Streamline Perpetual KYB with Continuous Monitoring
Ensure seamless compliance and risk mitigation with our Perpetual KYB solution. Continuously monitor company events and verify business credentials in real-time, reducing manual efforts and keeping your business secure effortlessly.
Trusted by industry experts and global leaders
Flexible data collection
Create custom onboarding questions using our forms template to gather information about the company and its shareholders. Download reports and maintain accurate records.
KYC management in one place
Verify the business and all related persons by generating ID verification sessions without having to leave the dashboard — all while ensuring a smooth end-user experience.
Real-time AML screening
Screen businesses against PEPs and sanctions lists, global watchlists, or adverse media, and convert more users by tailoring the KYB flow based on specific risk profiles.
How it works?
Collect Company Details
Ask company to fill in details and upload required documents.
Setup Monitoring of the Company
Setup automations and risk factors for the monitoring of the company.
Receive Real-time Alerts
Receive ongoing information whenever issues occur to block potential risks of compliance.
Request documents for streamlined data collection
Easily request any business information you need to know about the company and its associated individuals, all without disrupting the end-user experience. Our automated Perpetual KYB form simplifies data collection, making it seamless and efficient.
Connect to global company registries
Gain access to over 180 company registries in 120+ countries to verify business legitimacy and automatically assess risk signals. Screen against watchlists and adverse media to ensure comprehensive risk management.
Ensure compliance with accurate UBO verification
Break down complex ownership structures and identify Ultimate Beneficial Owners (UBOs) through triggered KYC checks. Ensure a compliant Perpetual KYB process while providing a seamless user experience.
Conduct AML screening from the same dashboard
Screen representatives and high-risk clients like UBOs against authoritative databases, including PEPs and sanctions lists. Enable ongoing monitoring to receive alerts and catch potential issues promptly.
Frequently asked questions
What is Perpetual KYB?
Perpetual KYB, or pKYB, is a continuous verification of a business, which includes monitoring the company’s information regarding its related persons and partners. It’s an ongoing due diligence procedure designed to assess another business that the company engages with to prevent partnering with fraudulent entities. This is a regulatory requirement for banks and other financial institutions to verify the authenticity of their potential business partners and ensure that the business relationship remains transparent while preventing financial crimes like money laundering and terrorism financing.
Why is the process of pKYB important?
What are pKYB checks?
Can you use iDenfy’s pKYB solution for pKYC?
Outperforming competitors. Discover G2 ratings
See how we rank with competitors in key areas, backed by top ratings
and user reviews on G2.
| iDenfy | Jumio | Onfido | SumSub | Veriff | |
|---|---|---|---|---|---|
| Product Direction | 10.0 | 9.0 | 8.9 | 9.4 | 8.8 |
| Quality of Support | 9.8 | 9.0 | 8.5 | 8.9 | 8.3 |
| Ease of Use | 9.7 | 9.0 | 9.0 | 8.8 | 8.3 |
| NPS | 9.7 | 8.7 | 8.8 | 9.2 | 8.9 |
* According to G2 2024 Identity Verification Summer report.
Case studies
Get inspired by our customer success stories.
We’ve noticed a steady increase in the number of customers joining us each month, thanks to the improvements in automation and customization we’ve made by incorporating iDenfy into our KYC process.
Our team had to deal with increasing chargeback requests. iDenfy’s identity verification resolved this issue, reduced fraud, and improved our conversions while allowing us to continue our operations smoothly.
We can now provide a straightforward automatic KYC and AML system in the form of our easy-to-use Plugin, which has lifted the burden of manual documentation review.
iDenfy seamlessly integrates with our AML, KYC and KYB policies, offering sophisticated and scalable solutions to ensure compliance in new markets. They make verifying users and companies across multiple regions secure, efficient, and simple.
We seamlessly iDenfy’s age verification solution into our app through API integration and customized branding. iDenfy’s protocols are globally effective, helping us expand into international markets without the need for country-specific adjustments.
To provide services to the fintech industry, we often work with local companies with foreign UBOs. Without iDenfy, our ability to serve such customers would be limited, as their solution has played a critical role in our ability to rapidly and accurately verify the identities of our clients.
Save costs by onboarding more verified users
Join hundreds of businesses that successfully integrated iDenfy in their processes and saved money on failed verifications.
