Verify your business customers and create business records
If you provide a regulated financial service in the U.S., you must verify certain information about your customer. For your business customers, the Know Your Business (KYB) process involves collecting and verifying data about the nature of the business and its owners.
Provide information about the business, its owners and control executives. Our Identity Verification service helps you verify the identity of the individuals – a prerequisite for using the Business Verification service. Our proprietary evaluation model will screen owners and control executives of the business and confirm if it is ready for documentary review.
We will also help verify a business customer by reviewing digital images of the customer’s business formation documents. You can use the API to send them to us. Once we have verified the business formation documents, the API will let you know if your customer is approved or declined.
Advantages of the Business API
Read about our other APIs that enable you to offer payments and other banking services to your individual or business customers, all under your own brand.