GUIDE

KNOW YOUR BUSINESS (KYB) 

WITH THE IDENTITYMIND NOW ACUANT COMPLIANCE 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 Acuant Compliance platform
 
Fill in the form on the right to dive in.
 
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ANALYST RECOGNITION

“As digital transactions continue to see massive growth, understanding who’s on the other end of the transaction is key to reducing fraud, managing risk and complying with regulations.”

“This evolution of the Acuant Trusted Identity Platform with IdentityMind positions them well in the dynamic market for identity orchestration platforms.”

Trace Fooshee

Aite Group

Senior Analyst

 

 

GARTNER

Market Guide for Identity Proofing and Corroboration. September 2019
Jonathan Care, Akif Kahn

AITE GROUP

Global AML Vendors: Embracing Innovation. February 2020
Chuck Subrt, Julie Conroy

AITE GROUP

Fraud, Authentication, and Orchestration Hubs: A Path to Greater Agility. December 2019
Julie Conroy