Business Onboarding Scope
Business Onboarding demo
Explore the Socure Business Onboarding experience in this interactive demo.
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Socure + ZenCap Financial
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Onboarding
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Welcome
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We use Socure, a consumer and business identity verification platform to securely collect your information.
Business Onboarding
Monitoring events
Load Device Intelligence SDK
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<script
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defer src="https://sdk.dv.socure.io/latest/device-risk-sdk.js"
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data-public-key="SDKKey">
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</script>
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<script>
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SigmaDeviceManager.getSessionToken().then((sessionToken) => {
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// Logic to store this sessionToken
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})
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</script>
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Global coverage
The Business Onboarding solution is available in over 190 countries via RiskOS™ and our KYB Partners. Country coverage varies by Partner, so be sure to check Geographic Coverage to ensure you have the geographic coverage you need.
KYB Partners
| Partner | Coverage |
|---|---|
| Baselayer | US only |
| Coris | US and International |
| FIS BizChex | US only |
| Kyckr | US and International |
| Markaaz | US and International |
| Middesk | US only |
| OpenCorporates | US and International |
| Thomson Reuters CLEAR | US only |
Industries it fits
- Financial services: Reduced friction onboarding, account opening, CIP compliance
- E-Commerce: Merchant onboarding, fraud mitigation
- Healthcare: Provider and vendor verification
- Government: Registration, program eligibility checks
Business and operational outcomes
1. For compliance and risk teams
- Stay compliant with due diligence requirements by easily verifying business entities and UBOs.
- Transparent risk assessments via reason codes and enriched identity data.
- Key insights into business activities and risk via industry classifications, adverse media, website analysis, bankruptcies, liens, and more.
2. For growth and onboarding teams
- Faster onboarding: Use a single API to verify both business and UBO data at the same time to minimize onboarding abandonment.
- Higher conversions: Reduce friction while keeping fraud, risk and compliance checks in place.
- Configurable orchestration: Trigger only the verification steps that are needed.
3. For support and operations
- Fewer manual reviews: Reduce escalations with stronger automated signals.
- Faster resolutions: Business Onboarding delivers verified data upfront for agents.
- Visibility and control: Track approvals, reviews, and declines across workflows.
Performance considerations
- Fast responses: Verify businesses and individuals fast- in many times under a second in production environments.
- Always available: 99.99%+ uptime with U.S. data coverage.
- Built for scale: Handles millions of Business Onboarding checks per day, in real time.
- Adaptive orchestration: Conditional routing ensures only the right enrichments and steps are applied.
Boundary conditions
- US and 190 Countries: Business Onboarding can verify businesses and individuals worldwide.
- Input requirements: Business information (business name, address, tax ID) and associated individuals information (first/last name, SSN, address, DOB, and email) and Digital Intelligence (DI) session token.
- Coverage limitations: Data coverage differs among Partners. Choosing the right Partners for your use case is important.
- Entitlements and flags: Business Onboarding requires proper provisioning and feature flag configuration.
Updated about 2 months ago