Verified corporate data for efficient KYC
Verified AML-related business data at your fingertips, integrated in your bank’s processes & IT systems.
How 
works
1. Company enters business data
Companies that start a commercial relationship with your bank, enter their data in your online onboarding environment.
2. Compliance officer verifies & validates the KYC data
Your bank’s compliance officer receives the data and verifies every field according to commonly agreed verification rules.
3. KYC data and verification shared on kube
The KYC dataset and the verification status of each individual data field is available on kube for other banks to use as long as they are authorised by the company to do so.
4. Connected kube banks can use data
Banks that are connected to kube and start a commercial relationship with a company already on kube can use the KYC data and the verification status of each field. In case of KYC renewal, the updated data is also shared between banks.
Advantages for your bank
Trust through cooperation
kube is based on a trusted cooperation with a rulebook agreed upon by all kube members.
Governance body
kube is an open platform in which banks have to adhere to governance rules. Your bank is a member of a governance body that guards kube’s future.
Higher compliance
kube conforms to GDPR by design, is AML compliant, vetted by external audit, and provides full auditability of all transactions.
Easy integration
APIs and their documentation are available to facilitate back-end & front-end integration in your bank’s own systems.
Business privacy
Banks are unaware of the company’s other business relationships without authorisation of that company.
Higher efficiency
Less errors means less rework and reduced costs to remain compliant. Instead of duplication effort you get mutualisation effort.
Future proof
kube is extensible: new external data sources and partner offerings can be added.
KYC cost proportionality
As a bank, you receive compensation for your KYC verification effort.
More commercial time
Less time spent on KYC and AML checks means you can spend more time talking business with your customers.
kube for businesses
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