Business identity & verification
Business identity & verification - Identity & compliance.
5 of 5 topics shown
- Business identity & verificationKnow Your Business (KYB)Know Your Business is the process of establishing the identity of a business, understanding who owns or controls it, and assessing whether a relationship presents unacceptable risk. A useful KYB record connects a legal entity to its registration evidence, ownership information and the decision made about it. Finding a company name is only the beginning: the record must belong to the business you intend to onboard.
- Business identity & verificationKnow Your Customer (KYC)Know Your Customer is the process of understanding who a customer is, why they are using a service and what risks the relationship creates. In a business relationship, that understanding can involve both a legal entity and the individuals acting for, owning or controlling it. Identity evidence is an input to the assessment, not a substitute for understanding the relationship.
- Business identity & verificationBusiness VerificationBusiness verification checks that an organisation corresponds to an identifiable legal entity and that its submitted information is supported by appropriate evidence.
- Business identity & verificationIdentity VerificationIdentity verification checks whether identity evidence supports the identity claimed by a person or entity in a particular workflow.
- Business identity & verificationAuthorised RepresentativeAn authorised representative is a person permitted to act for a business within a defined scope of authority.