In a significant move to enhance Know Your Business (KYB) processes, GBG, a leader in global identity and location, has launched GBG Detected.
This end-to-end KYB solution is a collaboration with Detected, a pioneer in the KYB sector, aimed at meeting the growing demand for more efficient and reliable KYB systems. The partnership brings together GBG’s vast global data, agile technology, and expert teams with Detected’s advanced technology and progressive strategies, aiming to tackle the global KYB challenges that businesses currently face.
Businesses today grapple with lengthy and complex KYB processes that frequently necessitate manual intervention, costing them time and money. GBG Detected offers an all-in-one solution that streamlines compliance workflows and enhances user experience for both businesses and their customers. This solution promises faster revenue generation, cost reduction, and improved operational efficiencies. With GBG Detected, businesses are expected to achieve quicker onboarding and verification, significantly reducing the workload on compliance teams.
The key advantages of GBG Detected include fast, secure, and seamless onboarding. The solution leverages advanced automation, powered by both Detected and GBG, to streamline and improve the KYB process. It seamlessly integrates into existing Customer Relationship Management (CRM) platforms without causing disruptions. Additionally, GBG’s identity verification is integrated into GBG Detected, ensuring high-standard KYC checks of Company Directors and Ultimate Beneficial Owners (UBOs), which provides a global reach with the most comprehensive in-country identity verification data.
Gus Tomlinson, Chief Product Officer of GBG, emphasized the strategic importance of KYB beyond compliance: “KYB isn’t just a compliance requirement; it’s a strategic advantage. By combining our extensive identity verification capabilities and global identity data and document ecosystem with Detected’s innovative technology, we not only address the complex challenges posed by KYB today but empower businesses to grow with confidence.”
Liam Chennells, CEO of Detected, also highlighted the benefits of this collaboration: “Partnering with GBG allows us to bring our next-generation KYB technology to a broader audience. Together, we can provide businesses with the tools they need to navigate the complexities of modern regulatory landscapes while ensuring a seamless and efficient onboarding process.”
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