TrueBiz helps fintechs onboard business accounts faster by automating the processing of documents & data for KYB
TrueBiz verifies business identity by combining the processing of company documents, together with searches in best-in-class data sources.
Financial services companies onboarding business accounts often revert to manual review because existing data sources can not provide a complete picture of the business.
As a result, companies often rely on the business to provide supporting documentation — which is then manually reviewed. During the process they might review:
The back and forth to capture the correct documents can go on for weeks. This slows down onboarding and creates a frustrating customer experience.
TrueBiz validates the different documents required for each step of the verification process. This is combined with searches in best-in-class data sources. This range of tools enables our clients to convert more customers, with less effort.
For our clients, this results in:
Our process takes seconds – not days, so Financial Institutions can efficiently meet Know Your Business requirements and onboard new businesses faster.
If you’re a fintech looking to optimize your business onboarding process, schedule a demo here.