Latest news with #businessverification
Khaleej Times
11-07-2025
- Business
- Khaleej Times
UAE's banking evolution accelerates with Signzy solutions
Paper-based business verification is killing your conversion rates. Learn how UAE banks use Signzy to approve customers instantly At Signzy, a global RegTech company, we work with banks and financial institutions across the world every day. With over 1400+ clients globally and 340+ financial institutions using our platform, we're processing 10 million+ business onboardings monthly at a 99% success rate. But the UAE presents a unique challenge. It's become a melting pot of global businesses - companies from 190+ nationalities are rushing to establish operations here. While this creates incredible opportunities for the banking sector, it also brings unprecedented onboarding complexity. For banks to work with any business, they must figure out tedious onboarding processes with almost impossible lengths of documentation and underwriting. The more complex the business structure, the more complex the onboarding becomes. And guess what? Delay in onboarding = Delay in business = Loss of revenue. Even data backs this equation. Before we bring up the solution, let's first understand how inefficient onboarding slows down digital banking in the first place. Why business onboarding lags behind digital banking UAE banks have transformed how banking works. Payments happen instantly. Risk gets managed automatically. Credit decisions happen in real-time. But business onboarding operates differently. The complexity factor: When a UAE customer sends money, it's straightforward. When a business applies for an account, you need to understand their entire global structure. The verification factor: Digital payments verify account numbers. Business onboarding verifies ownership chains that span multiple countries and legal systems. The compliance factor: A payment transaction follows clear rules. Business onboarding must navigate different regulatory frameworks for each country involved. The documentation factor: Digital banking processes structured data. Business applications come with documents in different languages, formats, and legal requirements. When businesses from other countries want to establish UAE operations, each brings unique structural complexity that standard digital processes weren't designed to handle. This is where specialised digital onboarding becomes essential, taking the efficiency of digital banking and applying it to the complexity of international business verification. How Signzy bridges the gap Signzy is solving this exact problem. We built our digital onboarding solution specifically for UAE and Middle East banks - not some generic global platform, but something that actually understands how business works here. Think about it: Your digital banking works perfectly for payments and risk management. Why should onboarding be different? With Signzy, you get: Set AI-powered custom rules - Every business is different, so our AI Rule Engine adapts gracefully to handle whatever complexity gets thrown at it 150+ data sources working instantly - We tap into official government databases, international registries, and global watchlists to verify any business structure in real-time Information on all business layers automatically - Our technology digs through complex ownership structures and maps every entity in real-time, no manual work needed Algorithmic risk intelligence to catch what humans miss - Our system analyses social media, news, court cases, and traditional sources to spot hidden connections and red flags automatically Sophisticated forgery detection built-in - Advanced image analysis catches fake documents, altered signatures, and manipulated business certificates before they fool your compliance team Proactive fraud detection, not reactive - Instead of discovering problems after onboarding, we identify suspicious patterns and risky entities before they enter your system A global standard onboarding - UAE and Middle East banks can deliver onboarding experiences that actually match what their international clients expect The difference is simple: instead of your team spending weeks trying to trace a UAE business back through Singapore, US, and European entities, our platform maps the entire structure in minutes. When you can verify any global business structure instantly, you can actually compete for the sophisticated clients flooding into UAE markets. Your compliance stays bulletproof, your customers get onboarded fast, and your team focuses on actual banking instead of playing detective with corporate documents. What this means for UAE banking Look at what's happening here. The UAE brought in $30 billion in foreign investment last year. Dubai business licenses are up 72% just month-over-month. Abu Dhabi's seeing 16% more registrations. That's a massive pile of new businesses that need bank accounts. Each one is potential revenue walking through your door. Each one that gets frustrated with your slow process walks right over to the bank down the street. "Global businesses are entering the UAE at an unprecedented pace. Banks are eager to onboard them, but manual processes create friction and risk. Signzy bridges this gap with a fast, compliant, and fully digital onboarding experience," said Arbaz Uddin, national manager at Signzy. Some banks here already figured this out. Guess who's getting all the good clients? Pretty soon, being able to onboard businesses quickly won't make you special. It'll just be what customers expect. Like having an ATM or a website. If you're ready to bring the same digital efficiency to business onboarding that you have with payments and operations - see how Signzy can help.
