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Know Your Business (KYB) Verification A Complete Guide

A Complete Guide to Know Your Business Verification (KYB)

Business verification is a 360-degree audit or investigation to evaluate any risk from a financial, legal, operational, or regulatory perspective. It is done before onboarding any business or forming any deal/relationship with the third parties to have prior knowledge of the risks involved. For example, when considering to take business services

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process-for-verification

What Is The Process For BGV (Background Verification)?

BGV or Background verification is synonymously used for candidate and employee verification. It is one of the top priorities for companies when hiring employees to stay ahead of business and operations risks. Background verification was essentially introduced to meet business, compliance, and data security regulations for a company that is hiring

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Client Onboarding Process to ensure due diligence of clients

Client Onboarding: Process to ensure due diligence of clients

What is client onboarding and due diligence? Client onboarding is the process of onboarding new clients into your business while ensuring due diligence. A seamless client onboarding process enables businesses to build initial rapport with prospective clients, prevent impediments, and deliver an outstanding experience. Needless to say, a great client

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What is supplier onboarding and process to onboard suppliers at scale

What Is Supplier Onboarding? How To Onboard New Suppliers?

What Is Supplier Onboarding? Supplier onboarding and due diligence is the process of gathering important information on prospective suppliers, vendors, distributors, or other third parties for identity validation and risk assessment. After 360-degree due diligence, businesses can onboard them into their platform for the smooth functioning of supply chain operations.

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What does BGV (Background Verification) mean and why is it required

What Does BGV Mean And Why Is It Required?

The process of Background Verification (BGV) has to be seen in the context of a technology-driven hiring space which is still evolving. The job market competition has never been this cut-throat, in the middle of a talent war. Candidates are going way beyond their potential to get a rewarding job

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How online criminal record checks are done in India

How Online Criminal Record Checks Are Done In India

Did you know that approximately 78% job applicants lie during the recruitment process? It is not an exaggeration but a fact, as per a CNBC article. That’s why, it is always important to make sure that your candidates are a fit (not just for the job role!) for your company’s brand ethics, values,

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Worker Verification The Ideal Solution to Prevent Blue-Collar Crimes

Worker Verification: The Ideal Solution to Prevent Blue-Collar Crimes

Nearly 500 million workers are a part of the blue-collar segment in India. Generally, industries hire them in bulk on either contractual or permanent basis. Even with the rapidly emerging technologies, companies are still hiring blue-collar workers. Wonder, why? Because the overall blue-collar ecosystem will stand tall in a massive economy like ours

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Third-Party Due Diligence EDD, AML Checks and Ongoing Monitoring

Third-Party Due Diligence: EDD, AML Checks and Ongoing Monitoring

Businesses rely on numerous third parties for the smooth running of key operations, increase profitability, and go to market faster. Third-party stakeholders such as suppliers, vendors, dealers, distributors, vendors, and merchants play an integral part in managing different functions of the supply chain. With the help of third parties, businesses

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The most noteworthy aspects of our collaboration has been the ability to seamlessly onboard partners from all corners of India, for which our TAT has been reduced from multiple weeks to a few hours now.

- Mr. Satyasiva Sundar Ruutray
Vice President, F&A Commercial,
Greenlam

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