Business Onboarding

Simple, Quick & Intelligent Onboarding

PiChain offers fully automated global business verification. Our KYB or business onboarding process assists in automatic retrieval of the details of potential customers/companies from worldwide government databases. By streamlining the workflows of Anti-Money Laundering (AML), Know Your Customer (KYC), Know Your Business (KYB) and Customer Due Diligence (CDD); firms can achieve great efficiency in their operations.

This product provides instantaneous electronic identity verification of all the individual customers uncovering the Ultimate Beneficial Ownership (UBO) structure. The ability of real-time identification and verification of the customer/company details helps in ruling out the possibilities of frauds. Also, it conducts a complete AML check of the business/company based on international watchlist sources.

PiChain’s global business verification process analyzes, verifies and provides business intelligence on several businesses across the world.

 Artificial Intelligence & Automation

Integration of various technologies such as Artificial Intelligence (AI), Optical Character Recognition (OCR) and Natural Language Processing (NLP) automates the business workflow thereby achieving smoother business onboarding. This technology replaces tedious manual documentation & verification processes into a seamless digital workflow.

Combining PiChain’s global business verification technology and Electronic Identity verification (eIDV), you can achieve instant verification of details of the business entity. Our technology helps your business to gain secure access to reliable data sources and perform watchlist checks. All of this can easily be achieved through single API integration.

Benefits

  • Real-time verification of company details across 75+ countries including 15+ high-risk countries
  • Access 1500+ government registers and public records
  • Covers business entities of all size
  • Minimizing fraud risk from forged documents
  • Access to official documents of the company
  • Transparency in verification results
  • Comprehensible business insights
  • Quick, frictionless and low-cost business onboarding
  • Elimination of manual identity checks
  • Customization of verification rules to maximize match rates
  • Advanced reports and metrics for performance monitoring
  • Tracking every business transaction for simplified auditing

Global business verification or business onboarding technology assists in achieving automation of compliance workflows & continuously updating regulatory changes focusing on key compliance considerations. Leveraging digital technology, this product minimizes manual front as well as back-office operations. Minimum human intervention ensures less manual errors and decreased risk of frauds in the digital onboarding.

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