Core Product Deep Dive

What it is: This is our core business verification engine. It validates a company’s details directly against authoritative registries worldwide, including ABN/ACN in Australia. It confirms the business name, incorporation status, and registration identifiers. Key Benefits:

• Ensure Counterparties are Legitimate: Validate data against official sources to reduce the risk of fraud.
• Simplify Compliance Checks: Automate registry lookups to streamline your due diligence process. Mapped to API: This information is found within the organization.details object, specifically in the registrationDetails array, which includes fields like registeredName, registrationNumber, and status.

What it is: This feature identifies directors, shareholders, and Ultimate Beneficial Owners (UBOs) to uncover who truly controls a business. It allows you to build transparent ownership structures across jurisdictions. Key Benefits:

• Reveal Hidden Ownership: Reduce exposure to shell companies and complex ownership structures.
• Strengthen AML/CTF Compliance: Meet FATF requirements for identifying beneficial owners.
• Gain Visibility for Due Diligence: Identify key individuals who may require further screening (e.g., PEP or sanctions checks). Mapped to API: Ownership data is structured within the organization object: officials: An array listing directors and other key roles. shareholders: An array detailing direct shareholders. ultimateBeneficialOwners: An array identifying the UBOs as determined by the configured ownership policy. linkedIndividuals: Contains the full entity details for individuals linked to the organization.

What it is: This feature screens businesses and their associated individuals against thousands of global watchlists, including Sanctions lists, Politically Exposed Persons (PEPs), and Adverse Media from reputable global sources. Key Benefits:

• Detect High-Risk Counterparties: Identify potential risks before entering into a business relationship.
• Support Global Compliance: Ensure you meet screening requirements across multiple jurisdictions.
• Automate Alerts: Configure ongoing monitoring to be alerted to any changes in a customer’s status. Mapped to API: This is performed during workflow execution. Results are returned as Process-Result-Object instances with class: AML. The supplementaryData object for these results contains detailed match information, including pepData, sanctionData, and mediaData.

What it is: The Risk Assessment engine assigns a customisable risk score to each business entity. It analyses multiple data points in real-time, such as the business’s jurisdiction, industry, and ownership complexity, to produce a holistic risk profile based on your configured rules. Key Benefits:

• Focus Resources on High-Risk Entities: Build workflows that align with your risk appetite.
• Improve Decision-Making: Use structured, comparable scoring to automate and streamline your review process.
• Auditable Compliance: Provides a clear, data-driven trail explaining why an entity was assigned a specific risk level. Mapped to API: The workflowResult of an execution contains a riskAssessment object. This includes the overall riskScore and riskLevel (e.g., LOW, MEDIUM, HIGH), as well as a breakdown of the riskFactors that contributed to the score.

What it is: This feature allows you to continuously track changes related to a business’s registration status, ownership structure, or other key risk indicators over time. You receive alerts when key details shift, ensuring continuous compliance throughout the business lifecycle. Key Benefits:

• Maintain Up-to-Date Due Diligence: Reduce the risk of missing critical changes that impact compliance.
• Support Regulatory Obligations: Fulfill requirements for ongoing monitoring without manual effort.
• Proactive Risk Management: Be alerted when a supplier or customer changes ownership to a sanctioned or high-risk entity. Common Use Cases: For businesses that want to stay up to date with changes to their customers, or who want to eliminate costly refresh processes and introduce a real-time, as needed, customer maintenance cycle.

What it is: A FrankieOne capability that extracts and analyses trust structures during KYB. It ingests trust deeds, extracts key fields, normalises party roles (trustee, beneficiary, settlor, appointor, protector), and assembles an audit-ready view for compliance teams. Key Benefits:

• Faster Reviews: Convert unstructured deeds into structured data to reduce manual review time and training effort.
• Enable Automation: With structured output and consistent results it enables greater automation of complex KYB processes.
• Complete Picture: Resolve KYB in one place with FrankieOne through coverage of complex entity types alongside standard KYB verification and indepth KYC and fraud tools. Common Use Cases: Onboarding complex entities like trusts or entities that involve trusts in a scaleable, fast manner that reduces operational and training costs.