KYB and KYC Solutions for Banks

Ensure compliance and secure banking operations with a platform that verifies, screens, and onboards businesses from anywhere in the world 90% faster.
KYB and KYC Solutions for Banks
icebraker  and Vespia
Tele2 and Vespia
Keyrails and Vespia
Ellex Raidla  and Vespia
e-residency  and Vespia
Tired of lengthy onboarding processes?

Conduct Customer Onboarding in Minutes

Verify businesses by collecting data and filling grey areas across 300+ jurisdictions with a solution that integrates easily into your website and app.
Conduct customer onboarding in minutes
Ensure your bank stays transparent and compliant

Enable Your Business Customers to Run KYB and AML Checks

Vespia’s Widget allows your bank’s business customers to perform KYB/AML screening before sending and receiving payments.
Enable Your Business Customers to Run KYB and AML Checks
Simplified KYB Verification and Compliance for Banks

Simplified KYB Verification and Compliance for Banks

Learn how Vespia’s KYB Solution can strengthen and streamline your financial surveillance processes both on-premise and in the cloud.

What our customers say about Vespia

Vespia client Tele2
Vespia has made it easy to find out who you’re dealing with, no matter where they are established in the world. All the information you need to know is just a few clicks away.
Anna Pauliina Aavik
Anna Pauliina Aavik​​
Lawyer, Tele2 Estonia
Vespia client Clearbell
Vespia is bringing KYB and KYC into the modern world. With their help, we make sure that our compliance team fills in the data gap in a user-friendly way to simplify the process of staying AML compliant and please the regulators.
Sophie Burrows
Sophie Burrows
Investor Relations & CM, Clearbell
Kemit Kingdom SA Logo
Our experience with Vespia has been extraordinarily positive. Apart from their technological excellence and commitment to compliance, what truly sets them apart is the unparalleled support from their technical team.
Jean-Jacques Elong
CEO at Kemit Kingdom SA

How Does Vespia’s KYB Platform Work for Bank Providers?

A combination of KYB, KYC, and AML data are sorted and analyzed to ensure compliance with every transaction.
Business Data and UBO Discovery
AML Screening
Identity Verification
Onboarding Flow
Automatic Risk scoring
Real-time Monitoring
Reporting and audit trail
Business Data and UBO Discovery

Access Global Data on Business and Ownership

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    Scan commercially registered information in 30 seconds from over 300 jurisdictions.
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    Understand corporate hierarchies with original documents identifying UBOs, shareholders, directors, and more.
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    Monitor UBOs and stay updated with real-time alerts on changes in structures.
Enter the Business Name  and Country.
AML Screening and Monitoring

Automate AML Screening and Monitoring

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    All company entities are automatically screened for PEP, sanctions, and adverse media against 4,000+ lists.
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    Get notified with alerts and detailed reports on highlighted risk analysis and scoring while monitoring.
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    Vespia's smart filtering minimizes false positives.
Perform an automatic AML screening and Monitoring
Identity Verification

Verify Company Founders, UBOs, and Crypto Wallet Owners

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    Conduct regular KYC checks on the company's founders and UBOs, verifying client identities in moments.
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    Scan over 7,000 document types from more than 190 countries and territories.
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    Ensure users are present with Live Detection, which aks them to complete a quick task on camera.
Easily Perform KYC on Company Founders and UBOs
Onboarding Flow

Simplify Standard Onboarding Flows

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    Work with KYB and KYC templates for your jurisdiction
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    Customize steps, logic, and AML questions to suit varying risk levels and business requirements.
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    Gather information easily with a Whitelabel solution that integrates seamlessly into your website.
Replace lengthy AML questionnaires with Vespia’s Onboarding Flow
Automatic Risk scoring

Conduct Risk Scoring with Advanced Technology

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    Input your preferred risk matrix and rules, and let Vespia handle the rest.
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    Detect risks with technology that tracks major blockchains and assets.
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    Julia AI recommends how to enhance your current AML compliance procedures.
Automatic Risk Scoring with AI
Transaction Monitoring

Run KYB, KYC, and AML Monitoring for Real-Time Alerts

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    Instantly conduct KYB monitoring checks on business customers and get notified on any changes in their organization structure.
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    Conduct daily AML monitoring with PEP, sanction, and adverse media reviews.
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    Stay updated on KYC protocols with notifications on document validity.
Run KYB, KYC, and AML Monitoring for Timely Alerts
Reporting and audit trail

Access Reporting and Audit Trails

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    Detailed PDF reports.
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    Machine-readable reports.
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    Full audit trail for regulatory compliance.
Access Reporting and Audit Trails

Core Features

UBO Discovery

Identify UBOs, shareholders, and business structures effortlessly

Vespia’s Widget

Enable customers to run KYB/AML screening on businesses directly on your platform with Vespia’s widget.

