I'm curious about the term KYB in the banking industry. I've heard of KYC, which stands for Know Your Customer, but I'm not sure what KYB means in this context. Could someone explain it to me?
6 answers
Daniele
Sat Nov 16 2024
KYB represents Know Your Business.
JejuSunshineSoulMate
Fri Nov 15 2024
It serves as a crucial process in identifying and verifying the identity of a business or organization.
PearlWhisper
Fri Nov 15 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet.
EnchantedSoul
Fri Nov 15 2024
This practice is essential for ensuring that a company has a comprehensive understanding of its business clients.
ShintoSanctuary
Fri Nov 15 2024
Through KYB checks, businesses can gain clarity on the corporate structure of their clients.