Business eKYC
Understand the due diligence requirements and documentation necessary for onboarding corporate entities. This guide explains the verified data points required for businesses and their associated stakeholders.
Onboard business customers with confidence. The comprehensive KYC/B capabilities verify company legitimacy and ownership structures and ensure compliance with AML regulations—directly within the MatchMove platform.
Corporate Registry Check
Instant access to 600M+ commercial records worldwide. Verify company registration, legal status, and corporate details in just 15 seconds through the integrated registry network.
UBO and Associated Parties Verification
Identify and verify Ultimate Beneficial Owners with access to 345M+ shareholder records. The KYC service UBO verification achieves 90%+ pass rates with minimal friction.
Document Review
AI-powered extraction and verification of corporate documents in 140+ languages. Certificates of incorporation, articles of association, shareholder registers, and more.
Ownership Structure
Automatically map complete ownership hierarchies including shareholders, directors, authorized signatories, and related legal entities with visual structure diagrams.
Associated Parties We Verify
- Ultimate Beneficial Owners
- Shareholders
- Directors
- Representatives
- Authorized Signatories
- Founders
- Secretaries
- Legal Advisors
- Trustees
- Beneficiaries
How Business Verification Works
1
Company Information Submission
The business representative enters basic company details: legal name, registration number, and country of incorporation. The KYC service system searches against 600M+ commercial records to locate and pre-fill company data.
2
Corporate Registry Verification
We automatically verify the company's legal existence, registration status, and corporate details against official government registries and trusted commercial databases in real time.
3
Corporate Document Collection
Required documents are uploaded: certificate of incorporation, articles of association, shareholder registers, and proof of address. The KYC service AI extracts and cross-checks data in 140+ languages.
4
Ownership Structure Mapping
The complete ownership hierarchy is mapped—identifying all shareholders, directors, and Ultimate Beneficial Owners (UBOs) who hold 25% or more ownership or exercise significant control.
5
UBO & Associated Party KYC
Each identified UBO and key associated party completes individual identity verification (eKYC). This ensures the real people behind the business are verified to the same standard as individual customers.
6
Corporate AML Screening
The company and all associated parties are screened against global sanctions lists, PEP databases, watchlists, and adverse media. Any matches are flagged for compliance review.
7
Verification Complete
Upon successful verification, the business is approved for onboarding. A complete audit trail is generated, and ongoing monitoring ensures continuous compliance throughout the relationship.
AML Screening & Ongoing Monitoring
Protect your business with continuous compliance monitoring that runs automatically in the background—built right into your existing workflows.
Global Watchlist Screening
Automated checks against OFAC, UN, EU, HMT sanctions lists and more
PEP Detection
Identify Politically Exposed Persons across all jurisdictions
Adverse Media Monitoring
AI-powered scanning for negative news coverage
Ongoing Monitoring
Continuous re-screening alerts you to any status changes
Risk Scoring
Dynamic assessment based on multiple configurable risk factors
Security & Compliance
The KYC service verification infrastructure meets the highest security standards including SOC 2 Type II certification and GDPR compliance. All verification data is encrypted end-to-end and processed in accordance with global data protection regulations.
Business eKYC User Journey
Designing a seamless eKYC (Electronic Know Your Customer) journey requires a delicate balance between regulatory rigor and user experience. While the interface is designed to feel intuitive and linear, the engine behind it is highly sophisticated.
The following workflow outlines the standard sequence of screens a business user will encounter. However, it is important to note that the capture process is dynamic; the system adapts in real-time based on the business:
- country of business foundation
- industry or sector
- risk associated with the profile
If certain triggers are met, the journey will automatically scale to include Enhanced Due Diligence (EDD) requirements, prompting for additional documentation or clarifying questions to ensure full compliance without compromising the integrity of the data.
Key Logic of the Journey
- Adaptive UX: The flow isn't one-size-fits-all; it adjusts based on the "foundation country" and "industry" inputs.
- Risk-Based Triggering: High-risk industry and profiles will see additional form fields that a standard-risk business user will not.
- Dynamic Document Capture: The system intelligently requests specific IDs or supplemental proof that is legally required for verification.
Disclaimer
Verification Entry
Business Profile
Document Capture
Declare Associated Parties
Submission
Confirmation
*Before the business KYC verification is given approval, all of its connected parties must pass their own verifications.
UBO and other associated parties must complete their individual eKYC using the verification link sent to their registered email.
Note: Starting a KYC from a link sent to your email requires a relationship and trust from the sender. As such, the sending of the KYC email to associated parties must be a deliberate action from the verifying business. The KYC links for the associated parties are provided in the business KYC confirmation screen and can also be generated using the API.
The platform will not send any automated emails pertaining to KYC; all platform notifications are delivered only through a webhook.
Related Links
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- Business eKYC