Yahoo
26-06-2025
- Business
- Yahoo
Socure Named a Top Provider in Liminal's Business and Entity Verification Report; Unveils Global Expansion of its Know Your Business Solution
Company continues to accelerate KYB innovation in response to the increased need for business verification across all industries INCLINE VILLAGE, Nev., June 26, 2025 /PRNewswire/ -- Socure, the leading platform for digital identity verification, compliance, and fraud prevention operating in over 190 countries, today announced it has been featured as a top industry leader in Liminal's recent Link Index: Business and Entity Verification (BEV) report. Market intelligence firm Liminal recognized Socure for its unique end-to-end Know Your Business (KYB)/Know Your Customer (KYC) solution, now available globally. "Socure's ranking in our recent report underscores its accelerated leadership in KYB innovation," said Will Charnley, Chief Operating Officer of Liminal. "We were particularly impressed with Socure's ability to provide an integrated BEV solution combining business verification, identity validation, and fraud prevention within a single API." According to Liminal's Link Index: Business and Entity Verification report, the Business Entity Verification (BEV) market is projected to grow from $2.1 billion in 2025 to $3.1 billion by 2029 (11.18% CAGR). The report evaluated 127 providers and identified 20 leaders based on product capability, strategy, and market presence, and highlighted Socure for its integrated KYB/KYC offering, AML risk scoring, Ultimate Beneficial Owner (UBO) identification, and government ID number verification capabilities. The report underlined several key differentiators that positioned Socure among the market leaders: AI-driven workflow customization allows organizations to tailor verification processes based on industry-specific requirements Intelligent waterfalling capabilities across multiple, global third-party data sources for enhanced accuracy Real-time compliance monitoring including Politically Exposed Persons (PEP) screening, sanctions monitoring, and adverse media detection Cross-jurisdictional verification and location intelligence capabilities Simplified procurement through consolidated contracting and bundled verification solutions Single API infrastructure integrating KYB, identity verification, and fraud prevention capabilities "Today's enterprises encounter significant pressure to swiftly onboard businesses while maneuvering through intricate regulatory landscapes and rising fraud risks," stated Johnny Ayers, CEO and founder of Socure. "Our RiskOS™ platform tackles these challenges by facilitating real-time KYB, UBO verification, sanctions screening, and document checks via a unified API. With enhanced onboarding speeds and adaptable risk workflows, Socure empowers organizations to drive growth while ensuring compliance and security. Being acknowledged by Liminal as a leading KYB provider is a compelling endorsement of our team's dedication to fostering trust in business onboarding." The report concluded: "Socure continues to expand through strategic acquisitions and partnerships, investing in fraud analytics, AI-driven decisions, and risk management to solidify its market leadership in KYB and identity verification. Ongoing workforce growth, particularly in AI-driven fraud detection and automation, reflects its commitment to product innovation and market expansion." Strategic Partnerships and Global Expansion to Address Critical Verification Challenges This momentum builds on the company's deep integration with KYB leader Middesk and comes just six months after Socure launched its groundbreaking RiskOS™ solution, underscoring the company's rapid progress in leading the consumer identity and business verification industries globally. Socure's proprietary Identity Graph connects hundreds of billions of identity data points to not only authenticate individual identities but also tie those identities to the business entities, identifying both direct applicants and UBOs in the onboarding process. Socure assists clients in requisition and validating the required ownership and controls information from business applicants, and can screen those entities and individuals. Now available in 190 countries, Socure is the only platform to truly offer a unified solution that combines comprehensive KYB and KYC capabilities, including identity verification, ownership structure analysis, risk assessment, sanctions and watchlist screening, and adverse media monitoring—enabling instant customer onboarding while drastically reducing fraud losses through automation. About SocureSocure is the leading platform for digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure's industry-leading platform achieves the highest accuracy, automation and capture rates in the industry. With the acquisition of Effectiv, Socure has launched its RiskOS™ platform to offer end-to-end decisioning and orchestration for identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform. Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 67 state and federal agencies, and more than 500+ fintechs. Leading organizations including Capital One, Uber, Angi, Citi, Chime, SoFi, Green Dot, Robinhood, Dave, Gusto, Poshmark, DraftKings, PrizePicks, the State of California and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at Learn more at View original content to download multimedia: SOURCE Socure
