FAQ

Socure provides customers with the choice to use any of our KYB Partner integrations for business verification purposes within RiskOS. Additionally, Socure products such as Digital Intelligence help mitigate fraud related to business onboarding scenarios, and Watchlist Plus can provide sanctions checks and adverse media for business entities.

RiskOS provides an innovative solution for verifying business owners, or UBOs, alongside the business entity. Using a single API endpoint and connected workflows, the business entity and all associated individual data that is provided can be quickly and confidently verified using both Socure and Partner products.

Selecting the right KYB Partner or Partners is important to ensure that you have the verification coverage that you require. Some Partners are better in the US, while some have broad coverage internationally. Specific use cases like lending, ecommerce, social networks, etc. all require different types of coverage and verifications, which makes choosing the right Partner an involved process. We recommend consulting our Solution Consulting team for assistance.

Determining business ownership if you don't have access to formation documents or cap tables can be tricky. In the US, much of that data is intentionally hidden behind registered agents and multi-layered entities. While some KYB Partners can provide a limited amount of ownership information, coverage is typically minimal.

Outside of the US, the possibilities open up as many countries require business ownership to be made public. Most of our international KYB Partners will provide ownership data for a business anytime it's available.

RiskOS makes it easy to orchestrate onboarding events from different countries. A single workflow can contain multiple Partner products, and it's easy to add condition steps to direct the workflow to send data to the vendor that supports the country in question.

Socure partners with some of the top business data providers in the industry in order to offer customers comprehensive coverage for KYB verification. Our partners aggregate data from Secretaries of State, government registries, independent business registries, and other data sources.

Customers without strict due diligence guidelines can still benefit from utilizing RiskOS Business Onboarding workflows. Depending on their risk appetite, they might choose to utilize comprehensive verification solutions like financial institutions do. Alternatively, they might prefer a lighter touch solution such as detecting potential risk based on a business's web presence, industry classification, customer reviews, etc. Our KYB Partners offer tools for such purposes.