Know Your Business (KYB) has become a critical pillar of modern compliance workflows, enabling regulated firms to verify the legitimacy, ownership, and risk profile of the companies they engage with.
As financial services expand globally, onboarding business customers becomes increasingly complex, requiring firms to assess corporate structures, identify ultimate beneficial owners (UBOs), and ensure ongoing compliance with anti–money laundering (AML) and sanctions regulations. When implemented effectively, new KYB tools help organisations move beyond manual due diligence processes and build scalable, automated frameworks for business verification and risk assessment.
Despite its importance, many firms still struggle with fragmented KYB processes that rely on manual checks, inconsistent data sources, and time-consuming reviews. Regulatory expectations are also rising, with authorities demanding greater transparency into corporate ownership and stronger controls to prevent financial crime through shell companies or opaque structures. At the same time, cross-border expansion means firms must navigate differing registry systems, data availability, and compliance standards across jurisdictions.
As a result, KYB has evolved from a back-office compliance requirement into a strategic capability, and RegTech solutions are increasingly being adopted to streamline verification, improve data accuracy, and reduce onboarding friction while maintaining regulatory confidence. A report from Juniper Research claimed there will be a total spend of $35.5bn in 2026 on KYC and KYB, and the set to grow by nearly 50% to reach $53bn by 2030. As firms look for new tools to improve KYB, they are spoiled for choice.
Here are 9 KYB solutions that should be on your radar
Risk Management
Company Overview
Founded: 2022
Subsectors: Onboarding Verification, Risk Management, Compliance Management
Regions of Operations: Global
Who does it serve: Financial services
What it does: Onboard users and businesses globally with speed and confidence. AiPrise is the all-in-one platform for fraud prevention, risk mitigation, and compliance, providing access to over 800 business data points across more than 200 countries. AiPrise replaces complex and fragmented systems with a single, customisable solution that allows organisations to design the ideal onboarding experience. With AiPrise, businesses can quickly and reliably expand into new markets while maintaining the highest security and compliance standards.
AiPrise’s KYB capabilities focus on helping companies automate verification of businesses, their ownership structures, and compliance risk across global jurisdictions. Clients can access a clear and comprehensive view of their customer’s ultimate beneficial owners, with KYC checks on UBOs completed within a minute. IT also provides clients with a real-time, risk assessment based on custom-built rules.
Key features:
- Real-time risk assessments
- Intelligent risk-based actions
- Continuous business monitoring
Founded: 2021
Subsectors: Onboarding Verification, Risk Management, Identification Background Checks, Compliance Management, Process Automation
Regions of Operations: Global
Who does it serve: Financial services
What it does: CleverChain is a real-time intelligence hub for verification, assessment and monitoring of companies, individuals and digital wallets. CleverChain fuses high-quality global data with explainable AI to deliver actionable intelligence and large-scale automation trusted by users and regulators alike. This also includes automated KYB and UBO monitoring to ensure clients are compliant.
VERA, its autonomous AI Due Diligence Agent, performs in-depth, contextual, end-to-end analyses based on the users’ individual policies, including audit logs and quality assurance checks. Meanwhile, AI Digital Consultants KIRA and LEXI interactively enable in-depth investigations and regulatory reviews. Together, its solutions act as an AI-powered “Digital Line of Defence”, driving deeper comprehension, sharper risk detection, faster decisions, smoother onboarding, higher conversion.
Key features:
- Fully customisable
- Real-time intelligence
- AI-powered intelligence
Founded: 2023
Subsectors: Business onboarding
Regions of Operations: Netherlands
Who does it serve: FinTech, Banking, Platforms, Financial institutions
What it does: Duna is an AI-native business identity and onboarding platform that helps regulated companies such as FinTechs, banks, and marketplaces streamline how they verify and onboard business customers. It provides a unified system for managing KYB, KYC, AML, and ongoing compliance, combining data from global company registries, identity providers, and risk signals into a single workflow-driven platform designed to reduce manual compliance work and improve conversion during onboarding.
