Know Your Business (KYB) Verification Automate Global Business Verification for Strong Compliance Book a demo Get the buyer’s guide Comply with strict KYB regulations. Access a broad range of global and local sources and data that’s updated every 15 seconds to verify more than 700 million business entities. Choose the service that suits your needs, from high-level business insights to verification depth that meets stringent UBO authentication requirements. Trulioo offers flexible, global verification capabilities – tailored to your KYB compliance needs – that deliver accurate, actionable results. 01 Data Intelligence to Drive Business Onboarding Trulioo gives you the complete business posture with an array of global and local data sources and the contextual insights that enable risk-based decision-making. Access diverse, authoritative sources – such as government registries, credit bureaus and proprietary information – that establish the legitimacy of any business. 02 Achieve Compliance Around the World Quickly set up KYB, KYC and AML workflows for different verification tiers. Choose from multiple integration options and easily configure your onboarding rules and logic, the data sources you call and the sequence in which you call them. Adjust in real time to shifting global regulations and new market requirements. 03 Solve Data Discrepancies With Artificial Intelligence Trulioo AI/ML and natural language processing address global data disparities by normalizing, standardizing and translating documents in hundreds of different languages. Our proprietary intelligence engine collates data and supports fuzzy matching on inputs and responses from third-party data sources. Solution Sheet How Business Verification Affects Your Operations Dig deeper into strategies to make business verification work for you. Read the solution sheet 91% Avg. Verification Rate* 450+ Data Partners 700M+ Verifiable Businesses Entities 195+ Countries Covered *in top-transacting countries Make Data-Driven Decisions With Complete Business Profiles Streamline Data Collection Automate manual and inefficient data collection and verification with access to 450-plus government registries and public records for less friction and a strong 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 gain deeper insights and better oversight, even across borders. Achieve Optimal Efficiency Gain clarity by transforming raw, unstructured data into comprehensive business profiles. Make informed decisions based on specific data attributes and a structured view. Expertise in data collection and intelligent routing optimizes workflows for automated case decision-making or appropriate reviews. Accurately Verify Business Entities Worldwide Quickly perform standard business verification with automated searches for business numbers, names and addresses. Trulioo ensures up-to-date local and global data for efficient first-layer verification across business sizes. Discover Business Essentials Complete Business Transparency and Graphing Trulioo accelerates business verification, transforming weeks of manual work into seconds. Conduct KYB and KYC checks in one workflow with fresh, accurate business data. Apply advanced due diligence to efficiently verify business entities and stakeholders. Access a detailed map for complete business transparency. Discover Business Complete Fight Business Identity Theft 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. Verify the Identity of the Person Submitting the Business Establish a first layer of fraud defense by conducting a low-friction verification of a person submitting a business for onboarding. That data point can also be used as an additional risk signal for final decision-making. Comply With Regulations Worldwide Trulioo customers are subject to oversight by numerous regulatory agencies, including the FCA, CySEC, FinCEN, AUSTRAC, PPATK and FINTRAC. The world’s largest organizations rely on Trulioo to meet global regulatory standards, such as AML/CFT, DAC7 and the INFORM Consumers Act. “ 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 KYC and KYB Are Better Together With holistic, integrated capabilities, organizations can verify businesses and their owners while delivering fast, compliant and automated onboarding experiences. 01 Elevate Value Optimize onboarding costs with increased speed, accuracy and coverage. 02 Achieve Compliance Meet regulatory requirements with deep-dive UBO identification and verification. 03 Gain Flexibility Customize verification to meet changing needs and evolving risk and fraud assessments. 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. Business Verification (KYB) White Papers The Four Corners of Superior Business Verification The Four Corners of Superior Business Verification Read the white paper: Discover how to overcome business verification challenges anywhere in the world with customized, layered workflows, robust data and onboarding agility. Business Verification (KYB) Article | 9 min Enhanced Due Diligence Procedures for High-Risk Customers Enhanced Due Diligence Procedures for High-Risk Customers Effective enhanced due diligence (EDD) procedures minimize risk & maintain effective compliance standards when onboarding high-risk customers. Individual Verification (KYC) Article | 7 min Top 10 Questions About Beneficial Ownership for AML/KYC Compliance Top 10 Questions About Beneficial Ownership for AML/KYC Compliance The need for discovering the beneficial ownership of business relationships is growing. Here are some questions and answers about CDD/KYC & AML rules. 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