FB pixel

GBG, Detected partner on automated biometric KYB checks

GBG, Detected partner on automated biometric KYB checks
 

In response to the challenges posed by time-consuming and manual intervention in traditional know your business (KYB) processes, GBG has collaborated with Detected to introduce GBG Detected, a comprehensive biometric KYB platform designed to automate many business verification procedures.

In addition to automation, the platform is designed to deliver cost savings and enhanced operational efficiency, the company says. By cutting down on the time required for onboarding new businesses and validating their credentials, the software minimizes the workload on compliance teams.

“By combining our extensive identity verification capabilities and global identity data and document ecosystem with Detected’s innovative technology, we not only address the complex challenges posed by KYB today but empower businesses to grow with confidence,” says Gus Tomlinson, chief product officer of GBG.

GBG states that GBG Detected can be integrated with an organization’s customer relationship management (CRM) platform.

The integrated solution leverages GBG identity verification capabilities to offer know your customer (KYC) checks for company directors and ultimate beneficial owners (UBOs), as well as grant access to a broad spectrum of identity verification data from multiple countries. Those capabilities include selfie biometrics and liveness detection, politically exposed persons (PEP) and sanctions checks.

“Together, we can provide businesses with the tools they need to navigate the complexities of modern regulatory landscapes while ensuring a seamless and efficient onboarding process,” says Liam Chennells, chief executive officer of Detected.

Similar software is offered by Sumsub, which recently expanded the data sources to improve the accuracy and data quality during the business verification process.

Related Posts

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

SITA wraps up acquisition of Materna IPS

SITA reports it has completed all necessary regulatory and legal procedures and finalized its acquisition of Materna IPS, a provider…

 

Payface lands new retail biometric payments deal in Brazil

Brazilian face biometrics payments startup Payface has clinched a deal with supermarket chain Ítalo. Ítalo Supermercados, based in the southern…

 

EU to fund digital programs with €108m, including digital identity

The European Union has issued a new call for funding within the Digital Europe Programme (DIGITAL), allocating over 108 million…

 

Lawmakers try again to kill diversion of TSA screening tech funds

Because of Washington partisan politics, the U.S. Transportation Security Administration (TSA) doesn’t expect to be able to field upgraded and…

 

Florida tosses mDL program into the Gulf

Florida’s mobile driver’s license has been shut down, making the state a rare case in the world of a place…

 

FBI biometric fingerprint lab gets a party on its 100th birthday

The Federal Bureau of Investigation (FBI) is celebrating the centennial of its fingerprint lab. A release from the agency says…

Comments

Leave a Reply

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

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events