GUIDE

KNOW YOUR BUSINESS (KYB) 

WITH THE IDENTITYMIND PLATFORM




If your company provides financial services to businesses, you’ll need to optimize your KYB (Know Your Business) processes to efficiently onboard new customers, without exposing your business to fraudulent actors and their illicit activities.


When reviewing a KYB solution your wish list should include the following capabilities:
  • Business Verification: proves whether the business is properly defined
  • Business Risk: assesses the risk of the business you are dealing with
  • Business Compliance: matches against regulatory sanctions lists provided by different regulatory entities
  • Beneficial Owners Identification: helps you understand who the actual individuals behind the business are
  • Business Continuous Monitoring: businesses are continuously evolving and you need to make sure you’re always monitoring them
However, the KYB processes and checks defined above can take hours to days without a platform with the proper automation capabilities.


Download this guide and learn:
  • What is Know Your Business (KYB) and who should perform it?
  • What does a KYB process normally consist of?
  • The regulations behind Ultimate Beneficial Ownership (UBOs)
  • How to accomplish KYB with the IdentityMind platform
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About IdentityMind

IdentityMind supports your AML and fraud prevention needs across a range of solutions covering Know Your Customer (KYC), sanctions screening, anti-money laundering (AML) transaction monitoring, and chargeback detection. We help you ensure regulatory compliance and protect against fraud losses with our digital identities, providing the most complete picture of a customer’s risk.

Instead of analyzing entities and attributes of a transaction in isolation, IdentityMind builds and verifies identities and draws correlations with other entities and attributes such as shared physical and email addresses. Learn More.

Analyst Recognition

GARTNER
Sample Vendor in Identity Proofing and Corroboration

“Hype Cycle for Identity and Access Management Technologies, 2018”

GARTNER
Sample RegTech Vendor

“Hype Cycle for Digital Banking Transformation, 2018”

AITE GROUP
Leading AML Advanced Analytics Vendor

“The AML of Tomorrow: Here Today” 2018

INTERNATIONAL DATA CORPORATION
Innovator

“IDC Innovators: Identity Proofing Solutions to Prevent New Account Fraud and Enhance KYC Compliance, 2018"

GARTNER
Representative Vendor

“Market Guide for Identity Proofing and Corroboration" 2018