Its KYB services focus on automating the full business verification lifecycle, including collecting and validating company registration details, mapping ownership structures and ultimate beneficial owners (UBOs), running sanctions and AML screening, and continuously monitoring businesses for changes or risk events. The platform also provides configurable policy rules and case management tools so compliance teams can automate decisions, tailor risk logic, and maintain audit-ready records across onboarding and ongoing monitoring.
Key features:
- Unified KYC and data integrations
- Automated case management
- Policy and risk engine
Founded: 2017
Subsectors: KYC, AML
Regions of Operations: Global
Who does it serve:
What it does: KYCP is a real-time, risk-driven Client Lifecycle Management platform with full ownership of policy automation, increasing operational efficiencies and redefining business relationship outreach. It is a dynamic workflow platform that reduces risk exposure as well as the cost to maintain such risk.
Its offering helps clients manage their KYC, KYB, AML and ongoing due diligence through a single, configurable platform. The platform boasts a real-time risk engine that continuously monitors counterparty risk through configurable rules, parameters and triggers. These assessments evolve as new data, events or behavioural indicators are introduced to ensure risk profiles are accurate. The platform, which can integrate with existing compliance systems, helps firms move away from a static checklist for due diligence and to an event-driven approach.
Key features:
- Real-time risk engine
- Dynamic due diligence
- Integrated customer outreach
Founded: 2008
Subsectors: Onboarding Verification (AML/KYC/CDD), Transaction Monitoring, Risk Management, Reporting, Compliance Management
Regions of Operations: Global
Who does it serve: Financial institutions
What it does: MCO is the only integrated financial services compliance solution that combines governance of the regulated activities of the company, employees and third parties with robust obligation management. MCO has built passion and proficiency for compliance automation into every product, empowering clients of all sizes to maximize technology to minimize compliance risk. Available as a unified suite or à la carte, MCO’s easy-to-use and extensible SaaS based solutions get firms up and running quickly and cost-efficiently.
MyComplianceOffice helps companies, large and small, meet evolving regulatory needs and ensure compliance more easily. Their interconnected suites with a centralized data centre offer firms a comprehensive and cost-effective complete compliance solution.
- Know Your Employee provides compliance teams with an easy and affordable way to monitor, manage and ensure adherence to employee policies, identifying issues before they become problems and mitigating the risk of misconduct.
- Know Your Transactions helps firms mitigate risk that can originate from breaches in the firm’s financial products, including market manipulation, insider trading, suitability, conflicts of interest, transaction screening and monitoring and money laundering.
- Know Your Third Party delivers a clear understanding of KYC and third-party risks, providing oversight of due diligence activities associated with third party relationships including customers, vendors, counterparties, agents and partners.
- Know Your Obligations enables firms to identify and manage regulatory change and structure policies, procedures and controls to drive understanding of compliance requirements across the organization and assure compliance.
Key features:
- Third-party screening
- Ongoing due diligence
- Third-party lifecycle management
Founded: 2012
Subsectors: Onboarding, Risk Assessment, Reporting
Regions of Operations: Global
Who does it serve: Banks, Wealth firms, Investment firms, Neobanks, FinTechs, Payment companies, Professional services
What it does:
Muinmos’ Agentic AI Client Onboarding & Lifecycle Management Platform delivers a fully automated, end-to-end solution for regulatory onboarding compliance and client lifecycle management. It enables financial institutions and others to instantly onboard clients while maintaining continuous compliance across jurisdictions. The platform’s AI Agents perform Client Classification and Product Suitability, all required KYC/KYB verifications, and ongoing risk monitoring in real time. Designed for global scalability, Muinmos removes manual friction and ensures consistent adherence to local and international regulation, reducing onboarding time by up to 96% while lowering costs by over 30% and reducing repetitive manual work by as much as 90%.
Muinmos’ AI Agents orchestrate the entire client onboarding & lifecycle management process end-to-end, enabling instant and compliant onboarding globally: initiate the correct client journey, collect required information, determine applicable regulations, perform related-party checks, pull relevant data from proprietary sources, request needed documents, and analyse the full case – all within seconds.
