Providing accurate and current Know Your Business (KYB) information is an important part of doing business in today's regulatory environment. Yet many organisations still spend significant time responding to repeated requests, completing similar questionnaires and providing the same information across multiple counterparties.
Kybix
Sharing and managing KYB information in a more connected way
Kybix has been created to address this challenge. Building on the foundations of Euroclear GlobalWatch, Kybix is developing an AI-powered business identity platform that helps organisations collect public and private information once, keep it up to date and share it securely across trusted relationships.
Euroclear will use Kybix as its preferred platform for KYB information exchange, while the platform is also designed to support interactions between financial institutions, multinational companies and their counterparties across the wider financial ecosystem.
Keeping information up to date remains an important requirement. However, the process does not need to rely on repeated document requests, long email exchanges or providing the same information multiple times.
Through Kybix, information can be managed and shared through a single digital channel. The aim is to reduce duplication by making it easier to keep information in one place and use it across onboarding and review processes.
Information can be exchanged through a dedicated digital platform rather than relying primarily on email and document sharing.
A more structured exchange of information can help reduce delays and administrative effort during onboarding and periodic reviews.
Kybix is designed to support the exchange of business information across the wider financial ecosystem. Participants may use the platform not only in their relationship with Euroclear, but also with their own clients and counterparties, helping reduce duplication and improve efficiency across multiple business relationships.
Euroclear uses Kybix to facilitate the collection, exchange and updating of KYB information. Through the platform, clients can provide and manage information required for onboarding, periodic reviews and other due diligence activities.
The platform combines information provided directly by businesses with relevant external data sources. AI helps pre-fill and refresh business information, reducing the effort needed to keep profiles current. Kybix clients remain in full control of their business profile, including what information is shared and with whom. Risk assessments, approvals and compliance decisions remain with the institution.
Euroclear will also use Kybix to manage and share its own business information with counterparties through the platform. This helps create a more consistent and efficient approach to information exchange for all participants.
Business information is sensitive and often subject to strict governance and compliance requirements.
Information shared through Kybix is managed through:
- permission-based access
- human review and oversight
- clear information provenance
- governance and security controls
Kybix does not change the information clients need to provide to meet regulatory and compliance requirements. Its purpose is to enable a more efficient and structured exchange of information.
Kybix builds on the experience developed through Euroclear GlobalWatch. Kybix is a Euroclear portfolio company and backed by Liminal, a venture studio founded by Temasek, combining financial market infrastructure expertise with technology and venture-building experience.
For information about the move from Euroclear GlobalWatch to Kybix, please refer to the dedicated GlobalWatch transition FAQ.
For more information about Kybix and its broader services, please visit the Kybix website.
