Callcredit Information Group has launched a KYC for Business in association with leading online company information provider, DueDil.
The enhanced checking service offers clients the ability to undertake business and individual identity and verification checks in real-time which will ensure that they satisfy KYC requirements without affecting the customer journey.
Enhanced due diligence checks are necessary when undertaking financial transactions with other businesses. Organisations need to ensure that they are not only familiar with that business and any related companies but also that they have performed the correct checks on any directors and beneficiaries of that business.
The Callcredit-DueDil KYC for Business service will be available via a single application programming interface (API) where a client can feed the information directly into its own systems, or via a browser for remote viewing. Depending on their requirements, clients can use both parts of the service together or individually.
According to Alan Golob, Data Solutions Director at Callcredit Information Group, advancements in regulatory requirements have caused many businesses to reassess their processes and checks, and this solution fulfils that need.
Damian Kimmelman, CEO of DueDil, added that compliance is not only a regulatory requirement but is at the core of every resilient business and can only be achieved with a true and comprehensive profile of your customers. Clients of the new service will be able to make KYC checks in a simple, automated way through a platform which is underpinned by one of Europe’s largest company information sources.