\n| <\/td>\n | May be more complex than other KYB programs<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Pricing<\/b>: Sumsub uses a tiered pricing system, depending on your needs.<\/p>\n\n- Basic: $1.35 per verification<\/li>\n
- Compliance: $1.85 per verification<\/li>\n
- Enterprise: Custom quote<\/li>\n<\/ul>\n
4. Middesk (U.S-Focused Business Verification)<\/h3>\n![\"\"](\"https:\/\/compliancely.com\/blog\/wp-content\/uploads\/2025\/10\/middesk-1024x527.png\") <\/p>\n
Middesk is a U.S.-centric KYB provider for banks, fintechs, and B2B platforms that primarily engage with domestic entities. It automates business identity verification by retrieving KYB data directly from U.S. Secretary of State offices and the IRS.<\/p>\n Core Capabilities<\/h4>\n\n- Provides API access to U.S. business registration status, officer information, and data necessary for onboarding, underwriting, and risk modeling.<\/li>\n
- Pull registry data directly from Secretary of State (SoS) filings across U.S. states.<\/li>\n
- Workflows to fetch documents such as Articles of Incorporation and Certificate of Good Standing associated with a business.<\/li>\n<\/ul>\n
\n\n\n| Pros<\/th>\n | Cons<\/th>\n<\/tr>\n<\/thead>\n | \n\n| Specialized for U.S-only KYB requirements, offering high domestic accuracy and speed<\/td>\n | Limited international capabilities for global programs<\/td>\n<\/tr>\n | \n| Clear developer experience for teams building custom workflows<\/td>\n | Teams may require additional vendors for non-U.S. sanctions coverage or broader tax reporting<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Pricing<\/b>: Custom pricing plans starting at $500 per month.<\/p>\n5. LexisNexis Risk Solutions (Enterprise KYB & Risk Data)<\/h3>\n ![\"\"](\"https:\/\/compliancely.com\/blog\/wp-content\/uploads\/2025\/10\/lexisnexis-1024x466.png\") <\/p>\n
LexisNexis Risk Solutions offers extensive business, ownership, and risk data that can support KYB and broader third-party risk management. This platform is mainly utilized by heavily regulated institutions that require extensive data.<\/p>\n Core Capabilities<\/h4>\n\n- Entity, ownership, adverse media, and sanctions screening data at scale.<\/li>\n
- Supports both batch and ongoing monitoring for risks from global watchlists, sanctions, PEPs, and media sources.<\/li>\n
- Configurable screening tools and sophisticated case management required by top-tier financial organizations.<\/li>\n<\/ul>\n
\n\n\n| Pros<\/th>\n | Cons<\/th>\n<\/tr>\n<\/thead>\n | \n\n| Superior data depth, which is indispensable for institutions in complex or high-risk sectors<\/td>\n | Can be resource-intensive to deploy and maintain for smaller teams<\/td>\n<\/tr>\n | \n| Useful for large enterprises seeking to embed KYB components into wider third-party risk programs<\/td>\n | Often used alongside separate systems for tax reporting and, in some cases, specialized address validation<\/td>\n<\/tr>\n | \n| <\/td>\n | May be excessive if the primary need is onboarding and standard KYB<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Pricing<\/b>: Contact the LexisNexis team for a custom quote.<\/p>\nHow to Select the Right KYB Provider<\/h2>\n Selecting the right business identity and sanctions screening software<\/b> depends on your exact needs.<\/p>\n\n- Define your requirements:<\/b> Identify where KYB is mandatory, which jurisdictions you operate in, and whether you need entity verification alone or a full stack including KYC, sanctions, TIN checks, and address checks.<\/li>\n
- Assess volume and performance needs:<\/b> Calculate daily and peak verification volumes, target decision times, and acceptable manual review rates. Choose providers with proven API performance and consistent match quality.<\/li>\n
- Compare platform strategy and cost:<\/b> Evaluate a unified platform versus multiple point solutions, factor in licensing, maintenance, engineering resources, and the risk of data inconsistency across systems.<\/li>\n
- Run a pilot with real cases:<\/b> Test actual customer, vendor, and high-risk entity scenarios to measure accuracy, manual review rates, decision speed, and audit readiness across providers.<\/li>\n<\/ul>\n
FAQs<\/h2>\n1. What does KYB software verify?<\/h5>\nKYB software validates legal entities, ownership and control structures, registration status, and risk indicators such as sanctions or adverse media. This allows you to assess whether and how to engage with a business.<\/p>\n 2. Can I combine KYB, KYC, and tax ID checks in one platform?<\/h5>\nSome platforms like Compliancely consolidate KYB, KYC, sanctions, address verification, and TIN\/EIN checks into a single workflow rather than distributing them across multiple vendors.<\/p>\n 3. Is KYB only required for financial institutions?<\/h5>\nWhile financial institutions face strict regulations, many B2B platforms, marketplaces, and enterprises also use KYB to reduce fraud, credit risk, and reputational exposure when onboarding business partners.<\/p>\n 4. How do KYB providers charge for their services?<\/h5>\nMost vendors use usage-based or tiered pricing based on check volume, data depth, and add-ons such as continuous monitoring. Accurate budgeting requires clarity on your expected volumes.<\/p>\n \nReady to upgrade your KYB process?<\/h4>\nCompliancely automates your business verification, ownership checks, and sanctions screening, all in one platform.<\/p>\n | | |
![\"\"](\"https:\/\/compliancely.com\/blog\/wp-content\/uploads\/2025\/10\/Compliancely-1024x555.png\")
<\/p>\n![\"\"](\"https:\/\/compliancely.com\/blog\/wp-content\/uploads\/2025\/10\/trulioo-1024x490.png\")
<\/p>\n![\"\"](\"https:\/\/compliancely.com\/blog\/wp-content\/uploads\/2025\/12\/sumsub-1024x337.png\")
<\/p>\n