FB pixel

Cellbunq includes complex UBO structure support on KYB platform

Cellbunq includes complex UBO structure support on KYB platform
 

Cellbunq, a KYB software maker, has announced the expansion of its artificial intelligence (AI) platform to support complex ultimate beneficial ownership (UBO) structures. The company says this development will provide businesses with data on difficult-to-obtain UBO financial structures.

A UBO is someone who is the end beneficiary in a transaction that a financial institution initiates.

Cellbunq claims its AI platform allows for onboarding of businesses and individuals and selection of services. It also provides global coverage.

The expansion of the AI platform is important in helping businesses identify ownership structures, executives say. The new function will enable companies to create clearer and more-understandable graphs showing the ultimate beneficial owners of entities.

The goal is to make it as easier for businesses to understand who they are dealing with, says Cellbunq.

The AI platform’s expanded capabilities allow for a more-thorough analysis, helping to identify red flags, executives note.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

The UK’s election may spell out the future of its national ID cards

Identity cards are back among the UK’s top controversial topics – thanks to the upcoming elections and its focus on…

 

Challenges in face biometrics addressed with new tech and research amid high stakes

Big biometrics contracts and deals were the theme of several of the stories on that drew the most interest from…

 

Online age verification debates continue in Canada, EU, India

Introducing age verification to protect children online remains a hot topic across the globe: Canada is debating the Online Harms…

 

Login.gov adds selfie biometrics for May pilot

America’s single-sign on system for government benefits and services, Login.gov, is getting a face biometrics option for enhanced identity verification…

 

BIPA one step closer to seeing its first major change since 2008 inception

On Thursday, a bipartisan majority in the Illinois Senate approved the first major change to Illinois Biometric Information Privacy Act…

 

Identity verification industry mulls solutions to flood of synthetic IDs

The advent of AI-powered generators such as OnlyFake, which creates realistic-looking photos of fake IDs for only US$15, has stirred…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events