AsiaVerify

0 reviews

AsiaVerify is a Singapore-based RegTech company specializing in real-time business verification services across the Asia-Pacific region. Their platform streamlines Know Your Business , Know Your Customer , and Ultimate Beneficial Owner processes by providing instant access to authoritative data from government registries. This enables businesses to make informed decisions, ensure compliance, and mitigate risks effectively. Key Features and Functionality: - Comprehensive Data Access: AsiaVerify offers real-time access to information on over 344 million entities and 3 billion related individuals across 14 APAC jurisdictions, including Singapore, Malaysia, China Mainland, Hong Kong, Taiwan, Japan, South Korea, Vietnam, Thailand, India, Australia, and New Zealand. - Real-Time Verification: The platform connects directly to government registries, allowing users to retrieve up-to-date registration information, key personnel details, ownership structures, and more, all fully translated in real-time. - Advanced UBO Identification: Utilizing proprietary technology, AsiaVerify delves deep into shareholding structures to identify beneficial owners with a minimum holding of 25%, providing clarity on complex corporate hierarchies. - Automated Monitoring and Alerts: The system continuously monitors changes in company status, shareholder information, and potential risks, issuing alerts for administrative penalties, court records, and other irregularities. - Flexible Integration Options: AsiaVerify offers both API integration for seamless automation and a user-friendly web portal for businesses requiring fewer checks, catering to diverse operational needs. Primary Value and Problem Solved: AsiaVerify addresses the critical need for efficient and reliable business verification in the APAC region. By automating KYB, KYC, and UBO processes, the platform significantly reduces onboarding times—from an average of 20-80 days to mere minutes—while ensuring compliance with regulatory requirements. This not only enhances operational efficiency but also mitigates risks associated with fraudulent activities, thereby fostering trust and safety in business engagements.