{"id":64085,"title":"TrueBiz - Reduce Dropout During KYB","tagline":"TrueBiz helps fintechs onboard business accounts faster by automating the processing of documents \u0026 data for KYB","body":"# What We Do\n\nTrueBiz verifies business identity by combining the processing of company documents, together with searches in best-in-class data sources.\n\n# Who Has This Problem\n\nFinancial services companies onboarding business accounts often **revert to manual review because existing data sources can not provide a complete picture of the business.**\n\nAs a result, companies often rely on the business to provide supporting documentation — which is then manually reviewed. During the process they might review:\n\n* An Articles of Incorporation to verify business identity\n* A By Laws document to verify the shareholder structure\n* An invoice to validate the nature of the business\n\nThe back and forth to capture the correct documents can go on for weeks. **This slows down onboarding and creates a frustrating customer experience.**\n\n# How TrueBiz Solves KYB\n\nTrueBiz validates the different documents required for each step of the verification process. This is combined with searches in best-in-class data sources. This range of tools enables our clients to convert more customers, with less effort.\n\n![uploaded image](/media/?type=post\u0026id=64085\u0026key=user_uploads/156422/f72085b1-1265-4782-8183-a68c792b9f90)\n\nFor our clients, this results in:\n\n1. **Speed up time to activation:** we validate documents in seconds, preventing a slow back-and-forth to capture the correct paperwork. This shaves days off revenue realization.\n2. **Reduce manual review:** we help identify the \\~10% of cases that actually need further attention. You can redeploy the majority of your human analysts’ time and skill elsewhere.\n3. **Scale:** we remove friction from the onboarding process, so you can grow faster.\n\nOur process takes seconds – not days, so Financial Institutions can efficiently meet Know Your Business requirements and onboard new businesses faster.\n\n# Book a demo\n\nIf you’re a fintech looking to optimize your business onboarding process, [schedule a demo here](https://calendly.com/dannyhak/truebiz-demo?month=2022-06).","slug":"Gfd-truebiz-reduce-dropout-during-kyb","created_at":"2022-06-26T23:51:25.936Z","updated_at":"2026-05-22T23:38:21.997Z","total_vote_count":23,"url":"https://www.ycombinator.com/launches/Gfd-truebiz-reduce-dropout-during-kyb","share_image_url":"//bookface-static.ycombinator.com/assets/ycdc/yc-og-image-c440a0ad1dacfb86eeeb343717479cc54d256614449b4ef719977a0a451f8bc8.png","company":{"id":26720,"name":"TrueBiz","slug":"truebiz","url":"https://truebiz.io/","logo":"https://bookface-images.s3.amazonaws.com/small_logos/744ba21703836aacf20f93a8ea2eaf05fdb4ad3f.png","batch":"Summer 2022","industry":"B2B","tags":["Fintech","B2B","Identity","Regtech"],"search_path":"https://bookface.ycombinator.com/company/26720"}}