Streamline your business verification process! Delegate AML watchlist and registry screening, beneficiary verification, and company structure checks to Sumsub
Automatically check whether the company exists, it’s status, and ownership structure.
No more multiple vendors and dedicated teams. Delegate the entire process to one solution.
Follow your regulator’s policies, meet FATF standards, and avoid penalties with our help.
Set up the WebSDK widget to optimize how your customers upload documents, fill out questionnaires, and collect information on beneficiaries
Sumsub uses company data from both local and global registries, with more than 500 mln. commercial records available
Screen entities for global sanctions, watchlist presence, PEPs and adverse media upon registration and on an ongoing basis
Verify beneficiaries with a wide range of automated KYC checks to ensure compliance and prevent fraud
Сompanies that work with Sumsub identity verification software save costs and increase revenue, according to the “Total Economic Impact™ Of Sumsub’s Verification Platform study by Forrester Consulting. Let’s see what results you can get
Remote KYB onboarding doesn’t have to be a bad experience for your clients. Customize the verification steps and widget to create a straightforward verification flow for businesses and UBOs.
The Sumsub SDK requires a one-time integration that’s done in 1 hour, with most clients beginning checks in a week. All further settings are code-free and available in the dashboard
Works on all devices
Co-Founder at Weavr
In providing financial services, knowing that our business partners are trustworthy is incredibly important. Sumsub handles the entire KYB + KYC Verification flow for us to ensure that customers onboarded are verified to high standards. Sumsub's technology is flexible and allows us to rapidly implement a wide variety of use-cases. Their team is effectively an extension of our internal compliance team. On top of automated registry lookups, money laundering screening, and UBOs checks, Sumsub’s legal team oversees the entire verification process.
CEO and co-founder at Crassula
We were very happy from the start. The integration went quickly and effortlessly. Then, we saw how good the support was. If there was a request for, let’s say, ‘stronger security measures’, Sumsub was quick to take care of that. It showed us very effective communication.
Compare and see how we excel beyond our competitors in key areas, as
validated by user reviews on G2
Know Your Business (KYB) is a verification process that investigates and determines the legitimacy of a company and its overall ownership structure. It is also a due diligence procedure that checks business activities to ensure that all partnering entities are not involved in illegal activities. KYB ensures that Anti-Money Laundering (AML) regulations are applied to help prevent money laundering and other types of serious financial crimes.
Business verification services help to ensure that businesses are legal entities. This type of service assesses whether companies present any risk of money laundering and other fraudulent activities, and supports organizations with their Know Your Business (KYB) obligations to gather all relevant verifying information.
Business verification, particularly through KYB (Know Your Business) solutions, helps companies ensure they're dealing with legitimate and legally compliant entities. This process is required for adherence to regulatory requirements like anti-money laundering and counter-terrorist financing laws and fraud prevention.
The benefit of company verification extends beyond legal compliance. It builds a foundation of trust between businesses, especially in B2B transactions. By confirming the legitimacy of a business partner, companies make informed decisions, mitigate risks, and build long-term partnerships.
Corporate verification typically requires a range of documents to thoroughly establish the legitimacy of a business. These include incorporation documents, which verify the company's legal existence; business licenses, proving the company is authorized to operate in its respective field; financial statements, to assess the financial health and stability; and proof of business address, ensuring the physical location of the business. Additional documents may include the identification of key executives and beneficial owners, to comply with KYB requirements.