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BUSINESS VERIFICATION

MAKING BUSINESS VERIFICATION EASY

Improve verification speed and accuracy with greenID Business.

greenID Business enables your organisation to efficiently onboard business customers by automating checks that aid compliance with KYC, AML/CTF (Australia) and AML/CFT (New Zealand) requirements.

The electronic automation of the retrieval of business and beneficial ownership information from commercial registers, enables financial institutions to compile and verify data on complex business structures in one simple electronic record.

greenID Business key capabilities

  • Provides real time, privacy-compliant business verification
  • Verifies the business registration number, name, and key parties of interest– such as directors and shareholders
  • References a wide range of trusted data sources to verify business information, identity of the controllers and beneficiaries
  • Simplifies the audit process by displaying a single electronic record of the verification result
  • Ability to verify complex business entities including trusts, partnerships, companies and sole traders
  • Configurable verification rules for individuals to balance maximising match rates and ensuring compliance

greenID Business benefits

greenID Business ensures you are putting your business customers first by providing them with a seamless experience from the start of your relationship.

• Accelerates application processing for business accounts by providing real-time verification results
• Reduces manual workload, human error and operational costs
• Aids with compliance to AML & KYC requirements.

To discuss how greenID Business can help your business, get in touch here.