AU10TIX launches Know Your Business (KYB) solution

TEL AVIV, Israel – Identity verification and management solution provider AU10TIX has launched an innovative Know Your Business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses.

The company said it combines KYB with Know Your Customer (KYC) processes so that the offering addresses every KYB business need, from sole traders to corporates, including KYC for UBOs and associated entities.

“Increasingly rigorous regulatory demands are forcing businesses across all sectors to collect and analyze more data about the identities of their partners and vendors,” AU10TIX wrote. “Companies must also ensure that they are not working with unscrupulous businesses involved in identity theft, fraud, money laundering, terrorist financing or other crimes. However, most available KYB solutions are limited in scope, forcing companies to engage with multiple vendors for KYC, forgery tests, serial fraud detection and other crucial capabilities.”

AU10TIX’s unified KYB and KYC solution provides a comprehensive check against 200+ jurisdictions and over 1000 government registries in one automated workflow. The new solution also provides full profiling and continuous monitoring, ensuring business integrity for compliance and risk management.

In addition to this new business offering, AU10TIX will also be addressing fraud through a joint webinar on Tuesday, March 5 at 11:00 am EST. AU10TIX and Frost & Sullivan will host an exclusive session on “Disrupting Fraud with AI: Actionable Insights to Effectively Combat Fraud.”

More information available at www.au10tix.com.