Business Verification processes are under heightened focus from regulators. Know Your Business (KYB)
Fast track your KYB process from hours to minutes.
Know Your Business (KYB)
Verification of the business applicant helps better manage lender portfolio fraud and financial risk. It is also good compliance hygiene. FortifID business reports verify:
- Business identity and Tax ID
- Firmographic Details
- Public Records – Lien, Bankruptcy, Judgement
- OFAC Commercial Response
Understanding business financial details helps make robust credit decisions. FortifID business financial information sourced from major accounting platforms and bureaus provide you with quick access to normalized and analyzed financial data. Information includes:
- Summary attributes that include active_trades, credit_limit, inquires, delinquencies, charge_offs.
Accounting summary reports like default_ risk_scores, various financial statement analysis metrics.