Identity intelligence provider AU10TIX has launched a Know Your Business (KYB) solution that creates a single information flow by combining KYB processes with KYC (Know Your Customer) workflows.
AU10TIX’s unified KYB and KYC solution provides a comprehensive check against 200+ jurisdictions and over 1,000 government registries in one automated workflow, the company said in a news release.
The KYB solution comes in three packages:
- Business validation enables a quick and efficient proof of business (POB) verification process by confirming essential identification details, including business name and ID, address, country, registration date and official status.
- Sole trader verification extends business validation to validate both the company and owner with automated KYB and KYC risk evaluation through one API call.
- Enterprise verification extends business validation with several additional benefits and features, including continuous monitoring, in-depth KYC risk assessment and AML screenings against politically exposed persons (PEP) watchlists.
