AsiaVerify offers an AI-powered platform for real-time UBO, KYB, and KYC verification across Asia. It automates compliance and fraud mitigation by accessing authoritative government registry data, providing businesses with comprehensive entity visibility and streamlined onboarding.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses operating in Asia face significant challenges in verifying the identity and legitimacy of their partners and customers. This complexity arises from fragmented data sources, varying regulatory landscapes, and the difficulty in uncovering ultimate beneficial ownership, leading to increased fraud risk and compliance burdens.
Solution
AsiaVerify provides an AI-powered platform for real-time Ultimate Beneficial Owner (UBO), Know Your Business (KYB), and Know Your Customer (KYC) verification across Asia. By directly accessing authoritative government registry data, the platform automates compliance processes and mitigates fraud. This enables businesses to gain comprehensive visibility into entities, make informed risk-based decisions, and streamline onboarding and ongoing monitoring. The service offers translated reports and API integration for seamless workflow incorporation.
Target Audience
The primary customers are financial institutions, multinational corporations, and businesses engaged in cross-border trade and investment within the Asia-Pacific region that require robust due diligence and compliance solutions.
Features
- Real-time access to UBO, KYB, and KYC data across 13 Asian jurisdictions.
- AI-powered platform leveraging direct connections to authoritative government registries.
- Automated translation of official documents and reports into English or client-specified languages.
- Comprehensive entity data including registration details, key personnel, ownership structures, and penalty records.
- Advanced UBO identification with a minimum holding threshold of 25% and interactive share structure visualization.
- Continuous monitoring capabilities for changes in ownership, licensing, or compliance status.
- API integration for automated compliance workflows and a web portal for manual checks.
- Proprietary Asian Optical Character Recognition (ACR) technology for enhanced data extraction.