Enterprise Blog

The future of business verification: The competitive advantage of data integrity 

Rethinking KYB: Why a global golden record is essential for verifying business clients

5 strategies for fighting generative AI fraud in business verification

What the new FinCEN BOI ruling means for business onboarding and risk management

Trust Multiplied: How Verified Data Platforms Strengthen Business Lending

The hidden data crisis in business lending: How financial institutions can overcome it

Staying compliant across borders: A fintech’s guide to AML regulations

A payment company's guide to cross-border business verification in high-risk regions

Enhancing Business Search with AI: Markaaz and Snowflake's Cortex Search

Markaaz CEO on Redefining FinTech-Business Relationships

The cost of noncompliance: How fintechs can mitigate AML risks

Beyond credit scores: A data-driven approach to assessing business risk

The real challenges of cross-border business verification for payment companies

AML compliance for fintechs is key to avoiding penalties and ensuring security. Learn best practices for effective AML and KYB strategies.

A guide to AML compliance for fintechs

In today’s fast-evolving business landscape, data and analytics (D&A) have emerged as crucial assets for financial institutions. Leveraging these tools can drive substantial growth, mitigate risks, an

Data & Analytics in Business Banking: Strategies for Growth, Risk Reduction, and Customer Success

At Markaaz, we know that small businesses face a serious challenge when it comes to securing the financial support they need. For many small companies, the issue isn’t just a lack of credit but the la

Markaaz CEO Hany Fam on the 'Data Gap' for Small Businesses with Two-Sided Platform

As more payment companies expand into new markets, regulators worldwide are tightening their grip on those that fail to meet strict cross-border verification and anti-money laundering (AML) standards.

How to Build an Effective Cross-Border Verification Framework for Payment Companies

At Markaaz, we recognize that the key to unlocking better access to lending for small businesses lies in creating a "golden record" of truth. In the world of financial services, especially for small b

Markaaz CEO on Unlocking Small Business Lending with Markaaz’s Golden Record

In the fast-growing fintech industry, compliance challenges—and the resulting penalties—are becoming a costly issue for many companies.

Why Fintechs Are Under Scrutiny: The Importance of AML Compliance

Cross-border business verification acts as a first line of defense against fraud, helping to prevent financial losses and reputational damage. Inadequate verification can also result in companies unkn

Preventing Fraud and Financial Crime Through Cross-Border Business

Data gaps and business verification challenges create significant opportunities for criminals to engage in illicit activities, exposing organizations to compliance and security risks. Markaaz helps cl

Competitive Advantage Through Business Verification Services: Your Guide to Revenue and Customer Growth

Data gaps and business verification challenges create significant opportunities for criminals to engage in illicit activities, exposing organizations to compliance and security risks. Markaaz helps cl

The Business Verification Services Dilemma: How Data Gaps May Fuel Financial Crime

An early-stage fintech company offers comprehensive infrastructure for developing, launching, and expanding consumer and corporate credit card programs.

Why fintechs rely on Markaaz to verify data with high confidence

Many of the most successful companies in history have one thing in common: a deep awareness of market trends combined with a willingness to make strategic moves. Consider Amazon, a company that starte

The strategic value of firmographic data in customer acquisition

What is KYB? It’s a process companies implement to verify the legitimacy and identity of business clients. KYB verification requires an examination of a business's ownership, operations, and adherence

What is Know Your Business (KYB)?

With a global database of more than 480 million businesses and industry-leading matching algorithms, Markaaz makes it easy to verify businesses that other providers can’t. Our advanced solutions lead

The real cost of bad business verification: How incomplete data is costing you and what you can do

At Markaaz, our CEO Hany Fam emphasizes the importance of comprehensive and actionable insights in the age of "know your customer" and "know your business" initiatives. Without these insights, financi

Markaaz CEO on Transforming Business Identity Verification for Banks

From banks and financial institutions to Software-as-a-Service (SaaS) providers, B2B data is more than just a preferable asset; it’s a priority. Not only will data fuel Know Your Business (KYB) checks

Customize Business Onboarding with Firmographic Data

As the business world becomes more data-driven, the accuracy and completeness of B2B databases can significantly impact a company’s success. Poor data quality is a pervasive issue that impacts organiz

B2B data enrichment services: What you need to know

By offering screening against all global watchlists, sanctions lists, PEPs, and adverse media databases, Markaaz provides comprehensive business verification solutions that help companies maintain bot

