Forrester Publishes Report on Know-Your-Business (KYB) Requirements
1 report, 1 independent
Updated Oct 22
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What happened
Forrester Research published a report titled Key Requirements For Know-Your-Business (KYB) Solutions. Regula, a developer of identity verification solutions, contributed its industry expertise to the report, having been interviewed alongside five other companies. The report outlines various checks necessary for KYB processes, including company registration records, corporate documents, and identity verification of owners and directors.
Why it matters
KYB practices are essential for banks, financial institutions, and other service providers to verify companies before onboarding them and to monitor risks throughout the business relationship. The report stresses that monitoring must be ongoing, as ownership structures and risk profiles can change over time.
Who's involved
- ForresterPublished the report on Know-Your-Business (KYB) solutions