Know Your Business (KYB) Verification Automate Global Business Verification for Strong Compliance

Business Verification - overview

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.

Product sheet - Business Verification

Solution Sheet

How Business Verification Affects Your Operations

Dig deeper into strategies to make business verification work for you.

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91% Avg. Verification Rate*
450+ Global and Local Data Sources
700M+ Verifiable Business Entities
195+ Countries Covered

*in top-transacting countries

Make Data-Driven Decisions With Complete Business Profiles

Achieve compliance around the world
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.
AML Watchlist Screening - expand
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.
Regulatory Compliance
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.
Solution - Workflow Studio
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.

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.

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

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KYB guide

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.

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Deepen Your Knowledge of Business Verification

Business Verification (KYB)

Case Studies  

Consensys Captures Global Verification Efficiency

Business Verification (KYB)

White Papers  

Verify Businesses and Their Owners Quickly and Securely

Understanding UBO Requirements

Business Verification (KYB)

Article   |   5 min

Understanding Ultimate Beneficial Owner (UBO) Requirements and Risks

KYC + KYB are Better Together

Business Verification (KYB)

Article   |   3 min

KYC + KYB Are Better Together

Business Verification (KYB)

On-Demand Webinars  

Finovate: Why Your KYB Is Only As Good As Your KYC

Business Verification (KYB)

Article   |   4 min

Automating Global Watchlist Search, Screening and Monitoring

business verification process

Business Verification (KYB)

White Papers  

The Four Corners of Superior Business Verification

Business Verification (KYB)

Article   |   9 min

Enhanced Due Diligence Procedures for High-Risk Customers

Beneficial ownership for AML/KYC compliance

Individual Verification (KYC)

Article   |   7 min

Top 10 Questions About Beneficial Ownership for AML/KYC Compliance

Frequently Asked Questions

Learn more about key industry terms and concepts.

Gathering information about a company and verifying the data through reputable sources helps detect if a company is fake.

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.

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.

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.

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.

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.

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