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# Experian Launches Know Your Business Solution to Help Businesses Comply with KYC Regulations
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London, UK - Experian, the leading global information services company, has today announced the launch of its Know Your Business (KYB) solution to help businesses comply with Know Your Customer (KYC) regulations.
## What is Know Your Business?
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The KYB solution uses multi-source data corroboration and key-party screening to verify the identity of a business and the people who own or control it. This ensures that businesses can meet regulatory requirements, protect themselves from financial crime, and maintain a good reputation.
### AML Flags: Analyzing Data Sources for Patterns and Trends
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The KYB solution also includes AML Flags, which analyze two data sources - Companies House and cashflow data - for patterns and trends that could indicate anomalous activities and potential financial crime.
## Streamlining Compliance with Digital Customer Onboarding
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Experian's Digital Customer Onboarding solution streamlines the compliance process by enabling customers to complete a series of automated steps, providing personal data, which is then authenticated by digital technology.
### PowerCurve Customer Acquisition Platform: Enhancing KYC Processes
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The PowerCurve Customer Acquisition platform enables businesses to consistently make one right lending decision after another, enhancing their KYC processes and ensuring compliance with regulatory requirements.
## Enhanced Due Diligence for Greater Scrutiny
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Experian's Enhanced Due Diligence (EDD) solution offers a greater level of scrutiny, flagging potential risks that would not necessarily be detected by standard customer due diligence. This helps businesses to deter financial crime and better serve their customers.
### KYC Regulations in Finance: A Guide to Compliance
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Experian's KYC Regulations in Finance guide provides a comprehensive overview of the regulatory requirements for businesses operating in the financial sector, including JMLSG and AML6D.
## Automated KYC Solution for Efficient and Effective Compliance
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Experian's Automated KYC solution offers an efficient, effective, and accurate alternative to manual KYC checks, proactively monitoring portfolios for financial risk and reducing costs by over 50%.
### Learn More about Experian's KYC Identity Services APIs
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Experian's Developer Portal provides access to its KYC Identity Services APIs, offering tutorials, API catalogues, and information on how to acquire and integrate data.
## Contact Us
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To discuss your business needs with an Experian expert, please fill in the form below:
[Insert contact form]
View our [Privacy Policy](insert link) for details on use and storage of your personal data.
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