KYC, KYB and compliance

Embed the verification, eligibility and control steps required for financial services operated within a regulated framework.

In brief

Embedded financial journeys need verification: KYC, KYB, documents, review, decision, then monitoring. Tractial does not “fully automate” or “guarantee” an instant outcome. Human review can still apply.

Embedded financial journeys require appropriate verification processes: customer due diligence (KYC), business verification (KYB), project analysis, flow monitoring and ongoing supervision. Tractial helps its partners integrate these requirements into digital journeys designed to remain smooth, understandable and compliant.

Verification journey (states)

  1. Data

    Collection of the information needed for the file.

  2. Documents

    Items requested according to the profile (individual or company).

  3. Verification

    Checks within Tractial’s and the project’s scope.

  4. Review

    File analysis, including a request for more information.

  5. Decision

    Proceed, refuse or supplement. Not a “guaranteed” outcome.

  6. Monitoring

    Follow-up and alerts, according to the contract.

Typical sequence. Documents, UBOs and exceptions depend on the profile and the applicable framework. GDPR: data is processed for these compliance purposes.

Use cases

  • Account opening

    Verification journeys tailored to payment accounts.

    See the page

  • Merchant onboarding

    Verification of a marketplace’s sellers, providers or partners.

  • Financing platforms

    Controls associated with regulated flows and users.

What is covered

  • Identity verification (KYC)
  • Business verification (KYB)
  • Eligibility analysis
  • Document collection
  • Status tracking
  • Flow monitoring and supervision
  • Transaction logging
  • Alert management

Responsibilities

Tractial operates within its scope. The partner keeps its own duties according to its activity. Responsibilities are set in the contract.

Responsibilities

Responsibilities must be defined contractually. Tractial operates within its regulatory and operational scope; the partner retains its own obligations depending on its activity.

FAQ

Is KYC mandatory?

Verification obligations depend on the nature of the service, the status of the parties and the applicable regulatory framework. Tractial analyses these elements for each project.

What is the difference between KYC and KYB?

KYC (Know Your Customer) covers verification of an individual; KYB (Know Your Business) covers verification of a company: legal existence, beneficial owners, activity.

Does Tractial provide all of the partner’s compliance?

No. Tractial operates within its regulatory and operational scope; the partner retains its own obligations depending on its activity, as defined contractually.

How do journeys stay smooth for the end user?

Verification steps are embedded into the partner’s digital journey (document collection, statuses, reminders) rather than added as a separate process.

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