Know Your Customer (KYC) or Know Your Business (KYB) is the process of a business verifying the identity of its clients and assessing their suitability, along with the potential risks of illegal intentions. KYC and KYB are legal requirement for businesses and anti-money laundering (AML) measures.
Who needs it?
Identity verification is increasingly required by regulators, banks, insurers, export creditors and other financial institutions. In general, whether you are technically subject to KYC regulations, it is recommended to consider a detailed due diligence process to protect your company and your customers.
Your shortcut to world-class KYC
The Provide KYC service acts as an API gateway to third-party digital identity management platforms in a standard, developer-friendly way. The KYC service is preconfigured to support two world-class Identity Verification services, Identity Mind and Vouched.
An extensible service, the KYC API gateway can act as a passthrough to any configured third-party API.
Did you know?
Provide also offers a full service KYC integration with highly competitive pre-negotiated rates. Under the service, Provide can manage the KYC/KYB application lifecycle to help you focus on your business.
Contact us to really fast-track your KYC or KYB compliance.