30%

of firms spend 31-40% of their compliance budget meeting KYC obligations
(Fenergo)

28%

of firms still carry out 41-60% of KYC tasks manually
(Fenergo)

$12m

Estimated annual saving financial institutions can make by improving KYC processes and systems
(Consult Hyperion)

Features 1 (3-column)

Value you can count on

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Enhanced risk management

Data access through APIs enables you to promptly identify and assess potential risks associated with your customers.

Reduced costs

Automation can save costs by reducing the need for manual data entry and verification.

Streamlined workflows

APIs can be integrated into existing compliance systems and workflows, streamlining processes.

Improved customer experience

With real-time data access, you can provide a better customer experience by reducing the time it takes to onboard new customers.

With FullCircl, onboarding forms were completed 3x faster than if they had been completed internally, and the credit risk spreading process was 5x faster.

Katie Ives
Head of Digital Onboarding
Features

FullCircl KYC & KYB Capabilities

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Ongoing monitoring

Receive alerts when specific events are detected that could impact a customer’s risk profile.

Seamless integration

Integrate APIs into your existing systems, such as CRM software, streamlining the KYB process.

Adverse Media

Proactively monitor for negative or adverse information, allowing you to take immediate action and mitigate potential compliance breaches.

Data enrichment

Enrich existing business data with information from external sources, providing a more comprehensive view of your customers.

Key Features

CRM Integration
Adverse Media

PEPs & Sanctions
Data Change Alerts

Perpetual KYC & KYB
Perpetual KYC/KYB Capabilities

Single verification is a process of the past

Perpetual KYC & KYB delivers a totally new approach. It continuously monitors customers, reduces risk whilst optimising compliance resources, reduces remediation costs, and maintains trust.

How FullCircl Helps 

Ongoing monitoring

Receive alerts when specific events are detected that could impact a customer's risk profile.

Seamless integration

Integrate APIs into your existing systems, such as CRM software, streamlining the KYB and IDV process.

PEPs, sanctions, & adverse media

Proactively monitor for global PEPs, sanctions lists, and adverse media, allowing to take immediate action and mitigate potential compliance breaches.

Data enrichment

Enrich existing business data with information from external sources, providing a more comprehensive view of your customers.

Perpetual KYC/KYB Capabilities

One-stop-platform for due diligence

Our W2 by FullCircl platform is designed to include all the checks you need for comprehensive Customer Due Diligence through a single access point.

How FullCircl Helps 

Know Your Customer (KYC) software

Reduce drop-offs and satisfy customer due diligence with automated, real-time KYC checks and plug-in to 30+ data services including Credit Reference Agencies (CRAs), electoral data, telco, and failover and waterfall functionality.

Anti-Money Laundering (AML) software

Automate AML checks with a real-time risk database and SaaS or API based approach to combat money laundering and terrorist financing.

Fraud prevention tools

Proactively detect fraud to safeguard intellectual property, save money, and avoid reputational damage.

Document verification with facial comparison

Authenticate customers globally with biometrics powered document verification, providing your customers with a frictionless, faster onboarding journey.

KYC KYB Due Diligence

Country coverage

Our identity verification services encompass data from around the globe. Wherever you plan to grow your business, rest assured FullCircl has you covered.
246
countries & territories
365m
entities
99.9%
uptime
300m
checks per month
6000+
documents supported
2.3bn
API calls annually

Move from periodical account reviews to perpetual KYB

Experience FullCircl's capabilities first hand. Sign up for a demo today and see how FullCircl empowers your business to attract ideal customers, streamline onboarding, and foster lasting relationships.

Features 4

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Accordion2

Learn about Perpetual KYB

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Feel free to ask us questions at hello@client-first.com

What is Perpetual KYB?

Perpetual Know Your Business (KYB) is an ongoing process of verifying and monitoring the business information on customers and partners. It ensures that a company's data is continuously up to date, reducing risks associated with outdated information. A typical KYB check would provide financial information, shareholder structure, credit rating, and general information on a business to provide a holistic picture of a customer.

Why is Perpetual KYB important?

Perpetual KYB is crucial for maintaining regulatory compliance, reducing fraud risks, and ensuring a company's business relationships remain trustworthy. It helps prevent financial and reputational damage by providing the information required to ensure a customer is suitable to have a working relationship with.

How does Perpetual KYB differ from traditional KYB?

Traditional KYB is a one-time verification process which provides information on a business in that moment in time, whereas perpetual KYB is continuous, ensuring that a company's business data remains accurate throughout the business relationship.

Can Perpetual KYB help prevent fraud?

By continuousy monitoring business data, perpetual KYB can detect suspicious changes or inconsistencies, helping to identify changes and potential fraud, which allows businesses to take timely preventative actions.

How often should Perpetual KYB be conducted?

The frequency of updates varies based on your business needs and regulations. It's advisable to conduct updates regularly and to find a system which allows you to categorise screening frequency based on potential risk.

Is Perpetual KYB mandatory for businesses?

While not mandatory in all industries or geographical locations, Perpetual KYB is becoming increasingly important for all B2B businesses to implement. The risk of fraud and financial crime is higher than ever, Perpetual KYB not only helps comply with regulation but is a vital step is establishing a business relationship to prevent reputational damage and risk of infiltration.