KYC & KYB Automation

Frequently Asked Questions

• What is the difference between KYC and KYB?

  KYC (Know Your Customer) verifies a person before you open an account, pay a claim, or move money. KYB (Know Your Business) verifies that a company is real, registered, and not a shell. Veryfi automates the document step of both. You send an ID, passport, incorporation document, tax form, or bank statement, and the API returns the fields on that document.

• Which documents can Veryfi read for KYC and KYB?

  Identity documents include US driver’s licenses, US, Indian, and Latam passports, auto and health insurance cards, vehicle registrations, and W-2s. Business documents include articles of incorporation, certificates of good standing, settlement letters, and vendor statements. Financial documents include bank checks, bank statements, W-9s, and W-8BEN-E forms. One upload goes to the Any Document API, which classifies the file and returns JSON.

• What does the API return?

  A JSON object of the fields printed on the document. A driver’s license comes back with name, date of birth, address, license number, class, state, and issue and expiration dates. Business and tax documents come back with the entity name, registration details, tax IDs, and the other fields that document type supports. Post the file to https://api.veryfi.com/api/v8/partner/any-documents. Code samples and field lists are in the API docs.

• How fast is it?

  Identity fields come back in under 2 seconds, so the check can sit inside a live signup flow. Reading incorporation documents and certificates is what takes a KYB review from 6–14 days of retyping to a same-day process, often under 3 hours. The hours are your review. The API read itself is seconds.

• Can Veryfi catch a fake or edited ID?

  Yes. Fraud detection runs with extraction and flags digital edits, duplicates, photos of a screen, and AI-generated files on the same response, so you can hold the document before it enters onboarding. On US driver’s licenses, the PDF417 barcode on the back is compared with the fields read from the front. A mismatch is a tamper signal. Details are on the fraud detection page.

• Can Veryfi match a live face to the ID?

  Yes. Mobile capture compares a live face with the photo on the ID and returns a match score from 0 to 1, plus a Match or No Match result, the extracted fields, and any fraud signals. A liveness check rejects a printed photo or a video played on another screen. That flow is covered in identity verification.

• How is identity data protected?

  Processing is machine-only, with no human review of the document. Veryfi is SOC 2 Type II, with GDPR, CCPA, and ITAR controls, and will sign a BAA for HIPAA workflows such as health insurance cards. Zero data retention is available, every API call is logged, and you can run in the cloud, hybrid, or on-premise.

• How do I try this?

  Use Get Started for Free for a 14-day trial. No credit card. Upload a sample ID or business document, or call the Any Document endpoint. For a workflow review, email sales@veryfi.com. For product questions, email support@veryfi.com.

Full FAQ