Company Application

A Company Application is a verification session for a legal entity (KYB). After configuring the company level, you can create a company application. The application will execute the risk checks according to the steps and requirements configured for the specific company level (such as business registry checks, master card/visa card check, AML screening, etc.), and produce a final APPROVED or REJECTED result.

Company Application Flow

📤

Submit
Application

2 submission
modes available

→

⚙️

Risk Checks
Run

Registry, UBO,
AML,IDV,checks

→

👁️

Manual
Review

Compliance
officer review

→

🏁

Final
Result

APPROVED or
REJECTED

→

🏢

Company
Profile

The legal entity
being verified

Submission modes

Depending on whether questionnaire functionality or custom questionnaire templates are required, choose the corresponding configuration and submission mode.

MODE 1

Form Link

Embed a generated form link. End-users fill in and submit the form in their browser — no additional API calls needed.

Configure questionnaire in Dashboard first

✓ Best for self-service flows

MODE 2

From API

Server-side API call choosing a company application submission mode with a structured payload or a form payload.

openapi.advance.ai/v1/business/applications

✓ Best for self-service flows

Company Application Details

The details of company application includes 7 parts as follows:

Subject Company Details

Core details gathered from the KYB Application (such as company name, registration number, etc.). Display the risk checks result and additional services' outputs.

Supporting Documents

All documents uploaded during the application process are automatically carried over to this tab, and can manually upload supplementary documents.

Participatory

List of directors, officers, and shareholders of the subject company, and associated companies, according to company registry data and provided data.

Officers

List of directors and officers of the subject company and associated companies, according to company registry data and provided data.

Stakeholder

List of shareholders of the subject company and associated companies, according to company registry data and provided data.

Company Structure

A graphical representation of the company's ownership and corporate structure, based on the finalized company structure data from the company application.

Associated Profiles

All associated individuals' profile and companies' profile linked to this company, which are populated automatically from the company application (directors, UBOs, associated entities).

Application status

Draft: Application created but not yet submitted. Data can still be edited and supporting documents added.
Pending Duplicate Confirm: Block Manual Review
In Progress: System is running risk checks (registry verification, AML, etc.).
Required Manual Review: The risk checks are required to manual review (when the Block Manual Review switch is turn on).
Approved: Company passed all checks and manual review. KYB verification complete.
Rejected: Company did not pass verification. Review reason available in the application detail.