An All-in-One, End-to-End Solution
Between the solutions offered by ZignSec and Web Shield, you’re looking at a world-leading, all-in-one, end-to-end solution for KYB onboarding. With agnostic solutions, best-of-breed technology, proven workflows, automated procedures, and unparalleled machine learning and AI, we’re giving your business unparalleled research and background information, the tools for financial security, and perhaps most importantly, much needed peace of mind.
While there are multiple important steps in the onboarding experience, a key step in the KYB journey is to successfully identify so-called UBOs, which stands for Ultimate Beneficial Owners. This is generally any individual holding at least 25% of a company’s shares and identifying all UBOs is essential to avoiding sophisticated fraudsters and criminal operators. While this can be a daunting and complicated task, in particular for multinational companies and international players, we have multiple solutions, such as Web Shield UBOReveal and a team of compliance professionals that does the job for you.
This integrated module of Web Shield’s InvestiGate onboarding hub uses a four-step process: It begins with the retrieval of key documents, like shareholder papers and other information from company registers. With this information, our experts then identify shareholders and their connected share values. If any of the shareholders is a corporate entity, our team will retrieve additional documentation until they get to the very bottom of the complete ownership structure. Once this is done, all findings and documentation are compiled into a single report for your convenience.
Once you have this information, a regular KYC (Know Your Customer) check of each shareholder should be performed, so that you have an even more well-rounded and holistic idea of who you’re dealing with. For this, ZignSec offers a marketplace of compliance solutions and can provide your business with a plethora of different tools to use for your convenience, including online ID verification, PEP & Sanction screening, and register checks. These KYC solutions are 100% automatic, offer technical flexibility, real-time results, easy implementation, user-friendly features, and a global coverage.
But most importantly – ZignSec and WebShield can offer you an all-in-one, end-to-end KYB onboarding experience, with nothing but the latest tools and highest-regarded team members.