KYB Compliance & Due Diligence Use Cases
-
KYC/KYV
Detailed checks on identity and legal ownership for customers/clients (KYC), vendors (KYV), partners, other counterparties -
Regulatory Compliance
Conduct due diligence on companies to better assess and manage regulatory, legal, and reputational risk -
Broad Application
Applicable to a range of industries, including banking, investment services, CRE & capital leasing, fintech, lending, procurement, general grading
Challenges & Solutions
| CHALLENGES WITH EXISTING SOLUTIONS | BQ SOLUTION |
|---|---|
| Inactive records | Active companies |
| Shut-downs are hard to detect | Inferred from IRS & DOL filings |
| Duplicate records | Unique companies |
| From ownership and location issues | From EIN and DOL records |
| Inaccurate industry | Accurate industry |
| Derived from statistical models & surveys | Self-reported in IRS and DOL filings |
| Inaccurate employment | Precise employment |
| Derived from statistical models & surveys | Self-reported in IRS and DOL filings |
| Inaccurate financials | IRS financials |
| Derived from statistical models & surveys | Financials based on IRS audit procedures |
Features
BQ Does it Better
Accurate, Audited & Verified Company Data leads to better compliance, business identity and certification
Business Entity Verification
- Address validated with USPS
- Business registration Verification with government agencies
- EIN to verify identity
- Industry classification from IRS
- Officers & directors of business Entity
- Related entities such as subsidiaries, parents, tickers
Firmographics & Financials Validation
- Headcount from DOL
- IRS financials including revenue and total assets
BQ Differentiators
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Government Data Sources Only
Reported and certified by only government agencies; no surveys, web scraping; article capture -
Timely
Updated monthly; not intermittent or disparate data reporting -
Complete Entity Population
All active US based companies 40 MM vs. partial private company lists -
Most In-Depth Company Views
- Employment & payroll
- Core financials
- ESG benefits
- Growth factors
- Company identifiers
ABC
• Accuracy: Derived from govt. filings, including IRS, Dept. of Labor, and over 80K state and local agencies
• Breadth: 360-degree view of the business, including firmographics, ownership, legal status, KYC checks,
detailed financials, executives, contacts, branches / locations
• Coverage: All companies & owners in the U.S. tracked (74 million companies, 97 million legal entities, 229
million contacts, 64 million emails, 60 million phones)
