What is Business Verification
Business verification (KYB) confirms a company's legal status, directors, and ownership structure using official registry data.
Business verification — also known as Know Your Business (KYB) — is the process of confirming that a company is legitimate, legally registered, and operated by who they say they are. Regulated industries such as financial services, insurance, and legal services are typically required to carry out KYB checks before entering into a business relationship.
ONEKYC's KYB module queries official company registries across more than 130 jurisdictions to retrieve a business's registration data, current status, registered address, and filings. This automated lookup eliminates the need for manual document searches and provides up-to-date registry information in seconds.
What KYB covers
If you are completing a KYB check on behalf of your company, you may be asked to provide additional documents to supplement the registry data — for example, proof of authority to represent the company or a corporate structure chart for complex group structures.
KYB is often combined with KYC checks on the company's directors and UBOs. This means the people behind the business may also be asked to complete individual identity verification as part of the same onboarding flow.