Learn about the Under KYB integration and how this tool can enhance your Under experience.
Overview
This integration allows you to quickly run know your customer (KYC) or know your business (KYB) checks in order to verify that the customer or business you are dealing with is legitimate.
With a KYB, we validate the business based on the business name, address, ownership type, and the business’ tax identification number.
How to Setup Integration
The KYC and KYB integrations are available out of the box with your Under account. The integration can easily be toggled on/off completely in the Integrations page.
The KYB check can only be ran manually in the customer record page. This is different from the KYC check which is automatically ran after an application is submitted.
Both the KYC and KYB checks can be re-ran in the customer record page if needed after changes are made to customer information.
View/Run KYB in Under
In order to view detailed results from the KYC integration, follow these steps:
- Go to the Customers homepage, then select the customer where you would like to view and/or edit customer information.
- In the customer record, ensure that you have selected the Integrations tab.
- From the tiles of active integrations, select Under KYC/KYB.
- Ensure that KYB is selected, then click Run Integration to view integration results.
Validation Sources
For the KYB check, we utilize MidDesk which gets a complete and accurate view of your customers including entity names, officers, business addresses, TIN verification, and watchlist screening. Whether you're looking to onboard businesses for payment processing, issue lines of credit, or simply open a new commercial account, Middesk can help