National Post
11-06-2025
- Business
- National Post
Trulioo Named a Market Leader in Liminal 'Link™ Index: Business and Entity Verification'
Article content VANCOUVER, British Columbia — Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced it has been named in the 2025 Liminal 'Link Index: Business and Entity Verification' (BEV) as a Leading Vendor, earning the honor for the second consecutive year. The BEV Index places Trulioo among the top providers globally and recognizes the company for its excellence in product performance, market leadership and strategic execution in business verification. Article content Liminal evaluated 127 verification vendors and identified 20 as market leaders, with Trulioo ranking third among those leaders. Trulioo earned top scores for its advanced, AI-driven risk detection, modular architecture and streamlined global integration. Liminal also recognized the Trulioo platform for enabling real-time business verification, reducing false positives by more than 50% and processing 99% of transactions in less than two seconds. Article content 'We're excited to recognize Trulioo for its strong leadership position in this year's Business and Entity Verification Index,' said Cameron D'Ambrosi, senior principal at Liminal. 'Business verification is a critical pillar of Anti-Money Laundering compliance and fraud prevention. The Trulioo platform stands out for its real-time processing, advanced fraud detection capabilities and broad global coverage, making it a strategic partner for financial institutions and enterprises looking to strengthen their business onboarding.' Article content As the BEV market continues to expand – from $2.1 billion in 2025 to a projected $3.1 billion by 2029, according to Liminal – organizations are accelerating investments in scalable, automated solutions to keep pace with evolving compliance mandates and sophisticated fraud threats. At the same time, Liminal found more than half of organizations are considering reducing their vendor stacks to improve efficiency and reduce complexity, fueling demand for integrated, end-to-end BEV platforms. Article content Trulioo is uniquely positioned to meet those demands. With deep local expertise and global coverage, the Trulioo identity platform unites documentary, nondocumentary and business verification through a single API. That enables global enterprises to strengthen security, improve conversion rates and meet compliance standards in any market. Article content 'Business verification is one of the biggest challenges in digital identity and commerce, and it's where we are changing the game,' said Zac Cohen, Trulioo chief product officer. 'As regulatory demands evolve and fraud grows more sophisticated, organizations need a business onboarding solution that is unified, intelligent and accelerates growth. Our next-generation technology helps enterprises everywhere verify businesses and ownership and determine risk with even greater speed, precision and confidence.' Article content About Trulioo: Article content Trulioo is the world's identity platform, trusted by leading companies for their verification and fraud prevention needs. Offering business and person verification across the globe, Trulioo covers 195 countries and can verify more than 14,000 ID documents and 700 million business entities while checking against more than 6,000 watchlists. Trulioo enables global companies to prevent fraud with hundreds of predictive risk signals, consortium data and industry-specific machine learning models. Its comprehensive suite of in-house capabilities, integrated across a single automated platform, powers customizable onboarding workflows tailored to meet any market requirement. Combining its state-of-the-art technology with expertise across diverse markets, Trulioo enables the highest verification assurance levels, optimizing onboarding costs and fostering trust in the global digital economy. Article content Article content Article content Article content Contacts Article content Media Contacts: Article content
