Solve KYC compliance long-term
To all compliance teams – we got you! Our solution for digital identity proofing enables you to obtain the required set of personal data needed for ID verification fully compliant with KYC, KYB and AML regulations.

Advantages for your business
Legal liability is on us
Outsource your customer verification with us. Eliminate fraud with a qualified trust service solution used by hundreds of organizations internationally.
User-friendly
Effortless process for the end customer – less steps of fill manually, no mistakes in personal data as it is automatically populated in the required fields.
Superb experience
80% of customers have had a bad experience with traditional KYC processes. Digitalization saves time, helps prevent fraud, and brings higher satisfaction levels.
KYC and KYB: how it works
Using best-in-class technology, data attributes are extracted from a valid ID document via OCR or NFC and checked against a primary source where available. We perform complete background expert checks on all verified profiles and ensure personal data is valid. For organizations we verify company data attributes, ownership structure and split, representation power and ultimate beneficial owners – all these fully extracted by primary source.

Success stories
See why 300 blue chip organizations and over a million active users in the mobile application rely on Evrotrust:
- Financial services
- Public services
- Telecom
- Education
Financial services
Public services
Telecom
Education
FAQ
- What are KYC and KYB?
- Why are KYC and KYB compliance important to businesses?
- What steps does the complete KYC/KYB process include?
- How does Evrotrust verify identities for KYC/KYB purposes?
- What information do we collect in the KYC and KYB processes?
- What are the potential issues with KYC/KYB noncompliance?
- What are the benefits of using Evrotrust for KYC and KYB compliance?
What are KYC and KYB?
These two terms stand for “know your customer” and “know your business,” respectively. They refer to the practices of businesses and organizations collecting basic information about their customers in order to be able to provide products or services to them.
Why are KYC and KYB compliance important to businesses?
Verifying the identity of a customer, whether it be an individual or a company, is required by anti-money laundering (AML) regulations. It is done to prevent suspicious activity and ensure the customer or business is legally allowed to use the product or service offered.
For instance, politically exposed persons, people with suspected involvement in terrorist activity, or entities on sanctions lists cannot use financial services as per the regulatory requirements. This limit helps prevent money laundering or the funding of terrorism.
Without a thorough KYC process, you risk providing services to someone against the law. In turn, this makes your organization liable for serious regulatory violations.
What steps does the complete KYC/KYB process include?
Identity verification is a major component of the KYC/KYB procedure. However, there are a few additional steps in a well-rounded KYC or KYB policy.
In addition to identity and document verification, organizations need to also assess the risk level of the user or business, establish policies for continuous monitoring to prevent account fraud, and perform all due diligence maintaining an archive of records.
How does Evrotrust verify identities for KYC/KYB purposes?
Identity verification as part of know-your-business (KYB) and know-your-customer (KYC) involves a few steps.
First, we begin by asking the customer to provide valid proof of ID, which is scanned via NFC or OCR. We analyze the data obtained to look for their personal details.
Then, we verify this data with authoritative registries to confirm its validity. We also check if this is a high-risk person or organization (someone with suspected involvement in illegal activities or a politically exposed person).
The next step in verifying a customer’s identity is a biometric scan. We perform an AI-assisted liveness check to ensure the user matches the person in the ID document provided.
This data is further reviewed by our expert team before we clear the user and finalize the identity verification.
What information do we collect in the KYC and KYB processes?
We gather personally identifiable information such as name, date of birth, nationality, ID document number, date and country of issuance, date of expiry, photo, etc. These attributes are crucial for accurately identifying a person.
As for the KYB process, we check the company’s attributes, internal structure, beneficial owner information, and other details pertinent to identifying a business.
What are the potential issues with KYC/KYB noncompliance?
Without performing proper customer due diligence (CDD), your business may accidentally violate anti-money laundering legislation. Servicing criminals is a punishable offence and may result in hefty penalties, including prosecution.
As a result, all legitimate businesses must implement a customer identification program (CIP) to stay compliant.
What are the benefits of using Evrotrust for KYC and KYB compliance?
By using our KYC/KYB solution, you shift the legal liability for correctly identifying the customers from your organization to Evrotrust. Our company is an eIDAS-recognized eID scheme and bears full responsibility for identity verification.
Moreover, our solution is AML and CFT compliant. Thus, you do not need to invest in third-party AML certification.
Tackle all of your compliance needs with a single solution
Effortlessly comply with AML, KYC, and KYB policies with Evrotrust. The legal liability is on us.
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