KYB stands for "Know Your Business." It refers to the process of verifying the identity and legitimacy of a business entity before entering a financial or commercial relationship.
Know Your Business
Verify businesses faster and stay compliant with end-to-end KYB
Automate business verification, UBO discovery, sanctions screening and ongoing monitoring through a single KYB platform.
Get to revenue faster
Convert more opportunities into revenue with rapid onboarding for the right businesses.
Complete global compliance
Stay aligned with FinCEN requirements by accessing identity documents from over 195 countries.
Automate approvals
Automate discovery and approvals with adjustable risk criteria and AI directed customer case management.
Gain end-to-end business onboarding and monitoring
Our business intelligence platform can increase your conversion rate by up to 50% through an accelerated business verification process, helping you onboard new customers in days instead of weeks.
How KYB works
GBG Detected delivers fast customer decisions, reduced time to revenue and ongoing compliance.
Step 1
Search the customer portal to find your business customer prospect
Step 2
Automate company screening, director and beneficial owner discovery.
Step 3
Send a single link to verify director and owner identities in minutes.
Step 4
Onboard your customer and monitor risk with in-life case management
Learn more about end-to-end KYB compliance
The KYB Playbook
Six essential steps for accelerated business onboarding.
Hear from the experts on KYB
Drive revenue faster with global, automated business customer onboarding and monitoring.
Frequently asked questions
Existing customers, get in touch with our customer support team.
What is KYB short for?
What is the meaning of Know Your Business?
Know Your Business is a compliance process used to confirm the legal status, ownership structure and operational legitimacy of a company. It helps organizations assess risk and ensure they are working with trustworthy business partners.
What is the KYB procedure?
The KYB process typically includes:
- Gathering company information such as name, registration number and jurisdiction
- Performing business verification checks
- Identifying directors and ultimate beneficial owners (UBOs)
- Screening for sanctions, adverse media and politically exposed persons (PEPs)
- Conducting risk assessments
- Ongoing monitoring for changes in business status or ownership
This process helps reduce fraud and meet regulatory requirements.
Why is KYB important?
KYB is important for preventing financial crimes such as money laundering, fraud and terrorist financing. It ensures businesses are compliant with regulations and helps protect against reputational and financial risk.
How does KYB verification work?
KYB verification involves checking business registration data, ownership records and financial health against trusted sources. It may also include identity verification of directors and UBOs, as well as screening for compliance risks.
What are KYB checks?
KYB checks are the steps taken to verify a business’s identity, ownership and risk profile. These checks may include document validation, database screening and ongoing monitoring to ensure the business remains compliant and legitimate.
How is KYB verification different from KYC?
KYB verification focuses on businesses, while KYC (Know Your Customer) focuses on individuals. KYB involves verifying company registration, ownership and operational status. KYC involves verifying personal identity and assessing individual risk. Both are essential for compliance and fraud prevention.
How does business verification help reduce risk?
Business verification helps confirm that a company is legally registered, financially stable and not involved in illicit activities. It reduces the chance of onboarding fraudulent entities and ensures compliance with anti-money laundering (AML) regulations.
What does the KYB process include?
The KYB process includes:
- Initial data collection
- Business registration validation
- UBO and director identification
- Identity screening
- Risk scoring
- Continuous monitoring
These steps help organizations onboard legitimate businesses and maintain compliance.
