W2, leading provider of regulatory compliance software, today announces a major enhancement to their global Know Your Business (KYB) solution.
The enhancements made to the solution enables instant access to KYB for companies in more countries worldwide, providing company information for over 365 million entities in over 160 countries.
Performing due diligence on business customers before they are onboarded saves clients reputational damage and resources by ensuring they only work with legitimate businesses, as well as meeting regulatory requirements.
The API integration for KYB has also been updated to ensure that clients are able to access results quicker than ever before and removes as much reliance for manual intervention when trying to access results for overseas clients.
Rachel Rawlings, Head of Product at W2 commented “We are delighted to be rolling out this product update. Many of our clients and prospects have a requirement to comply with AML directive and needed the ability to screen businesses globally. Whilst the previous iteration of KYB was designed to provide the data required, the enhancements we have made enables clients to do so on a larger scale and more efficiently than before, with minimal impact on the customer journey.”
The enhanced service is now live via API and W2’s online portal. Contact us here to arrange a demonstration.
About W2
W2 has access to leading data and service providers ensuring that up to date and reliable information is available via a single access point; enabling businesses to satisfy regulatory requirements and make reliable informed decisions about customers.
W2 provide Know Your Customer (KYC), Anti-money laundering (AML), ID Verification through a single access point. W2 provides the right solution on a global scale, for both onboarding and monitoring. W2 offer the most customer focused compliance solution available, allowing active management of risk.
W2’s mission is simple; complexity should never be a barrier to business.
