Fraud gets in
Shell companies, synthetic businesses, and fronts pass a rubber-stamp review, then use the platform to move money or defraud its customers.
Business Verification (KYB)
Verify businesses and their owners at scale through automated onboarding
Incode KYB (Know Your Business) verifies a business and its ultimate beneficial owners (UBOs) in one automated flow, checking registration, addresses, ownership, and watchlists in seconds.
The challenge
A weak business check fails in three directions at once
Before onboarding a business (a marketplace seller, a merchant, a borrower, a partner) you have to prove it's a real, legitimate entity and know who actually owns it.
Legacy KYB is manual, slow, and patchy: analysts dig through registries, untangle ownership structures by hand, and reconcile mismatched names one at a time.
Compliance exposure piles up
- FinCEN's Customer Due Diligence rule requires verified business and beneficial-owner data
- The INFORM Consumers Act requires marketplaces to verify high-volume sellers
- The EU's DAC7 requires platforms to collect, verify, and report seller data
Gaps mean fines and enforcement.
Growth stalls
Manual review is slow and rejects legitimate businesses over name mismatches, so onboarding drags and good customers drop off before they transact.
$3B
TD Bank's record 2024 BSA/AML penalty, for failures that included customer-due-diligence gaps ($1.3B imposed by FinCEN)
DOJ / FinCEN / OCC, 2024
$53K+
maximum penalty per violation under the INFORM Consumers Act, stacked across every unverified high-volume seller
FTC and state attorneys general
€900K
maximum DAC7 penalty in the Netherlands for a platform intentionally avoiding seller reporting, plus daily fines
DAC7 enforcement, Netherlands
How it works
From the entity to its owners in one automated flow
Why Incode
Reduce fraud, increase business growth
How Incode KYB tackles your biggest verification challenges.
Accuracy
Higher match rates
Proprietary fuzzy matching clears the name and data mismatches that make legacy tools reject legitimate businesses, so more good customers get through.
Speed
Fully automated, in seconds
100% automation with no manual review delivers about a four-second average verification and up to 11x faster onboarding, replacing costly 30-minute manual reviews.
Compliance
Built for compliance
Aligned to FinCEN CDD, the INFORM Consumers Act, DAC7, and IRS TIN verification, with watchlist screening and auditable results.
Scale
Unlock global reach
Verify businesses instantly across markets: 100% of IRS-registered US businesses plus 190+ countries and territories worldwide, with KYC and deepfake-resistant biometrics on the UBOs through Deepsight.
Use cases
Empower secure and compliant growth across industries
From traditional banking to crypto, Incode KYB reviews UBOs and business entities in seconds, reducing the risk of fraud.
Marketplaces
Verify sellers before they list, protecting buyers and marketplace integrity, and meet INFORM Act seller-verification duties.
Online banking
Verify business clients and beneficial owners to meet KYC, KYB, and AML rules across payments, credit, and investments.
Online payments
Verify merchant identities to reduce chargebacks and fraud, and monitor activity linked to business accounts.
Crypto services
Meet evolving KYC and AML requirements for crypto by verifying business entities, and detect suspicious accounts to reduce money-laundering risk.
Partner and payee verification
Verify the businesses and creators you pay or work with, for fraud prevention and tax compliance (1099, DAC7).
Methods
The checks behind every business verification
Every verification runs the same automated checks.
Check tax ID numbers
Validate Tax Identification Numbers (TINs) and Employer Identification Numbers (EINs), including alternative name possibilities.
Screen watchlists
Check against government-sanctioned watchlists, including the U.S. Office of Foreign Assets Control (OFAC).
Match people and UBOs
Identify Ultimate Beneficial Owners (UBOs) and understand which people are associated with each business.
Identify shell companies
Flag potential shell companies by cross-referencing against known lists, identifying suspicious registrations, and uncovering hidden beneficial ownership.
Flag inconsistent information
Automatically cross-check information for discrepancies in names, addresses, dates, or other key identifiers.
Check for news or adverse media
Scour news sources, regulatory databases, and sanction lists for negative information associated with a business entity.
Delivery
Two ways to run KYB
KYB Verification
Submit business-identifying inputs (tax ID, legal name, address, UBO or director names) and Incode verifies their accuracy and association with the business against official registries, with light enrichment. Live in 20 countries worldwide and growing.
KYB Pre-fill
Submit only a tax ID and business name and Incode returns verified data from authoritative registries (legal name, registered address, entity type, and UBOs where available), plus match results when you also provide name or address. Live in Mexico, with the US, UK, UAE, KSA, India, and Australia rolling out.
Verified proof
A leading global marketplace verifies third-party sellers at scale
Under the INFORM Act, online marketplaces must verify high-volume third-party sellers. Incode KYB automates entity and UBO verification so sellers clear onboarding in seconds rather than through manual review.
~4 sec
average business verification
11x
faster onboarding
100%
automated, with no manual review
20
countries live for KYB Verification, and growing
What's the difference between KYB and KYC?
KYC (Know Your Customer) verifies a person. KYB (Know Your Business) verifies a business and the people who ultimately own it, the ultimate beneficial owners (UBOs). Incode does both in one flow, clearing the entity and running full identity and biometric checks on the humans behind it when you need them.
How fast is a business verification?
Fully automated in seconds: about a four-second average, with no manual review, versus the days of analyst work legacy KYB takes.
Which regulations does KYB verification help us meet?
FinCEN CDD and beneficial-ownership rules, the INFORM Consumers Act for marketplace sellers, the EU's DAC7, IRS TIN verification, and FATF standards, with sanctions, PEP, and adverse-media screening and auditable results.
What do you check the business against?
Incode checks the business against authoritative and global registries plus IRS-registered data, confirming registration, EIN/TIN, status, address, and directors, with proprietary fuzzy matching to clear the name mismatches that stall legacy tools.
What is UBO verification, and do you screen the owners?
Incode identifies the ultimate beneficial owners (typically 25% or more ownership) and screens the business and its owners against sanctions, PEP, and adverse-media lists, and can step up to full KYC and biometrics on those owners.
Why do other tools reject legitimate businesses, and do you fix that?
Legacy KYB rejects good businesses over name and data mismatches. Incode's proprietary fuzzy matching clears those, raising match rates and approvals.
Do you keep monitoring after onboarding?
Yes. Ongoing monitoring tracks changes in ownership, registration, and sanctions so the customer stays compliant.
Can you verify businesses outside the US?
Yes. KYB Verification is live in 20 countries worldwide and growing, across North and South America, Europe, the Middle East, Africa, and Asia.
What if we only have a tax ID and company name?
Use KYB Pre-fill: submit just the tax ID and business name and Incode returns verified data from authoritative registries (legal name, registered address, entity type, and UBOs where available), plus match results when you also provide name or address.
Can we verify the business and the people in one flow?
Yes. One flow covers the entity and its owners, so you don't stitch together separate KYB and KYC vendors.
What's next
Know the business behind the account
See how Incode KYB verifies any business, and everyone who owns it, in seconds.