Business verification without the ShareFile-and-spreadsheet marathon.
Registry lookups, UBO identification, document collection, e-signature, sanctions screening, ongoing monitoring — orchestrated in one visual workflow. Examiner-ready audit trail on every decision.
Built for sponsor banks, PayFacs, BaaS platforms, and growth-stage fintechs
What is KYB automation?
KYB automation orchestrates the 5–15 checks that make up a business verification — registry lookups, UBO identification, document collection, sanctions screening, e-signature, ongoing monitoring — across multiple data providers and jurisdictions, in one auditable workflow. Instead of a 30-hour manual process across ShareFile, email, spreadsheets, and vendor dashboards, a KYB decision becomes a structured execution with evidence preserved at every step.
KYB is significantly harder than KYC. A single business verification can span 5–15 separate checks across multiple providers, jurisdictions, and data sources. Most teams either build fragile custom integrations for each source or settle for a single KYB vendor that has poor coverage outside a handful of countries. Sponsor banks typically run the entire process in spreadsheets and ShareFile — at 30+ hours per merchant application.
FinQub turns KYB into a composable workflow. Registry lookups via Middesk or Dun & Bradstreet. UBO identification with corporate-tree resolution. Document collection with e-signature via DocuSign. Sanctions screening via ComplyAdvantage. Enhanced due diligence triggered by configurable risk rules. Every step logged to a hash-chained audit trail. Annual re-verification on a schedule, not a fire drill.
One KYB workflow. Six coordinated steps.
Built-in branching for entity type, jurisdiction, and risk tier. Every step logs to a tamper-evident audit trail tagged by regulatory framework.
Entity verification
Registry lookups per jurisdiction — Companies House (UK), Secretary of State (US), local EU registries. Automatic cross-referencing of entity status, incorporation date, address, and officers.
UBO identification & KYC
Corporate-tree resolution to 25% ownership threshold. For each beneficial owner, spawn a full KYC sub-workflow. Aggregate results; only advance when all UBOs verify.
Document collection
Configurable document checklists by entity type (LLC vs PLC vs partnership) and jurisdiction. Automatic vendor routing for OCR (articles of incorporation, proof of address, financial statements).
E-signature orchestration
Consent forms, declarations, and agreements routed through DocuSign (or your e-signature vendor). Completion events flow back into the workflow automatically — no manual reconciliation.
Screening & EDD
PEP and sanctions screening across providers (Dow Jones, ComplyAdvantage), adverse media, and configurable EDD triggers — shareholder in FATF grey-list country, PEP match above 0.6, turnover above threshold.
Ongoing monitoring
Scheduled re-verification (quarterly, annually, event-driven). Change detection: only surface new directors, ownership changes, new PEP matches — not raw re-screens. Staggered annual reviews to avoid month-end pileups.
When the examiner asks, is it one screen or a fire drill?
Since 2023, the OCC, FDIC, and Federal Reserve have issued 7+ enforcement actions against sponsor banks for inadequate fintech partner oversight. The specific failure pattern is always the same: the bank can't produce a coherent audit trail of its KYB decisions fast enough.
Most banks run partner onboarding across ShareFile, SharePoint, email, and 3–5 vendor dashboards — at 30+ hours per application and with annual re-verification batched in one terrifying month. When an examiner asks for the complete KYB file for a specific partner as of a specific date, the answer takes weeks to assemble.
FinQub reduces that to a single export. Every registry lookup, every document upload, every UBO verification, every screening result, every decision and its rationale — logged in order, tagged by regulatory framework, hash-chained for integrity, queryable by partner, date range, and decision type.
FinQub provides evidence infrastructure. Compliance determination remains your responsibility, informed by your auditors and regulators.
Frequently asked questions
Stop building your orchestration layer. Start running on it.
Let's talk about what FinQub looks like for your stack — which tools you're running, where the pain is, and how quickly you can eliminate it.
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