What is KYB Data? Definition, Uses and Examples
What is KYB Data
KYB, or Know Your Business, data refers to information that enables businesses to verify and authenticate the identities and details of their commercial counterparts. This data encompasses various aspects such as business registration details, ownership information, financial standing, and other relevant identifiers. KYB data plays a crucial role in risk management, regulatory compliance, and building trust in business transactions, ensuring that organizations have accurate and up-to-date insights into the entities they engage with, fostering secure and transparent business relationships.
Best KYB Data Databases & Datasets
Here is Datarade's curated selection of top KYB Data. These trusted databases and datasets offer high-quality, up-to-date information.
Opoint | Global Adverse Media Data from the World's most comprehensive Web News Aggregator | News Data / KYC Data / KYB Data
CRIF: Company Data / KYB Data / Business Information Report / Credit Risk Report / Private Company Screening / 15 Years Coverage - Indonesia
Opoint | Global KYB Data from the World's most comprehensive Web News Aggregator | News Data / Adverse Media Data / KYC Data
HitHorizons | Company Data API | 80M+ Companies | 50 European Countries | 100+ Data Points | Monthly Updated | GDPR-Compliant
CRIF: Company Registry Data / Business Information Report / KYB Data / Financial Data / Litigation Data / Insurance Data / Import Export - Philippines
Opoint | Global KYC Data from the World's most comprehensive Web News Aggregator | News Data / Adverse Media Data / KYB Data
HitHorizons | Address Data | API | CSV | JSON | 80M+ Companies | 50 European Countries | Data Enrichment | GDPR-Compliant | Monthly Updated
API4ALL: Company & KYC, KYB Data, Access in Real Time
KYB Data Explained
Use Cases Explained
KYB (Know Your Business) data finds application across diverse sectors, serving as a cornerstone for enhancing due diligence, risk management, and regulatory compliance. In the financial industry, KYB data is instrumental in validating the identities of corporate clients, ensuring adherence to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. In e-commerce, KYB is employed to authenticate the legitimacy of suppliers and partners, mitigating fraud and safeguarding transactions. It is also pivotal in supply chain management, aiding companies in assessing the credibility and financial stability of their business counterparts. Additionally, KYB data is utilized in the insurance sector for underwriting decisions and in various industries to establish trustworthy collaborations, contributing to a more secure and reliable business ecosystem.
Examples of KYB Data
Know Your Business (KYB) data encompasses a range of information that helps verify and authenticate the identity of a business entity. Some examples of KYB data include:
1. Business Registration Information: Details such as legal business name, registration number, and incorporation date.
2. Ownership Information: Information about the company’s owners, directors, and key executives.
3. Address Verification: Physical and mailing addresses associated with the business.
4. Financial Information: Data related to the financial health of the business, including revenue, credit history, and financial statements.
5. Industry Codes and Classifications: Classification codes such as Standard Industrial Classification (SIC) or North American Industry Classification System (NAICS) that categorize the type of business.
6. Tax ID Numbers: Identification numbers assigned by tax authorities to the business for tax purposes.
7. Regulatory Compliance Status: Information on whether the business complies with relevant regulations and licensing requirements.
8. Beneficial Ownership Information: Details about individuals who ultimately own or control a legal entity.
9. Litigation History: Records of legal actions or disputes involving the business.
10. Operational Details: Information about the nature of the business, its products or services, and its operational history.
These examples collectively contribute to a comprehensive KYB profile, enabling organizations to assess the legitimacy and credibility of their business partners and mitigate risks associated with transactions and collaborations.
Frequently Asked Questions
Where can I buy KYB Data?
Data providers and vendors listed on Datarade sell KYB Data products and samples. Popular KYB Data products and datasets available on our platform are Opoint | Global Adverse Media Data from the World’s most comprehensive Web News Aggregator | News Data / KYC Data / KYB Data by Opoint, Global Company Data (KYB, Registration details) by Infocredit Group, and CRIF: Company Data / KYB Data / Business Information Report / Credit Risk Report / Private Company Screening / 15 Years Coverage - Indonesia by CRIF Asia.
How can I get KYB Data?
You can get KYB Data via a range of delivery methods - the right one for you depends on your use case. For example, historical KYB Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time KYB Data APIs, feeds and streams to download the most up-to-date intelligence.