ComplyAdvantage has solved one of the most common challenges facing growing companies - knowing exactly who it is they’re working with and whether it’s safe to do so. To address this long-standing problem ComplyAdvantage, the leader in financial crime intelligence, announces the launch of a new Know Your Business (KYB) solution.

In brief:

-It automates the process, making it faster and easier to manage risk exposure while growing the customer base

-KYB by ComplyAdvantage features a dynamic risk scoring feature that automates the risk management process whenever changes occur in a business customer's ownership, credit rating, trading amounts, or directorship/governance.

-KYB by ComplyAdvantage is currently available in the United States. Additional regions will be added in 2024.

What does this mean?

“Business accounts present a tremendous growth opportunity for most companies, but onboarding and monitoring them is hugely time-intensive and inefficient for their analysts. Our new KYB solution provides the data and insights our customers need to make informed decisions much faster and manage their risks more effectively,” said ComplyAdvantage Chief Product Officer Oliver Furniss.