Use Auto KYB 2.0

Make Auto KYB flows easier for your applicants.

With our Auto KYB 2.0, you can increase conversion rate with coverage of more than 200 countries and lower the number of required fields while getting the company data.

The verification includes Automated corporate registry check and Corporate AML check where both the applicant flow and the interface have been improved — the company name search is already available to implement in your business verification journey.

How it works

The Auto KYB 2.0 verification includes submitting the data, processing it by the system, and receiving the results:

  1. The applicant selects a country (and a state if required) and fills in the company name.
  2. The platform searches against aggregated corporate registries in the selected country and suggests a list of options. If nothing is found, the applicant enters the company data manually and runs the search again.
  3. When the company is found, the applicant picks it, enriches the company data if needed, and confirms the application.
  4. The application is being verified online and the result screen is shown in a couple of seconds.

Get started

To get started with Auto KYB 2.0 verification:

  1. Set up the WebSDK integration or use Sumsub API.
  2. Ask your Customer Success Manager to enable Auto KYB 2.0.
  3. Add a business verification level, include the Auto KYB step, and specify the fields to be submitted, such as Company type, Registration number, Legal address, and so on.
  4. Add the Company documents step, configure data that you want to collect, and select the Document types to be accepted.
  5. In Associated parties, configure the set of attributes you need to verify and set up verification levels for Individuals and Companies.
  6. Conduct verification and handle the results.

Handle verification results

To check the verification results:

  1. Go to the Companies page and open the necessary applicant profile.
  2. Go to the Company check section.

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Note

If there was no information found on the company and the applicant entered/edited the data manually, such a profile will be declined with the Problematic data tag. The delegation for such cases can be adjusted via Workflow Builder.

Report details

The report may contain the following information:

Data provided by applicant

The following is a list with details provided by the applicant:

  • Company name
  • Registration number
  • Company Type
  • Country
  • Incorporated on
  • Legal address
  • Tax ID and other fields (Location of registration, Postal address, Applicant position, etc.)

Data extracted from corporate registry

Type of results

Provided information for Advanced corporate registry pack

Provided information for Global + Ownership insights

Company check

  • Company name
  • Registration number
  • Registered office address
  • Status
  • Incorporated on
  • Registered on
  • Type
  • Nature of business
  • Start date
  • Source
  • Company name
  • Alternative names
  • Registration numbers
  • Expiry date
  • Status
  • Type
  • Nature of business
  • Legal form
  • Start date
  • Incorporated on
  • Registered office address
  • Web page
  • Telephone
  • Source

Company officers

-
  • Full name
  • Date of birth
  • Nationality
  • Country
  • Occupation
  • Appointed on
  • Correspondence address
  • Role
  • Status

Persons with significant control

-
  • Name
  • Type
  • Direct ownership percentage
  • Indirect ownership percentage
  • Beneficial ownership percentage
  • Address

Additionally, there will be the Company structure informational block designed in accordance with the data found on the company.