Verify your partners’ identity with KYB
Verify the identity of your B2B clients: identify legal entities, authorised representatives and ultimate beneficial owners, while meeting KYB (Know Your Business) requirements.
Document management is simplified, legal obligations are under control, all within a secure framework aligned with regulations.
KYB for Know Your Business
The KYB (Know Your Business) process enables the verification of the identity of companies with which you engage in business. It covers key elements relating to the company, including its structure, authorised representatives, and ultimate beneficial owners.
Unlike KYC, which applies to individuals, KYB concerns only legal entities: corporate clients, business partners or suppliers.
Each stage of the KYB process is automated: collection, analysis and validation. The PVID framework (Remote Identity Verification Service Provider) is also integrated to ensure reliable checks, including remotely.
Identity verification: Does it apply to you?
Under Article L561-2 of the French Monetary and Financial Code, institutions, insurance companies and regulated professions (lawyers, notaries, gaming operators, etc.) are required to identify their business clients before entering into any business relationship.
This obligation falls within a strict regulatory framework and must be updated regularly.
Why verify your business clients’ identity?
Working with unverified partners exposes your company to legal sanctions in the event of non-compliance. In case of recurrence or negligence, penalties may be increased, leading to:
- Fines
- Withdrawal of authorisation or licence
- Reputational damage to your company
Automate your KYB process to avoid control failures and strengthen the reliability of your business dealings.
Discover our solutions for payins and payouts in a regulated environment.
With seamless API integration into your existing systems
KYB is a streamlined five-step process
Legal entity verification
Every registered entity must provide key information: company name, legal form, registered office address and details of its authorised representatives.
These elements ensure a reliable understanding of the entity.
Collection of supporting documents
Verification and validation
Analysis of profiles and ultimate beneficial owners (UBOs)
Ongoing monitoring and regular updates
Automated monitoring with the KYB solution
KYB streamlines the evaluation of partners by automating checks and ensuring structured monitoring. It helps secure your business relationships while complying with current requirements.
A complete and effective prevention system
- Identify legitimate entities and detect warning signs with a solution designed to deliver reliability and responsiveness.
- This system ensures accurate verification of beneficial owners and authorised representatives.
- Each transaction is analysed within a rigorous framework, helping to detect anomalies and safeguard the quality of your business dealings.
Automated checks via our interface
- Simplify the KYB process with our intuitive interface.
- It allows smart pre-filling of required elements and automatic retrieval of documents, depending on the country of registration and available sources.
- Result: fewer manual errors and significant time savings.
KYB to strengthen the reliability of business relationships
KYB is essential for validating the legitimacy of the legal entities you work with.
It helps you identify suspicious or inconsistent structures, while enhancing transparency in your dealings.
- Compliance with regulatory obligations
- Automated verification of business partners
- Intelligent monitoring of professional relationships
FAQ: KYB for verifying your partners’ identity
What are the differences between KYB and KYC?
KYC (Know Your Customer) and KYB (Know Your Business) both aim to verify customer identity, but their scope differs:
• KYC applies to individuals.
• KYB applies to legal entities: companies, associations, etc.
KYB involves a more comprehensive analysis of structure, management and beneficial owners to guarantee the reliability of business relationships.
What documents are collected during the KYB procedure?
Several documents are required to validate a company’s legitimacy: legal structure, directors, articles of association…
The entire process is designed to provide a thorough and reliable verification, without unnecessary administrative burden.
How does Xpollens carry out KYB verification?
Our KYB solution automates the collection and verification of documents (company registration certificate, bank details, articles of association, information about representatives, etc.).
Our platform is built on robust technology, enabling fast and reliable processing, fully adapted to your operational requirements.
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