KYB
Quickly uncover who you’re doing business with
Driven by AI, onboarding is simplified with rapid business verification for company directors, stakeholders, and third parties.
Arrange a demoAccelerate business verification by 20%
Enhance ultimate beneficial ownership (UBO) detection by 30%
Speed up merchant onboarding by 25%
Kickstart your merchant onboarding
International financial institutions face the tough task of complying with strict regulations under the threat of identity-based criminal methods while bringing new merchants or service providers into the fold without operational headaches.
Know Your Business (KYB) is one such requirement: verifying major stakeholders and their business interests can catch any nefarious connections or activities straight from onboarding. And with RelyComply, checking the facts is simple, with a platform helping new and existing partnerships conduct business from the get-go.
One single platform for KYB business verification
Replacing manual processes
The platform handles document uploads, including business addresses and registrations, saying goodbye to tedious client-based uploads.
Combine KYB powers
Gain access and leverage RelyComply’s other solutions for advanced verification, including checks for PEPs and sanctions, adverse media, and configurable client risk assessments.
Assess information with AI
Tedious back-and-forth email chains for document verification are a thing of the past, as AI technology can extract and process the most valuable data.
Better focused strategies
It’s easy to craft compliance strategies per client, with businesses assessed according to bespoke risk profiles.
Get started with RelyComply
Easily integrate
Add business verification into existing workflows with ease.
Simply navigate
Get a complete picture of every onboarded business from a single view.
Cut time
Verification checks are sped up by 20% on average, and identity verification rates are increased by up to 10%.
Put customer satisfaction first
Instant document sharing and assessment ensures fast verification and an exemplary user experience.
Gain results
Onboarding throughput rates can be ramped up to 99%.
Quick KYB insights
Beyond Due Diligence: How AI-Enhanced KYB is Reshaping AML Practices
The interconnected and digital nature of today’s global financial system has amplified the challenges of money laundering and terrorism financing. These constantly evolving threats demand a fundamental shift in our countermeasures, as conventional approaches, based on manual reviews and rigid rule systems, are struggling to keep pace with increasingly sophisticated criminal tactics. This article explores … Continued
RelyComply’s AML innovation recognised by the newly launched FinCrimeTech50
We’re proud to announce that RelyComply has been included in the first edition of the FinCrimeTech50 list, founded by specialist research company FinTech Global. The list celebrates trend-setters and pioneering technology companies reinventing the anti-money laundering (AML) and fraud prevention space. The timing is perfect: an estimated 50% of financial institutions are searching for new solutions … Continued
Revolutionising AML Compliance: The Impact of AI-Powered Transaction Monitoring
Advancements in RegTech are having a crucial effect on financial services’ approach to achieving AML compliance. Automation processes can provide accurate real-time risk alerts and continuous KYC, reducing manual work and, more importantly, the threat of laundered money moving through the system. Fuelling this tech revolution is AI, whose generative functions are reshaping operational processes … Continued