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KYB stands for Know Your Business. It refers to the process of identifying and assessing a company before establishing a business relationship. In banking and other regulated industries, KYB helps verify that a company is legitimate, understand its ownership and control structure, and assess potential financial crime or compliance risk.

KYC focuses on verifying individuals, while KYB focuses on verifying companies. KYB typically includes collecting and validating company registration details, management and representation information, ownership and beneficiaries, and business activity. In many cases, KYB also triggers KYC checks for individual owners or representatives as part of the same process.

KYB usually requires company identification details, management and representation data, ownership and beneficiary information, and a description of business activity. Depending on risk level and regulation, additional verification against official registries or trusted data sources may also be required.

KYB helps organizations understand who they are doing business with by mapping ownership structures, identifying controlling persons, and validating company information. This reduces exposure to fraud, shell companies, and regulatory violations, while creating a clear audit trail for compliance reviews.

Yes. KYB does not need to be the same for every business relationship. Identomat allows teams to start with structured data collection for low-risk cases and add verification steps when higher assurance is required, all within the same configurable workflow.

Yes. Identomat supports both KYC and KYB within a single platform. Businesses can collect and verify company information, trigger individual KYC for owners or representatives when needed, and manage all cases through one dashboard with consistent workflows, audit trails, and compliance controls.