Signicat InstantKYB is a SaaS solution that automates Know Your Business (KYB) onboarding workflows for business customers, ensuring compliance with local regulations. It integrates pre-defined, country-specific processes for identity proofing, risk scoring, and anti-money laundering (AML) checks, reducing manual intervention and streamlining onboarding across multiple markets.

Key Features

Automated Workflows Automates all KYB onboarding steps.

• No manual intervention required
• Pre-defined processes for multiple jurisdictions

Local Regulation Compliance Ensures compliance with domestic AML and KYB regulations.

• Tailored workflows for Norway, Sweden, Finland, Denmark, and the Netherlands
• Easy expansion to new markets

Risk Scoring Unique risk scoring to identify and filter out bad actors early.

• Risk data checks on mobile number, email, and IP address
• Early detection of false applications

Comprehensive Verification Covers organization and individual checks.

• Automatic business register information collection
• Identity verification of representatives
• Authority and ownership structure checks
• UBO (Ultimate Beneficial Owner), shareholder, and director verification

AML and Sanction Screening Performs full KYC or screening on stakeholders.

• PEP (Politically Exposed Persons) and sanction list checks
• Customizable information requirements

Benefits

Reduced Onboarding Time Accelerates business customer onboarding.

• Automated, unified workflows
• Minimizes manual processing

Enhanced Compliance Meets local and international regulatory standards.

• Reduces risk of non-compliance penalties
• Adapts to changing regulations

Improved Security and Trust Strengthens security and trust among stakeholders.

• Early risk detection
• Comprehensive stakeholder verification

Scalability Easily operates across multiple markets.

• Streamlined expansion with local expertise
• Unified approach for different jurisdictions