Official Document Sources

Verify the legitimacy of submitted documents with access to over 7,000 document types from official sources in 190+ countries

KYB Monitoring

Periodically verify businesses based on risk profiles and other specifications you need

AI Compliance Officer

Get notified on changes to the business with real-time alerts

Automated Risk Scoring

Advanced technology allows you to assess business risks easily with a custom matrix and rules set by your bank

Real-Time Data

Unlock registered business information for 300+ jurisdictions

Unified Data Format

Access real-time  data for 80% of our  jurisdiction databases

Compliance Audit Trail

Conduct comprehensive screening with data from 4,000 lists for PEP,  sanctions, and adverse media

Global Business Verification

On-premise, private cloud, private cloud subscription or single tenant SaaS

Real-Time Data Reviews

Incorporation document verification with Julia AI

AML Screening

Reverify businesses depending on their risk as often as you need

White Label Onboarding

Customize onboarding based on your bank’s needs — modify onboarding steps, logic, and AML questions

Compliance Audit Trail

Streamline record-keeping with ready-to-present audit logs and trails for regulators

Multiple Deployment Options

On-premise, private cloud subscription, or single tenant SaaS

Integrate with Vespia API and SDK

No need to sacrifice your existing flow. Vespia is universally compatible.
1// RequestKybVerificationInput mutation
2
3mutation Mutation($input: RequestKybVerificationInput!) {
4  requestKybVerification(input: $input) {
5    id
6  }
7}
8
9{
10  "input": {
11    "name": "company_name",
12    "registrationCode": "registration_code",
13    "countryCode": "country_code"
14  }
15
1Authorization: Bearer $token
Easily integrate Vespia API into your existing system or admin CRM. Vespia Web SDK offers a ready onboarding flow with multiple templates.
Identify risks and make informed decisions

Run Risk Assessments Effortlessly

Vespia uses AI technology to create and analyze customer risk profiles to help you plan your next move.
Business Verification Services to Stay Compliant
Julia Ront Vespia CEO

Quick, Reliable, and Compliant Onboarding

Book a demo today to see how Vespia's KYB solution can automate client approval and speed up the process by 90%.


Frequently Asked Questions

What is KYB in banking?
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KYB (Know Your Business) refers to the process of identifying and verifying the legitimacy of a business or organization to manage risks for the bank and ensure Anti-Money Laundering (AML) compliance. The banking industry follows AML and Counter-Terrorist Financing (CTF) regulations to protect customers and financial institutions from financial crime.

What is the KYB compliance process?
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The KYB compliance process looks into verifying business information that includes: business registration, corporate structure, operational status, and Ultimate Beneficial Owner (UBO). To confirm the legitimacy of information submitted, banks must access business databases and review relevant documentation.

How does Vespia enable customers to verify businesses?
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Vespia provides a widget that can be integrated into your banking website or app. This tool enables customers to run background checks on businesses before making large transactions. Vespia’s system will cross-check business registries across 4,000+ databases and deliver a report to customers. This way, customers can ensure the transaction is legitimate before making any payment.

How does Vespia’s KYB solution streamline the verification process for banks?
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Vespia’s KYB solution is universally compatible with banking systems thanks to API and SDK integration. The platform can automate the full verification process with global databases using advanced technologies. Best of all, business customers can verify other businesses before pushing through with transactions. With Vespia, businesses are verified 90% faster, making the verification process a smoother and more pleasant experience for both bank and business.

What is KYB vs KYC?
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KYC looks into verifying individual customers while KYB takes a deeper dive into business entities to check for legitimacy, ownership structures, and the nature of their transactions.