A company name on a contract proves very little on its own. ProntoID KYB establishes that the legal entity exists, who ultimately controls it, and that the individual signing for it is a verified person with the authority to do so — sealed into one tamper-evident attestation.
Most business onboarding stops at a registry lookup. That confirms a company was once registered. It does not tell you whether the entity is still active, who actually controls it, or whether the person filling in your form has any authority to commit it to anything.
Those three gaps are where corporate onboarding fraud lives — and where a supervisor, an auditor or a court will look first when something goes wrong. ProntoID KYB closes all three and leaves you with evidence that you did.
Six components, assembled into a single dated and sealed record of the due diligence performed.
Confirmation that the company exists as a registered legal person, is currently active rather than dissolved or struck off, and matches the name, registration number and address presented to you.
Examination of constitutional and registry documents — extracts, articles, certificates of incorporation and good standing — each referenced in the attestation by cryptographic hash rather than by filename.
Identification of the natural persons who ultimately own or control the entity, including ownership held through intermediate companies, with the declared structure recorded as part of the sealed record.
The individual acting for the company is verified through the same ProntoID pipeline used for KYC — document authenticity, MRZ parsing and biometric liveness — then bound to the entity as a named signer.
Sanctions, watchlist and politically-exposed-person screening across the entity and the individuals identified during verification, with each match or clearance recorded and dated in the attestation.
Corporate facts decay. Re-verification cycles produce a new sealed attestation that references the previous one, so you retain a dated history of what was true and when — nothing is overwritten.
You submit the company, or invite it to onboard itself through a hosted flow. ProntoID resolves the entity against its registry record and returns what is publicly established before any documents are requested.
The person acting for the company completes a ProntoID identity verification — document capture, MRZ parsing, biometric liveness and face match — establishing that a real, verified individual stands behind the submission.
Constitutional documents, registry extracts and the declared ownership structure are examined. Each document is hashed on receipt so the record refers to exact bytes, not to a file that could later be swapped.
The findings are canonicalised to RFC 8785, signed with a KMS-held P-256 key and written to an append-only ledger. You receive a verifiable attestation that can be checked independently of ProntoID.
Illustrative structure. Exact fields are agreed during onboarding.
Most verification services hand back a pass or fail. ProntoID hands back a structured record of exactly what was checked, against which documents, on what date, and by whom — cryptographically sealed so it can be relied upon later.
Onboard corporate customers with a documented, dated and tamper-evident record of the due diligence actually performed.
Establish that a seller is a real trading entity with a verified human behind it before granting them access to buyers.
Know exactly which legal entity you contracted with, and hold a defensible record of the checks you ran before doing so.
Confirm entity identity and control before funds move to a business account, and retain evidence of that confirmation.
Verify entities entering a distribution or reseller network, including the individuals authorised to sign on their behalf.
Provide the entity-verification layer beneath ProntoID Product Supplier Declarations, where a declaration is only as good as the identity of its declarant.
KYB is the foundation beneath sealed product declarations. A statement about origin, composition or certification only carries weight if the entity making it has been verified first — and cannot later deny having made it.
KYB (Know Your Business) is the process of verifying that a business counterparty is a real, active legal entity, establishing who ultimately owns and controls it, and confirming that the individual acting on its behalf is genuinely authorised to do so. It is the corporate counterpart to KYC, which verifies natural persons.
KYC establishes that a natural person is who they claim to be. KYB establishes that a legal entity exists, is active, and that a specific verified person has authority to bind it. ProntoID KYB combines both: the entity is verified against its registry record, and the representative is verified through the same document and biometric liveness pipeline used for ProntoID KYC.
A beneficial owner is the natural person who ultimately owns or controls a legal entity, directly or through a chain of intermediate companies. Identifying beneficial owners is a core requirement of EU anti-money-laundering law and of most supplier and merchant due-diligence frameworks, because corporate structures can otherwise be used to obscure who is actually behind a transaction.
A KYB attestation records the verified legal entity, its registration identifiers, the documents examined referenced by cryptographic hash, the identity-verified representative, the checks performed and their outcomes, and the date of verification. It is canonicalised to RFC 8785, signed with a KMS-held P-256 key and written to an append-only ledger, so any later alteration is detectable.
Corporate records change: directors resign, ownership is transferred, companies are struck off. A KYB attestation is a statement about a specific point in time and carries its verification date. Where ongoing assurance is required, ProntoID supports periodic re-verification, with each cycle producing a new sealed attestation that references the previous one rather than overwriting it.
Yes. KYB is designed to support onboarding across regulated financial relationships, marketplace and platform seller onboarding, and supply-chain due diligence. It is also the entity-verification layer beneath ProntoID Product Supplier Declarations, where a declaration is only meaningful if the entity making it has been verified first.
Registry coverage, available data fields and document requirements vary considerably between jurisdictions. ProntoID confirms available coverage and the specific checks that can be performed for your target markets during onboarding, rather than implying uniform global coverage where none exists.
Talk to us about registry coverage, screening scope and attestation formats for your target markets.
Swiss-operated · Designed to support GDPR · Independently verifiable output