KYB

Introduction to FrankieOne & KYB

Discover the fundamentals of Know Your Business (KYB) and see how FrankieOne’s unified platform empowers you to build trust, ensure compliance, and create seamless onboarding experiences for your business customers.

The Cornerstone of Digital Trust

In today’s global and digital economy, establishing trust is paramount. Know Your Business (KYB) is the foundational process that enables organizations to verify the legitimacy of the companies they engage with, ensuring they are dealing with real, trustworthy entities. It is a critical framework for preventing corporate fraud, reducing exposure to financial crime, and creating lasting, trusted business relationships.

Know Your Business (KYB) is the process of verifying and validating a business entity before entering into a financial or commercial relationship. It involves confirming the company’s registration, ownership structure, and overall legitimacy. A crucial part of KYB also includes identifying and verifying the key individuals who own or control the business, known as beneficial owners, ensuring full visibility of both the entity and the people behind it.

A robust KYB strategy is a competitive advantage that protects your business, your customers, and your reputation. Its importance extends far beyond simple compliance.

  • Mitigate Corporate Fraud: Uncover shell companies and fraudulent structures to protect your organization from financial and reputational harm.
  • Navigate Global Regulations: Confidently meet requirements from AUSTRAC, FATF, FINCEN, and other global regulators.
  • Meet AML/CTF Obligations: Ensure the businesses you engage with are not used as conduits for illegal activity.
  • Build and Maintain Customer Trust: Demonstrating a strong commitment to security and compliance shows customers that you are a professional and trustworthy organization.

The KYB process can be broken down into three essential stages that create a comprehensive compliance framework.

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1. Business Identification

Confirm core entity information, such as registered name, incorporation details, and business identifiers (e.g., ABN/ACN in Australia).

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2. UBO Verification

Identify and verify ultimate beneficial owners (UBOs) to ensure real ownership is disclosed, eliminating the risk of hidden or proxy structures.

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3. Risk Assessment & Screening

Evaluate the business based on jurisdiction, industry, and structure. Screen both the entity and its associated individuals against sanctions, PEP lists, and adverse media.

How FrankieOne Delivers a Unified Solution

FrankieOne replaces complexity with a single, intelligent platform. We provide the infrastructure to connect to global business registries and compliance tools through one API and one unified back-office portal.

  • Effortless Global Onboarding: Integrate once and gain access to business registries and corporate data across multiple jurisdictions.
  • Automated and Risk-Based Workflows: Automate data collection and verification to eliminate manual errors and accelerate onboarding. Configure dynamic, risk-based workflows that automatically escalate high-risk entities for enhanced due diligence.
  • Always-On Compliance: FrankieOne is a fully managed solution that stays current with the latest regulatory requirements, significantly reducing your compliance burden.

Our Unified KYB Product Suite

FrankieOne offers a comprehensive suite of products designed to work together, providing complete coverage across the entire KYB and fraud prevention lifecycle.

Business Registration Verification
Rapidly validate entity details against authoritative sources worldwide.
UBO Discovery & Ownership Mapping
Identify directors, shareholders, and ultimate beneficial owners to ensure complete visibility.
Watchlist & Sanctions Screening
Screen businesses and associated individuals against global watchlists, PEP lists, and adverse media.
Corporate Risk Assessment
Evaluate risk holistically by considering jurisdiction, industry, and ownership structure.
Ready to Get Started?

FrankieOne’s team of compliance and integration experts are ready to help you design and deploy a world-class KYB solution. Contact us today or dive into our Core Product Deep Dive to learn more.