Verifying businesses is more than just KYB.

With an average of 400K+ new business applications submitted every month, lenders are finding it increasingly difficult to know who they’re working with prior to forming a relationship. Having access to current and accurate business data is the key to quickly identifying legitimate businesses and reducing the risk of fraud.

Business Verification Solution from Equifax goes beyond basic checks with enriched data, confidence scoring, TIN match, OFAC screening, and a linked business analysis. Our solution empowers faster onboarding and supports Know Your Business (KYB) compliance—at scale, in near real time.

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Our robust verification process and assessment comes with a full report to help you make better decisions, faster.

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Here’s how it works:

Know your business.
Use the business verification indices and Digital Identity Trust to spot potential fraud. Then, review the company profile and public records to get a clear picture of the business you’re dealing with.

Ensure compliance.
Screen the business against OFAC lists and confirm the EIN status using IRS data to support full compliance with regulations.

Identify the owner.
Access owner/guarantor information, including address and tax ID matches. Review associated businesses to uncover any other entities linked to the owner or principal.

I can help you verify business entities and reduce risk fast! Contact me to get started or to find out more.