How KUBE 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.