When complex scenarios arise, such as ambiguous risk flags or cross-border restrictions, the agents autonomously trigger workflows, adapt the client journey, enrich data points, while maintaining full transparency & override capability. The result is one continuous KYC/KYB straight-through process, replacing dozens of disconnected tasks.
Key features:
- Audit-ready due diligence
- Automated KYB
- AI-powered Agents
Founded: 2012
Subsectors: Cloud Banking Software, Loan Origination, Digital Banking, Risk Management, Compliance, AI
Regions of Operations: Global
Who does it serve: Financial services, Gambling, Corporates, Professional services, Insurance, Commercial banking
What it does: nCino provides a cloud-banking platform that modernises onboarding, lending, and compliance management for financial institutions worldwide. The nCino platform unifies customer data, credit workflows, and document management into a single digital ecosystem. It automates KYC verification, loan origination, and regulatory reporting to speed up processing and improve transparency. Using AI and predictive analytics, nCino enhances decision-making and portfolio management while ensuring compliance with local and international banking standards. Trusted by over 1,800 financial institutions, the platform supports commercial, small business, and retail banking in more than 20 countries. nCino’s integrated approach reduces operational costs, strengthens governance, and enables end-to-end digital transformation, allowing banks to deliver faster, more customer-focused financial services.
Its KYC Checks solution offers automated KYB checks to comply with regulatory requirements and reduce the risk of non-compliance. Leveraging data on over 365 million entities that spans over 160 countries, the solution empowers a client to navigate corporate structures, including major companies with over 2,000 connections. Clients can find, screen and verify the UBO of a client, including their credit, risk and historical information, with continuous monitoring to ensure they are always up to date.
Key features:
- Comprehensive corporate verification
- Global coverage
- Configure checks based on policy
Founded: 2019
Subsectors: AML/KYC/KYB, Onboarding Verification, Transaction Monitoring, Customer Due Diligence, Reporting, Watchlist Screening, Adverse Media
Regions of Operations: Africa, United Kingdom, Switzerland, France
Who does it serve: Banks, FinTech, Insurance
What it does: RelyComply is an award-winning AML and KYC/KYB platform committed to combating financial crime through its AI and machine learning techniques to give fintechs, banks, and financial companies the flexibility and efficiency they need, exactly where they need it. With cutting-edge facial matching technology, fuzzy name matching capabilities, bias mitigation, outcome explainability and the ability to significantly reduce false positives in transaction monitoring, RelyComply speeds up financial crime detection processes, cuts manual reviews by 70%, and reduces compliance costs by 30%.
Key features:
- AI-powered document verification
- Configurable client risk assessments
- Customisable compliance strategies
Founded: 2011
Subsectors: Onboarding Verification, Risk Management, Reporting, Identification Background Checks, Compliance Management
Regions of Operations: United Kingdom, United States
Who does it serve: Insurance, Financial services, Accountancy, Legal, Property, Investment, Gaming, Digital assets, Banking,
What it does: SmartSearch is a distinctive digital Know Your Customer (KYC) solution offering identification, verification, screening, and monitoring via a user-friendly cloud-based platform. It uses real-time data from leading credit reference agencies such as Experian, Equifax, TransUnion, and LSEG Risk Intelligence. Screening and ongoing monitoring are supported by the Dow Jones Factiva Watchlist, which includes 1,100 sanctions and politically exposed person (PEP) watch lists. The platform employs facial recognition, biometric technology, and video evidence for remote checks, streamlining the onboarding process for clients and their customers.
SmartSearch delivers market-leading ‘pass or refer’ results in under two seconds and ensures immediate identification of any changes in risk. The service is customisable to meet specific business needs and risk profiles, with a unique batch upload service for retrospective checks on existing customer databases. The company has launched a ‘next generation platform’ featuring seven major enhancements, including configurability, triple bureau data, perpetual KYC, user management, automation, RESTful API functionality, and source of funds checks.
Key features:
- Three-step solution for AML and ant-fraud
- UBO Checks
- Dow Jones Watchlist
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