Business Verification

One Solution to Automate KYB and KYC Compliance and Mitigate Fraud at Scale

To stay compliant and safe from fraud, businesses need to trust who they are working with. Yet, the protection associated with traditional Know Your Business (KYB) verifications is often synonymous with tedious and manual processes, friction and onboarding delays. The longer it takes, the higher the impact to client acquisition, either because of a poor customer experience or by losing clients to the competition. Speed up onboarding workflows, while staying compliant, preventing fraud and reducing costs — better KYB makes all of these outcomes possible. It’s time to expect a modern, digital business verification that delivers more.

Business Verification with ExpectID® Business

An automated KYB solution is imperative for any business that wants to remain competitive. With ExpectID® Business, IDology has combined KYB and KYC due diligence with multiple layers of risk detection and fraud intelligence into one powerful, programmatic solution.

The solution goes beyond KYB and KYC verification to provide a holistic perspective of the risk associated with both the business and the primary user. With ExpectID® Business, IDology gives you the actionable intelligence you need to streamline onboarding workflows for legitimate businesses, while dynamically escalating higher-risk customers to enhanced layers of authentication for further identity assurance and reserving deeper due diligence for verified companies. Smart, efficient and secure business verification for today’s digital-first economy.

Accelerate Onboarding

Accelerate Onboarding

Auto-verify more customers while reducing risk, seamlessly and without friction.
Automate Manual Processes

Automate Manual Processes

Enable more confident approvals while removing friction and unwanted delays
Modernize the Customer Experience

Modernize the Customer Experience

Enable more confident approvals while removing friction and unwanted delays
Stay Ahead of Fraud

Stay Ahead of Fraud

Detect and prevent fraud at scale with IDology’s cross-industry, anti-fraud consortium.
Safeguard Your Business

Safeguard Your Business

Screen businesses and primary users against global watchlists.
Established Trust with Enhanced Workflows

Established Trust with Enhanced Workflows

Confirm an identity with higher-levels of authentication.

How Business Verification Works with ExpectID® Business

  1. Client captures business and primary user data.
  2. IDology performs KYB and AML/KYC compliance and a risk evaluation of both the business and primary user.
  3. IDology returns located data and overall results in real time, including any risk conditions detected and fraud flags associated with the business and primary user.
  4. Enhanced verification of the primary user can be achieved through ExpectID® One-Time Verify, ExpectID® IQ, ExpectID® Scan Verify, and ExpectID® Flex API.

Advantages You Can Expect

  • Verify the authenticity of the business and perform KYB Compliance
  • Learn additional insights about the business’s reputation – tenured age, standing with Secretary of State, recent bankruptcy filings and more
  • Establish the UBO’s connection to the business – perform KYC Compliance for their identity.
  • Gain a risk perspective of both the business and the UBO identity complete with indicators of synthetic identity fraud
  • Screen the business and its owners against global watchlists and sanctions lists
  • Receive comprehensive and fully-transparent results including, locate data and risk conditions detected
  • Integrate with other IDology solutions for Step-Up Authentication, Attribute Verification, PEP’s & Sanctions and Compliance

Implementation & Configuration

Effectively fighting fraud is a group effort. IDology’s Consortium Fraud Network amplifies real-time fraud intelligence between companies and across industries, giving you the power to leverage the fraud mitigation efforts of every IDology customer. A combination of machine learning and human intelligence work together to detect repeat transaction attempts across the network or flag specific attributes associated with known fraud.

We couldn’t say we improve the verification process if we made it difficult to deploy any of our identity solutions. Depending on which solutions and delivery methods you select, you could have our identity verification and authentication solutions up and running in a matter of minutes or just a few days, without large upfront costs. Potential delivery methods include: web portal access, API integration, and batch uploads (delivery methods vary by solution—contact us for more information).

With criminals attempting new tricks every day, being able to quickly meet the rapidly changing fraud landscape is a necessity. That’s why IDology offers easy-to-use, completely customizable technology. Our unique, on-demand identity verification and authentication solutions offer point-and-click flexibility so that you can change rules and settings within the system whenever you want, 24/7, without burdening your IT team. With IDology, you manage the identity verification process from start to finish.