Know Your Business (KYB) Verification Business Verification for the Globe Book a demo Comply with strict KYB regulations. Verify more than 700 million business entities across the globe with services ranging from high-level business insights to stringent UBO authentication. Trulioo offers flexible, global verification services, tailored to your KYB compliance needs, with accurate, actionable results. 01 Achieve Global Business Compliance Verify businesses anywhere in the world with access to up-to-date, independent sources, including government registries, credit bureaus, public records, proprietary information and enriched data that goes beyond any single source. 02 Flexible Business Verification to Match Your Needs Quickly set up KYB, KYC and AML workflows for different verification tiers. Choose from different integration options and easily configure and adjust data sources and rules to meet shifting global regulations, your business needs and market requirements. 03 Consolidate Siloed Data for Business Clarity Advanced data intelligence processes standardize different sources and formats to enrich data and present actionable insights. Achieve reliable verification in your language for trustworthy results anywhere in the world. Solution Sheet How Business Verification Affects Your Operations Dig deeper into strategies for making business verification work for you Read the solution sheet Optimize Business Verification Decision-Making & Performance Streamline Data Collection Automate manual and inefficient data collection and verification processes with access to 400-plus government registries and public records for less friction and a strong customer onboarding experience. Fine-Tune Risk Management Collect and analyze key data from an optimal blend of trusted government and proprietary sources. Draw from an expansive suite of verification and fraud mitigation capabilities to identify and monitor risk exposure. Reinforce Reporting Strengthen compliance reporting with customizable reports, audit trails and automated regulatory filings. With enriched business data and ongoing monitoring, compliance teams have deeper insights and better oversight, even across borders. Achieve Optimal Efficiency Expertise in data collection and intelligent routing optimizes workflows for automated case decisioning or appropriate reviews. KYC and KYB Are Better Together With a holistic, integrated verification platform, organizations can harness the power of a global identity platform to deliver a fast, compliant and automated user experience that optimizes onboarding. Unlock Value Optimize onboarding costs with increased speed, accuracy and coverage Unlock Compliance Achieve compliance with deep-dive identification and verification of ultimate beneficial owners Unlock Flexibility Customize verification to meet changing needs and evolving risk and fraud assessments Fight Business Identity Fraud From the Start Business identity theft commonly stems from fraud presentation at onboarding. Fraudsters acquire a company’s data and falsely represent it to apply for credit, sell illegitimate wares or commit further fraud on a platform under the guise of a legitimate business. Confirm the Submitter Works for the Business Trulioo helps organizations combat business identity fraud at onboarding. A simple, low-friction check verifies the person’s employment at the company. That natural extension of the business verification process can mitigate fraud and provide an additional risk signal for final decisioning. “ With Trulioo, we can do both KYB and identity document-based KYC checks with one solution, turning a previously cumbersome onboarding process into one that is quick and easy. This has enabled us to remain compliant across multiple continents and provide payments solutions that accelerate our customers’ businesses. Philippe Panneton, Nuvei senior vice president, Global Risk & Underwriting Expand Your Global Reach With Trulioo Book a demo Buyer’s guide Introduction to Business Verification Learn how automation, layered capabilities and state-of-the-art technology can accelerate global onboarding while maintaining security and compliance. Download the buyer’s guide Deepen Your Knowledge of Business Verification Business Verification (KYB) Case Studies Consensys Captures Global Verification Efficiency Consensys Captures Global Verification Efficiency Case Study: Consensys, a Blockchain and Web3 Software company, teamed with Trulioo to gain efficiencies in person and business onboarding. Business Verification (KYB) White Papers Verify Businesses and Their Owners Quickly and Securely Verify Businesses and Their Owners Quickly and Securely Streamline Know Your Business (KYB), Anti-Money Laundering (AML), Know Your Customer (KYC and Customer Due Diligence (CDD) processes. Business Verification (KYB) Article | 5 min Understanding Ultimate Beneficial Owner (UBO) Requirements and Risks Understanding Ultimate Beneficial Owner (UBO) Requirements and Risks Identifying and verifying UBOs (Ultimate Beneficial Owner) are fundamental requirements for AML/KYC compliance; best practices include automation. Business Verification (KYB) Article | 3 min KYC + KYB Are Better Together KYC + KYB Are Better Together The ability to integrate KYC and KYB workflows saves time and money, improves accuracy and potentially reduces onboarding time. Business Verification (KYB) On-Demand Webinars Finovate: Why Your KYB Is Only As Good As Your KYC Finovate: Why Your KYB Is Only As Good As Your KYC View On-Demand Webinar: Navigate the complexity of Know Your Business and Know Your Customer regulations and how an integrated Identity platform can help. Business Verification (KYB) Article | 4 min Automating Global Watchlist Search, Screening and Monitoring Automating Global Watchlist Search, Screening and Monitoring Screen customers against global watchlists, reduce risk and comply with AML/KYC regulations with automated processes. Frequently Asked Questions Learn more about key industry terms and concepts. How can I detect a fake company? Gathering information about a company and verifying the data through reputable sources helps detect if a company is fake. What is KYB? Know Your Business is a set of compliance procedures that determine if a company is legitimate. It includes due diligence that assesses the risk of doing business with the entity. What is a UBO? An ultimate beneficial owner is a real person who owns or controls a business or legal entity. Various legal structures can make it difficult to identify UBOs. What is the difference between KYC and KYB? KYC is about conducting due diligence on people, while KYB is about doing the same for business entities. Business documentation and financial activities are generally more complex and pose a higher risk, so the verification and risk assessment requirements are more stringent. Why do companies often need a KYB solution? KYB often requires considerable time and effort. Automated KYB reduces costly manual checks, helps ensure accuracy with in-depth reporting and can improve risk evaluation to enhance fraud protection. What is the KYB process? A typical KYB process includes verifying business documentation, analyzing the company profile, performing a risk assessment, determining entity ownership and control, implementing enhanced due diligence and conducting ongoing monitoring. Get Started Today Talk to one of our experts about the solutions you need. Book a demo