Verifying the identity of the organisations you work with can be hard. So can meeting your reporting requirements to stakeholders. greenID Business automates identity checks enabling your organisation to onboard businesses and begin transacting immediately. It helps compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations in A/NZ, along with Australia's Know Your Customer (KYC) requirements.
greenID Business automates the retrieval of business and beneficial ownership information from commercial registers. This allows financial institutions to compile and verify data on complex business structures in one electronic record.
Real-time verification speeds up the processing of applications for business accounts, while still complying with AML and KYC requirements.
greenID's information security management system has been certified to ISO 27001 in Australia.
greenID Business uses trusted data sources to verify business information. This includes verifying the identity of business controllers and beneficiaries. It verifies the business registration name and key parties of interest, such as directors and shareholders. It can also verify complex business entities including trusts, partnerships, companies and sole traders.
You can configure greenID Business verification rules to maximise match rates while maintaining compliance.
Get in touch to learn how greenID Business can help your organisation verify business customers, boost conversion and stay compliant.