KNOW YOUR BUSINESS
Know Your Business Simplified
Here are the three steps to verify your business. We make the process quick and as seamless as possible.
Input the business name to quickly search across all authoritative government registries in Canada. Our matching and enhanced analysis of search results ensures the most relevant potential match is identified.
RegHub returns real time authoritative information from government sources about the business so you can verify the integrity of the data used for onboarding. Our navigation features ease the identification of the correct match when dealing with large result data sets. Dynamic pop-ups further assist to identify Home Jurisdictions and Extra Provincially registered businesses.
Order the full report that provides the detailed documentary evidence of the business: including addresses, directors, officers, notices filed, statuses etc. This document is required to satisfy your KYB regulatory requirements. RegHub will also highlight updates/changes on subsequent orders to quickly surface material changes to action according to your internal policies.
RegHub Know Your Business
Know your Business (“KYB”) is a verification standard that determines the legitimacy of the business and its ownership structure. Know your business verification is also an ongoing due diligence process involving scheduled audit checks to monitor changes.
RegHub has fully automated the KYB process, including matching, scoring, and retrieving results. We analyze diverse data elements to efficiently source and process large volumes of KYB data using advanced automation techniques.
Our KYB Competitive Advantage
Fast Response Times
Available real-time 24/7. Delivering results in seconds not hours/days. 100% automated processing. No manual backend workflow supporting retrieval or manual manipulation.
Normalized Results
Our results provide consistent formatting and ease of readability across all jurisdictions.
Matched Identification
We have built an enhanced analysis algorithm which applies heuristics and business logic to compare search criteria with the search results. This industry leading capability ensures the most relevant potential matches are clearly identified.
Compliance with Regulatory Requirements
Instantly access buisness data and authoritative government sourced documents. The business entity and the directors and offices will be checked against global watchlists to ensure compliance with AML regulations.
Record Keeping
RegHub Portal will keep the official records of all business entity information that can be accessed at any time to support compliance and audits.
Processing Options
API, RegHub Portal, Batch all supported. View our API on GitHub.
Ongoing Monitoring
Set a schedule for recurring report retrievals and be presented with a summary of all changes. RegHub's change reports simplify your compliance process.
Architecture Strong
Cloud Native architecture leveraging the latest toolsets. No restrictions on batch volumes, processing times and support our registry intelligence automation.
How RegHub Solves KYB Challenges
There are 3 main challenges that organizations face today: time, client experience and cost. RegHub solves these challenges by applying automation, integrating real-time monitoring, and improving data accuracy.
RegHub is able to adapt to these evolving regulatory requirements. Use RegHub today to ease your path to compliance.
1. Time
KYB processes are frequently time-consuming due to the extensive research, data collection, and manual effort involved. These obligations are magnified by the requirement for ongoing monitoring to detect changes in a business’s legal or financial status—an area that is often neglected or inconsistently managed. The need for periodic revalidation of business information makes the current solutions even more cumbersome and inefficient over time.
2. Client Experience
If the KYB process is slow, cumbersome, or unreliable, clients may become frustrated. When manual systems are in place, matching business data with available reports is prone to inaccuracies. This impacts the overall efficiency of the system, and clients could feel that the process is inefficient, which might lead them to seek faster, more reliable alternatives.
3. Cost
The financial implications of poor or slow KYB verification are significant. Time delays lead to a loss in opportunities, inaccurate results may result in compliance risks, and failing to detect fraudulent businesses can cause legal and financial penalties. The overall cost—both in terms of operational efficiency and in risk management—can add up quickly. This creates a substantial burden on companies trying to balance regulatory compliance with profitability.