KYC & KYB Onboarding
Onboard customers and businesses fast, without lowering the bar
Onboarding is where risk enters the firm and where the customer forms their first impression — so it has to be both rigorous and quick. This programme composes identity verification, business and beneficial-ownership checks, screening and risk rating into one onboarding flow, so a customer or counterparty is verified, screened and risk-rated on entry, with every check recorded against a single record.
One programme, on one platform
Your compliance, risk and legal teams run the programme in OnyxOne, which composes the relevant modules onto one record and connects to the systems and data sources your deployment requires.
What this programme is, and why it matters
A solution is a programme, not a single tool — the outcome a set of platform capabilities add up to when they run on one record.
How onboarding, due diligence and review become a decided, evidenced outcome — with a defensible trail from first contact to closure.
Know who you are dealing with, on day one
Whether onboarding an individual (KYC) or a business (KYB), the programme captures and verifies identity, ownership and control information up front, so the relationship starts from a complete, evidenced picture rather than gaps filled in later.
Rigour without friction
Low-risk applicants clear through a streamlined path while higher-risk ones route into deeper checks — so genuine customers are not held up by controls designed for edge cases, and the effort lands where the risk is.
Beneficial ownership, unpacked
For businesses, the programme captures ownership and control structures and unwraps beneficial owners so you understand who ultimately stands behind a counterparty — the question supervisors expect a firm to be able to answer.
The record starts here
Every document, verification result, screening hit and rating captured at onboarding becomes the foundation of the customer's record — the same record diligence, monitoring and cases build on later.
What makes this hard today
The operational realities this programme is designed to resolve.
Manual, document-heavy checks
Identity and business verification collected over email and re-keyed into systems is slow, error-prone and impossible to audit cleanly.
Opaque ownership structures
Layered corporate structures make it hard to establish who ultimately owns and controls a business counterparty, and to keep that understanding current.
Drop-off from friction
Onboarding that applies the same heavy checks to everyone frustrates low-risk customers and loses good business at the front door.
Disconnected from the rest of the programme
When onboarding lives apart from screening and diligence, data is captured once and then re-collected downstream, and the risk picture fragments immediately.
Inconsistent evidence
Without a defined flow, what gets captured and verified varies by who did the onboarding — leaving uneven, hard-to-defend files.
The operating model, at a glance
How the composed programme runs — from the data it takes in to the decisions and evidence it produces.
Work is triaged, escalated when it matters, and recorded either way — every path lands on the audit trail.
Configure the onboarding flow
Define the KYC and KYB requirements, verification steps, screening and risk rating for each customer type, mapped to your policy.
Collect & verify
Capture identity, business and beneficial-ownership information and verify it against your identity and registry data sources.
Screen & rate
Screen the applicant and its owners against sanctions, PEP and adverse-media sources, and apply a risk rating on entry.
Route by risk
Clear low-risk applicants efficiently; route higher-risk ones into enhanced due diligence with approvals captured.
Open the record
Approve and open the relationship with a complete, evidenced record that diligence and monitoring build on.
The modules this solution composes
A solution is a curated set of platform modules working as one programme. Turn on what the programme needs and add more as it scales.
What the programme gives you
The concrete capabilities the composed programme provides, end to end.
Identity verification (KYC)
Capture and verify individual identity information against your configured identity-verification data sources, recorded against the customer record.
Business verification (KYB)
Verify business existence, registration and standing using your corporate-registry data services, with documents held against the record.
Beneficial-ownership discovery
Capture ownership and control structures and unwrap ultimate beneficial owners so you understand who stands behind a counterparty.
Onboarding screening
Screen applicants and their owners against sanctions, PEP and adverse-media sources before the relationship is opened.
Risk-based routing
Apply a risk rating on entry and route applicants into streamlined or enhanced paths accordingly, with approvals captured.
Evidenced approval
Record who approved an onboarding, on what evidence and under what conditions — a defensible file from the very first day.
The end-to-end workflow
A defined process with clear ownership at every stage, captured against the record it belongs to.
Every result, decision and override is captured against the record it belongs to.
Applicant applies
An individual or business begins onboarding, and the required information is requested for their customer type.
Collect & verify
Identity, business and ownership data are collected and verified against your data sources, with documents captured.
Unwrap ownership
For businesses, ownership and control structures are unpacked to establish ultimate beneficial owners.
Screen & rate
The applicant and owners are screened and a risk rating is applied on entry.
Route & review
Low-risk applicants clear; higher-risk ones route into enhanced due diligence with documented approval.
Open & preserve
The relationship is opened, and every check and decision is preserved on the record and in the audit trail.
Industries this programme serves
The sectors this programme is most often deployed in. The same programme, framed around each sector's obligations.
Works with your existing systems
Described as capabilities — OnyxOne connects to the systems the programme requires, configured per implementation.
- Integrates with the identity-verification providers configured for your deployment to verify individuals
- Connects to the corporate-registry and beneficial-ownership data services your deployment uses
- Screens applicants and owners against the sanctions, PEP and adverse-media providers you contract
- Writes verified customers back to your core and CRM systems so onboarding and downstream systems stay aligned
- Routes onboarding approvals and referrals through your existing email and messaging tools
Security & reporting
Security & data handling
- Identity documents and onboarding data are encrypted in transit and at rest.
- Access to sensitive onboarding information is role-based and restricted to authorised staff.
- Every verification result, screening hit, rating and approval is written to an append-only audit trail.
- Personal data is captured for a defined purpose and retained only as policy and law require.
- Data residency and retention are configurable to your jurisdiction and record-keeping obligations.
Reports & returns
- Onboarding throughput, clear-rate and time-to-open reports
- Verification and screening coverage at onboarding
- Risk-rating distribution of newly onboarded customers
- Beneficial-ownership completeness reporting
- Onboarding approvals and referrals for review
What your team gains
Faster, cleaner onboarding
A defined, data-driven flow removes re-keying and email chases, so good customers clear quickly and files are complete.
Ownership understood up front
Beneficial-ownership discovery answers the "who is behind this?" question on entry rather than under examination.
Less front-door drop-off
Risk-based routing keeps friction proportionate, so controls designed for edge cases don't cost you low-risk business.
A record you can build on
Everything captured at onboarding feeds diligence, monitoring and cases, so the risk picture is unified from the start.
Questions, answered
What is the difference between KYC and KYB here?
KYC verifies individuals; KYB verifies businesses, including their registration, standing and ultimate beneficial owners. Both run in the same onboarding flow, configured per customer type.
Does OnyxOne provide the identity data?
No. OnyxOne integrates with the identity-verification and corporate-registry data providers configured for your deployment. It orchestrates and records the checks; the data comes from the sources you contract.
Can it keep low-risk onboarding fast?
Yes. Risk-based routing clears low-risk applicants through a streamlined path and reserves deeper checks for higher-risk ones, so friction is proportionate to risk.
How does onboarding connect to the rest of our programme?
Everything captured at onboarding lands on the customer record that due diligence, ongoing monitoring and cases build on — so nothing is re-collected and the risk picture is unified from day one.
Are SOC 2 or ISO 27001 held?
Not yet. Both are on our roadmap; we will publish attestations in the Trust Center once they are held rather than claim them beforehand.
Stand up your KYC & KYB Onboarding programme
Book a walkthrough and we'll show how the composed programme fits your obligations, workflows and systems — then scope an implementation.