Why you need an AML monitoring solution in your KYB

The costs of onboarding fraudulent businesses are crystal clear. In 2022 alone, banks and financial institutions were fined nearly $5 billion for anti-money laundering (AML) infractions, with noncompl

Calculating business verification ROI: A step-by-step guide

Markaaz has launched a pioneering global business identity platform to help banks, FinTechs, and enterprises verify and onboard businesses of all sizes, especially smaller ones. After four years and i

Markaaz Unveils Global Business Identity Platform

With financial crimes becoming increasingly sophisticated, ongoing AML monitoring is no longer a luxury—it’s a necessity. By continuously scrutinizing transactions and customer behaviors, institutions

What is ongoing AML monitoring and why you need it

According to a recent Fintech Times report, more than half of banks don’t perform Know Your Business (KYB) checks. These checks are increasingly important, but they can be complicated and time-cons...

Creating a best-practice KYB verification process: A detailed guide to getting started

For many business owners, keeping up with anti-money laundering regulations is more than a legal necessity—it’s a critical part of operations. In addition to avoiding significant fines, proper AML com

A guide to AML compliance: What every business needs to know

Data gaps and business verification challenges create significant opportunities for criminals to engage in illicit activities, exposing organizations to compliance and security risks. Markaaz helps cl

How advanced business verification prevents financial crimes

Anti-money laundering (AML) regulations have put many organizations in a tough spot. By the end of 2022, global money laundering fines had seen an increase of 50%.

Staying ahead of the curve: Ensuring compliance with the latest AML regulations

For financial institutions, insurance providers, and retailers serving all sized of businesses , the accuracy and depth of data used in the Know Your Business (KYB) process can greatly influence every

Business data in Know Your Business (KYB): Challenges and opportunities

Small and midsize businesses (SMBs) play a significant role in our economy. Currently, there are more than 330 million SMBs worldwide. In the United States alone, SMBs total 33 million, and over 5 mil

Enhancing business verification with precise SMB data

In today's digital environment, robust business verification solutions have never been more critical. Whatever the size of your company, ensuring the legitimacy of your business interactions is paramo

Top five tips for implementing business verification solutions

Traditional Know Your Business (KYB) data providers often face significant challenges when dealing with small business data. These small businesses often have diverse structures, limited public profil

Why traditional KYB data providers struggle with SMB data—and why it's impacting your bottom line

 Alain Cauwenberghs, Markaaz’s Chief Growth Officer, discusses lenders’ risk management challenges and the KYB solutions that can combat fraud and protect customers.

Navigating risk management in lending: Trends, challenges, and solutions

Markaaz helped a leading global payment provider to verify and enrich merchant data that other data providers were unable to verify. This improvement unlocked deeper customer insights, better personal

How data enrichment improved customer insights for this payment provider

Small businesses count on affordable funding to start, grow, and stay afloat when they face financial difficulties or economic downturns. This support acts as a lifeline, ensuring business owners can

The role of KYB compliance in SMB fraud prevention

Here is a quick overview of what we’ve been up to and the new capabilities we’ve created to help our partners verify and improve the timeliness, quality, and reach of their small business services.

What's new at Markaaz

A top-tier global insurance company serving businesses of all sizes faced verification challenges. At the same time, it wanted to enrich its client data. Markaaz used its robust directory and propriet

Boosting data enrichment for a global insurance leader

Effective SME verification is only as good as the underlying data that is available, its completeness and accuracy, and accessibility. 

Understanding business verification data for SMEs in Europe

Navigating the complexities of Know Your Business (KYB) regulatory requirements is no small feat, especially for enterprise compliance officers onboarding SMBs. While the overarching aim of KYB is to

Solving the SMB data problem: Why verifying SMBs is an ongoing KYB challenge

In today's global landscape, financial institutions operate on a vast scale. They serve customers from diverse backgrounds and deal with international transactions daily. While this unlocks tremendous

6 sanctions screening best practices for your financial institution

The partnership between this Fortune 500 bank and Markaaz led to clear, significant improvements in business verification rates. Not only can Markaaz help lenders create an efficient approval process,

How Markaaz's unique approach to verification helped a Fortune 500 bank increase its approval rates

The results of this data test are clear: Markaaz's verification solution can provide significant benefits to companies that struggle to efficiently onboard customers. Our business verification solutio

How a leading alternative lending provider improved business verification rates by 84%

Explore our business verification services and collaborate with our team to test a sample of your customer portfolio. See how we confidently verify more businesses, especially hard-to-validate small b

KYC and KYB: Bridging the business data gap for better verification

Business verification is a crucial step in an enterprise’s onboarding process, but it can also be challenging. Inaccurate results can lead to approving bad actors or rejecting legitimate business cust

Why business verification APIs are essential for your onboarding

Gaps in your business verification process may be turning away legitimate clients. We explore the potential reasons – and how to overcome these challenges with accurate, real-time data.

