4Stop, an information aggregation platform for KYC, has released its enhanced global know your business (KYB) solution.
Its new service is designed to enable businesses around the world to strengthen their B2B onboarding processes via automated, data-driven, compliance and risk-free processes.
The single API solution combines aggregated premium global KYB and KYC data services, an anti-fraud engine, automated workflows and a centralized view of KYB verifications, data, risk indicators, reports, UBO’s, corporate structures, documentation, and more. Clients can use the technology to underwrite in near real-time.
By leveraging 4Stop for KYB, a company can access data analysis on a variety of aspects, such as online presence, operational structure, compliance adherence, and credit scoring, among others.
4Stop’s verifications are all conducted via anti-fraud technology. Clients can customise this in accordance with their risk mitigation thresholds per B2B market or region. A client will receive real-time analysis, rule performance and intelligence.
4Stop CEO Ingo Ernst said, “We are proud of our new KYB solution and its innovations that are proving to automate and improve efficiencies within underwriting globally and allow businesses to obtain a clear, data-driven risk assessment to onboard confidently in a fail-safe and compliant manner. All while ensuring their KYB performance is future-proofed against the on-going evolution of the regulatory landscape.”
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