Know Your Business (KYB) is a corporate due diligence process that verifies the identity, ownership structure, and business activities of an organisation before a financial services account is opened. KYB is a regulatory requirement for payment institutions and crypto-asset service providers operating under EU law. Fipto's KYB process involves the collection and verification of corporate registration documents, beneficial ownership information, identity verification for key personnel, and confirmation of the intended use of the platform and expected transaction flows.
