Personator Identity - KYB Feature Release

Business Verification is now available within Personator Identity and will include the ability to match businesses, addresses, and business IDs around the world.

• We are integrating KYB (Know Your Business) for select countries. KYB helps to identify and verify businesses for any current and future B2B relationships.

What is KYB?

Criminal intent has been prevalent throughout business history, which is why KYB and anti-money laundering (AML) are very relevant practices. Before entering into any Business-to-Business relationship, companies need to ensure they are working with a legitimate business partner. It is important for organizations not to establish links with fake or unlawful entities.

KYB allows users to verify the legitimacy of the entities that they are working with, making sure that relationships are built with legitimate businesses around the world.

Main Goals

• Allows users to verify Businesses for any current and future B2B relationships
• Allows users to verify Businesses with official government sources in multiple countries
• Verify Company, Address, Business ID
• Enrich Business information for select countries 

Fields

KYB finds matches for the company’s Business ID and address information based upon the address provided by the user. These matches are:

1. Address Lines
2. Premises Number
3. Sub Premises
4. Thoroughfare
5. Locality
6. Postal Code
7. Administrative Area
8. Country
9. Organization Name
10. Business ID 

Data Sources

KYB can match to the following data sources internationally:

1. Business Registry
2. Court Records
3. Tax Registry
4. Regulatory Body
5. Commercial Directory

Example: 

Thank you for your attention to this update! If you have any questions or concerns, please contact Tech Support at tech@melissa.com or call 1 (800) 800-6245 x4.

Thanks,

The Melissa Team