Validating KYB Solutions Faster
A financial institution wanted to evaluate Know Your Business (KYB) vendors side by side to improve compliance, reduce manual checks, and accelerate onboarding decisions.
Outcomes
2 weeks
Full Vendor Understanding
50%
Vendor Onboarding Reduction
1.5x
Faster Business Verification
0%
Production Data Exposed
Technology Vendors Suited to Evaluation
Business Problem
The bank’s KYB process was slow, fragmented, and highly manual. Verification inconsistencies increased exposure to fraud and financial crime, while misalignment between business and technology teams delayed vendor selection.
Costly inefficiencies and rework across AML and onboarding workflows highlighted the need for a unified, data-driven approach to vendor evaluation.
Challenges
- Cumbersome, manual verification slowing operations.
- Process inconsistencies exposing institutions to fraud and financial crime.
- Inefficiencies driving avoidable delays and cost overruns.
- Limited alignment between business teams and CTOs during vendor selection.
From Idea to Evidence with NayaOne
Using NayaOne’s secure sandbox, the institution conducted a structured, hands-on PoC to evaluate KYB vendors in parallel.
- Vendor Identification: The FI shortlisted and onboarded multiple KYB vendors under NDA.
- Sandbox Deployment: Vendors received same-day access to test synthetic data in a controlled environment.
- Feature Evaluation: AML and Fraud teams conducted consistent, side-by-side assessments using shared onboarding scenarios.
- Operational Validation: Measured automation capabilities, data coverage, and reporting quality.
- Outcome Alignment: Unified technical and business teams around evidence-based vendor decisions.
Impact Metrics
PoC Timeline Reduction
2 weeks with NayaOne vs 12 months traditionally
Time Saved in Vendor Evaluation
1+ year
Decision Quality
The bank gained hard evidence on detection accuracy, speed, and integration fit - enabling a data-driven vendor choice and faster approval across risk and procurement.
KPIs
- Verification Accuracy (%): Rate of correct entity identification and risk classification.
- Automation Coverage (%): Share of KYB checks processed automatically.
- Onboarding Time (hours): Average time to complete business verification.
- Data Consistency Rate (%): Uniformity of results across vendors.
- Decision Confidence Score (%): Agreement between AML, Fraud, and IT teams on vendor selection.
Validate KYB Vendors Faster
Test multiple KYB solutions side by side in a secure sandbox to accelerate onboarding, improve compliance, and reduce operational risk.