Five reasons why your business verification process is falling short

The Markaaz Dashboard is a powerful tool that can help small businesses to succeed. By onboarding your small business clients to the Markaaz Dashboard, enterprises can help these businesses to improve

Help your small business clients grow and thrive

Why is business health an essential onboarding indicator? We outline the details.

The importance of business health data

Business health data is an essential indicator on the onboarding process, learn what to look for in business health data to inform your team's onboarding processes.

What are red flags and good scores in business health data?

Business health is an essential indicator in the B2B customer onboarding process. So, what is it and how does it help your enterprise?

Business health, an essential onboarding indicator

Accurate firmographic data improves your onboarding processes by allowing your teams to verify businesses, increasing approval rates

How important is firmographic data accuracy?

Small businesses miss out on services because of bad data, so they cannot grow, and large enterprises are unable to onboard new customers. Let us look at how Markaaz addresses this with David Clarke

The bad data problem (and how Markaaz addresses it)

Verifying the small businesses you want to onboard is now quick and easy with the Markaaz verification and decisioning API suites. We talk to Brett Adams, Head of Product at Markaaz

How can I verify a small business in real-time?

Accurate firmographic data is essential for enterprises onboarding any small or medium business. Markaaz explains why

How does accurate firmographic data drive frictionless onboarding?

Women in the healthcare workplace are essential but may still face gender inequalities. Dr. Aaliya Yaqub from Markaaz Dashboard partner, Thrive explains

Equality for women in healthcare: Where are we today?

Markaaz Banking Use Case: How the Markaaz Business Decisioning API Suite and Markaaz Business Verification API Suite improve your onboarding workflows

Markaaz for Banking: Onboard more clients faster and more efficiently 

Jim Whalen, CFO in Residence at Markaaz, walks you through the Markaaz Directory

Business intelligence data is your key to success

What is customer onboarding and what is the customer onboarding process? Where do I find the right small business customer data? We explain all in this blog

What is the customer onboarding process?

Strong firmographic data on small businesses from Markaaz helps your onboarding and monitoring easier

How can enterprises use firmographic data?

Frictionless customer onboarding is here. Learn more about how Markaaz can help you do business better

How to create a frictionless customer onboarding experience

Markaaz is your source of verified small business firmographic data. Learn more

Firmographic data explained: What is firmographic data?

Successful small business onboarding and monitoring requires business health data. Learn why, and what business health data is

What is business health data?

Hany Fam, Founder and CEO of Markaaz talks you through how to fix your biggest onboarding pain points

Customer onboarding pain points and how to fix them

Insert excellence into your customer onboarding with these helpful tips

How can you improve your customer onboarding process?

Corporate America must stand up and help empower the Black workforce says Brye McMillon, DMin, Senior Security Manager, and engaged Leader of the Black Excellence Council at Lockheed Martin

How you can help to empower the Black workforce

Burnout is increasing in the modern workplace, and we are on a mission to find solutions. Partnering with Thrive Global was a natural step for Markaaz to bring mental health

Beating burnout: Insight from Thrive's Arianna Huffington

The onboarding process is a critical part of your customer's journey and reducing friction in the process will reduce customer churn. Read more on this blog.

Frictionless customer onboarding – what is it?

The challenges of onboarding have long been a pain point for enterprises across the globe - until now. We talk frictionless onboarding with Rob MacColl, Chief Commercial Officer at Markaaz

Frictionless onboarding: Turning a myth into reality

Accurate business verification drives business success and Markaaz's enterprise services allow businesses of all sizes to verify the businesses they want to onboard

Why businesses should care about verification

Markaaz has launched a pioneering global business identity platform to help banks, FinTechs, and enterprises verify and onboard businesses of all sizes, especially smaller ones. After four years and i

Markaaz at Money20/20: What to expect from the event’s global business identity platform

Detecting small business fraud can be challenging, but if you know the signs to look for, you can avoid becoming a victim. In many situations, the steps you take to prevent small business fraud also h

Why it’s so hard to detect small business fraud (and what you can do about it)