Remote KYB Onboarding and Compliance
Experience a next-gen Know Your Business (KYB) service that is efficient and compliant with all anti-money laundering regulations. From representative rights checking to document signing, build your own electronic identity verification process and easily integrate it into your day-to-day business.
Know Your Business (KYB) options
A Comprehensive Approach To
Business Onboarding
UBO Discovery
Ultimate Beneficial Ownership (UBO) discovery is the core of KYB. Automate the UBO discovery process to benefit from information on the ultimate beneficial owner, avoid money laundering threats, and comply with AML regulations.
Global Databases and Registries
Efficiently prevent money laundering and other financial crimes with the latest registry data. Automatically check the validity of documents, PEP status, and other data with international and local registries.
0% Tolerance for Fake Companies
Our AI-driven solution, KYB specialists and risk-based approach ensure that no fake company can slip through the strict checks. Automated business verification makes your job easier and your company safer as any money laundering attempts can be caught early.
100% KYB Compliance
Always be prepared for KYB, KYC and Anti-Money Laundering regulatory changes while staying in check with GDPR, EBA and ultimate beneficial ownership regulations without breaking a sweat.
One to Many Verification Check
It takes only one representative for all the shareholders to be checked. Saves time and streamlines your business onboarding steps with remote KYB onboarding verification.
What is KYB Onboarding?
Know your business onboarding is the process financial institutions must go through to confirm the legitimacy of any corporate clients. It allows businesses to avoid money laundering attempts as well as recognise the ultimate beneficial owner of any client. An efficient KYB onboarding process not only protects that company but does so in a timely matter.
360-Degree Overview of Your Business Clients
During the initial checks, the company representative's background is analyzed, checking the ties with the enterprise in question. Its identity and document legitimacy are verified, and additional checks can be applied. After providing the company input codes and cross-referencing with the registries, KYC forms are filled out, and the only thing left is to sign a document.
Bring Business Onboarding to
the Modern Age
Ondato enables you with tools like ultimate beneficial owner verification, identification and financial reports. Gain instant access to a full company view. Trust AI to grab all the relevant data from various registries and instantly know everything (including the ultimate beneficial owner) about the entity you're dealing with. Cover all bases with one solution whether you're dealing with financial institutions or vendors.
Automated Data Submission
Our system relies on machine learning to detect spoofing attempts and confirm matches between ID and users' faces. After checking and passing business representative rights, the biometrical data is compared and verified by AI. The human specialist adds a final confirmation, ensuring that everything is in check.
Build Your Own Process With
Background Check
E-Mail Risk Scoring
Sanctions Screening
PEP Screening
Registry Screening
Adverse Media Screening
Internal Stop-Lists
Document Verification
OCR
Spoofing Detection
Proof of Address Check
Business Registry Extract/Documents Verification
Legal Entity Document Verification/Submission Module
Biometric Confirmation
Facial Verification
Biometric Face Comparison
Clients
We Work With
The Ondato KYC solution is a fantastic tool that we always rely on! It simplifies the client onboarding process and lowers our operational costs. The team is quick to respond and eager to hear any concerns or suggestions. Also, they update their tools frequently, so you're always satisfied with their quality of service. We're happy to partner with a great organisation that goes above and beyond for its clients.
Mindaugas Gaulia
Head of Compliance at kevin.
As fully digital bank for SMEs, we have been working with Ondato since the beginning. We are happy to have a reliable and professional partner for our client’s identification services and bank customer on-boarding journey. Ondato enables us to provide fast and seamless application process for EU member citizens and services to our clients.
SME Bank
Banking industry
Ondato is a trusted and valued business partner. Their market leading age and identity verification technology is a key element of OnlyFans safety controls. We enjoy the close working relationship we have with their team and we know that they value our feedback and reflect this in their product roadmap.
OnlyFans
Internet content subscription services
Automated identity verification tool has significantly expanded the limits of our onboarding process while at the same time minimizing all operational costs and saving us a lot of headaches. With Ondato, we can finally be certain that all of our incoming customers are of permitted age and that there will be no unwanted legal or financial surprises.
STEX
Crypto industry
Secure identity check, verification and onboarding is one of the cornerstones for digital services and society in general, during the Lighthouse program Ondato has shown their excellence in developing a real solution tackling this problem.
SEB
Banking industry
Ondato KYC solution allowed us to simplify the client’s onboarding process and reduced our operational costs. It was the simplest and fastest integration that we have ever seen, thanks to advising and to the great support of Ondato team.
General Financing
Banking industry
As a specialized online loan bank operating exclusively on the Internet, Ondato has enabled us to work with clients who do not have qualified e. signatures and this has helped us to significantly expand the customer base, increase sales and fulfill its vision of a full-digital bank without paper documents.
Fjord Bank
Banking industry
We started to cooperate with Ondato three years ago. We needed an easy to integrate one-stop-shop solution in order to evaluate customers financial information. Budget and timing were very strict, and they just nailed it.
SAVY
Loan services
Personal data is a core area we work with, so we had three main requirements from Ondato - bank-level security, compliance with GDPR and other international data protection laws and global database coverage. We have got ourselves a very convenient and tailor-made solution.
CREDITINFO
Financial services
By taking advantage of good feedback and working their a***s off, The team at Ondato has made big strides in a short time period. They were able to transition from a fairly basic consumer facing product to a complex business solution that is of high interest to financial institutions and global payments companies.
NFT ventures
Financial services
As a leading Lithuanian crowdfunding platform that connects investors with borrowers seeking financing for their real estate development projects, we have been working with Ondato for their identification services and customer onboarding journey. Ondato has allowed us to simplify the client onboarding process and reduce operational costs thanks to its simple and fast integration. For these reasons, we are delighted to be business partners with Ondato.
Profitus
Crowdfunding
FAQ
Currently, we can get reports, financial statements and credit scores from 195 different countries.
We can establish the ultimate beneficial owner in 50 countries.
Business onboarding refers to the processes that allow companies to learn about another company before entering into a business relationship with them. This is required for honest business practices, money laundering prevention, and compliance with other regulations.
Yes. It is one of the main processes that make up KYB and protect businesses from untrustworthy companies.