Question: Is there a trusted solution that can help me streamline KYC and KYB compliance processes for my business?

To make KYC and KYB compliance easier, Trulioo has an identity verification platform. It offers tools to verify identities, documents and businesses in 195+ countries and 14,000+ document types. With features like real-time identity document verification, global watchlist screening, and a workflow studio, Trulioo helps companies in banking, marketplaces and foreign exchange comply with regulations and cut fraud.

Another strong contender is Shufti Pro, which uses AI and machine learning to speed up and improve verification. It offers face verification, document verification, KYB and KYI, with the ability to work in more than 240 countries and more than 150 languages. Shufti Pro's platform is designed to help companies operating in international markets meet regulatory requirements and improve security by thwarting identity fraud.

IDology offers a global identity verification and document authentication platform that combines data, documents and biometrics to help companies meet regulatory requirements. It offers fraud protection, identity verification and KYC compliance solutions for companies in financial services, banking and health care. IDology has been around for more than two decades to ensure a smooth and secure onboarding process while meeting all compliance requirements.

For automated onboarding, Onfido offers an AI-based verification service. That includes features like a Smart Capture SDK, Global Verification Suite and Onfido Studio for orchestrating verification journeys. Onfido's Compliance Suite offers pre-built solutions for Europe and ensures global KYC and AML compliance, making it a good option for companies that want to onboard customers quickly and cut fraud risks.