EMAS eKYB — corporate identity verification
Verify the business. Vet the humans behind it.
A business cannot prove its own identity — the people behind it must. EMAS eKYB merges registry verification, automated UBO discovery, and director eKYC into one workflow, so you onboard corporate customers in minutes instead of weeks.
The stakes
A shadow economy is scaling faster than manual due diligence
Scam syndicates, shell companies, and AI-powered fraud are weaponising synthetic business identities across ASEAN. The numbers set the context for why corporate onboarding needs to change.
2,137%
Surge in deepfake-related fraud attempts across APAC financial sectors, 2023–2024.
Signicat, 2024
US$64B
Estimated annual revenue of the cyber-fraud industry in the Mekong region alone.
UNODC, via USIP
US$1T
Projected value of the ASEAN digital economy by 2030 — the surface that fraud is chasing.
Technode Global
An entity can't prove its own identity
Consumer onboarding verifies a natural person. Corporate onboarding verifies a legal construct — and the humans hiding behind it. That gap is exactly where modern fraud operates.
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Shell entities with valid paperwork
Real registration numbers, no genuine operational footprint — designed to legitimise laundering or vanish with credit.
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Proxy "role shifters"
Directors who are either complicit or victims of identity theft, standing in for whoever really controls the entity.
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Manual due diligence is too slow
Fast-moving fraud rings outrun manual checks, and human review adds error when the detail matters most.
Three pillars for the future of B2B trust
The era of static document checking is over. Drawn from millions of ID verifications across ASEAN, these three principles shape how eKYB is built.
Verify the entity, validate the human
A business cannot commit fraud — only the people behind it can. Effective KYB merges with KYC, cryptographically linking each ultimate beneficial owner to a real, living person.
Context over documents
Fraudsters reuse the same drop addresses and company secretaries across hundreds of shell entities. eKYB surfaces those anomalies at scale, rather than reading each document in isolation.
Continuous, not episodic
A valid partner today can be struck off or sanctioned tomorrow. Perpetual KYB monitors directorship and status changes in real time, not just at the point of onboarding.
Official-source verification, automated end to end
The engine pulls the entity record straight from the registry, resolves who really owns it, and interrogates every supporting document — before a human ever reviews the case.
- Instant registry integration
- Direct API connections to SSM pull real-time company data from the official source — no reliance on user-submitted PDFs.
- Automated UBO discovery
- The engine unpeels complex corporate structures automatically to identify the individuals at the top — the ultimate beneficial owners.
- AI document forensics
- OkayDoc detects forged certificates of incorporation, memorandums of association, and financial statements.
The human layer
Bind the entity to a real, present person
Registry data proves a company exists. Biometrics prove the person signing the deal is who they claim to be — and is not a stolen photo or a deepfake.
Biometric liveness
Active and passive liveness confirm the person signing the deal is real and present — blocking stolen photos and deepfakes.
Director eKYC
Directors capture their NRIC and a short selfie video; the system extracts ID data and biometrically matches it to the document.
Watchlist screening
Director identities are cross-referenced against global sanctions, PEP, and adverse-media lists instantly.
One secure workflow, four roles
eKYB connects the admin, operator, company contact person, and manager in a single case flow — from configuration to a defensible approve-or-reject decision.
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1
Setup
Admin
Configures accounts and the verification checks each case must run.
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2
Case creation
Operator
Opens a case and inputs the required company and director data.
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3
Submission & verification
Company contact
Submits company and director details; the system runs the automated checks.
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4
Review & decision
Manager
Reviews the results and approves or rejects the case.
Four checks behind every corporate decision
Each case runs the same rigorous set — from the compulsory registry cross-reference to biometric director identity and beneficial-ownership mapping.
Director eKYC
A director validates their identity by capturing their NRIC and a short selfie video. The system extracts ID data and uses biometric verification to confirm the individual is real and matches their documents.
Compulsory
SSM check
A mandatory corporate screening step that validates a business against the Companies Commission of Malaysia (SSM) database — comparing submitted details directly to official government records.
AML screening
The OkayDB AML API screens directors and shareholders against four high-risk categories: politically exposed persons, sanctions, adverse-media exposure, and regulatory enforcement lists.
UBO mapping
Visualises a company's ownership structure to identify who actually profits from it — mapping beneficiaries across every level with shareholdings, ownership percentages, and positions held.
Speed and security, without the trade-off
In a market where speed is competitive but security is mandatory, eKYB consolidates fragmented verification into one framework — three strategic advantages fall out of that.
One workflow, not five tools
Fragmentation creates blind spots. eKYB centralises the entire compliance workflow into one command centre — eliminating data silos and simplifying regulatory reporting.
Official-source data, zero-trust
The system pulls data directly from official sources like SSM rather than trusting user-submitted PDFs. This zero-trust approach cuts onboarding from weeks to minutes while preserving data integrity.
Frictionless for directors and reviewers
A guided mobile interface lets directors complete biometric verification in seconds, while compliance managers review and approve cases from a clean dashboard — no legacy software to navigate.
The same EMAS platform banks already run KYC on
Central banks across ASEAN — including BNM and MAS — are tightening AML/CFT penalties for institutions that fail to identify the ultimate beneficial owner behind a corporate account. eKYB runs on the same EMAS platform that financial institutions already deploy for individual eKYC, so the audit trail and controls extend to the entity layer without a new vendor.
Helps you satisfy
Configurable workflows align with your regulator's eKYC, AML, and customer due-diligence requirements.
PDF
Read the eKYB whitepaper: The Invisible Partner
Whitepaper on Electronic Know Your Business (eKYB): why verifying corporate entities, beneficial owners, and directors is the missing layer in digital onboarding across ASEAN — and how EMAS eKYB closes it.
1.6 MB · PDF
Request the whitepaperScope EMAS eKYB for your onboarding stack
Tell us about your corporate onboarding workflow and we will scope registry coverage, UBO patterns, and integration with your existing eKYC — usually within 48 hours.
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