Frequently Asked Questions

Source ID is an advanced identity and business verification platform that enables seamless KYC (Know Your Customer) and KYB (Know Your Business) checks. It helps businesses authenticate individuals and organizations, ensuring compliance with regulatory requirements and preventing fraud.

Source ID provides a comprehensive suite of verification services, including:

• KYC Verification: Identity document validation, biometric checks, AML screening.
• KYB Verification: Business registry checks, UBO identification, tax ID validation.
• AML & Watchlist Screening: Sanctions, PEP, and adverse media monitoring.
• Address & Utility Verification: AI-driven address validation and document verification.

Source ID prioritizes data security with industry-leading measures such as:

• End-to-End Encryption: Protects user data during transmission and storage.
• Compliance with Regulations: Adheres to GDPR, ISO 27001, and other global security standards.
• AI-Powered Fraud Detection: Identifies fraudulent documents and suspicious activities.
• User Consent & Control: Provides transparency and control over data usage.

To schedule a demo of Source ID, simply visit our website and fill out the demo request form. Our team will reach out to you to provide a personalized walkthrough of our verification solutions.

KYC (Know Your Customer) is the process of verifying an individual’s identity before allowing access to financial or regulated services. Source ID’s KYC process includes:

• Document Upload: Users submit a government-issued ID (passport, driver’s license, etc.).
• Facial Biometric Verification: AI-powered face matching ensures the user is the real ID holder.
• AML & Sanctions Check: Cross-references the user against global watchlists.
• Risk Assessment & Decisioning: Provides a confidence score for user onboarding.

KYB (Know Your Business) verification ensures that businesses are legitimate and compliant before engaging with them. Source ID’s KYB process includes:

• Business Registry Lookup: Confirms registration details with official databases.
• UBO & Stakeholder Verification: Identifies key executives, directors, and shareholders.
• Tax & Financial Compliance: Validates tax ID and business credentials.
• Adverse Media & Watchlist Screening: Checks for risks associated with fraud, sanctions, or criminal activity.