Financial services users carrying out KYC screening checks need to understand and use ultimate beneficial ownership (UBO) data.
At the moment, the KYC Screener does not include a mechanism to implement or consume structured UBO data.
Adding this as a feature would add great value to users of KYC Screener.
Such functionality could be swiftly implementing building on top of the Beneficial Ownership Data Standard.
The Beneficial Ownership Data Standard (BODS) is the world's leading open standard providing a specification for modelling and exchanging information on the beneficial ownership and control of companies, trusts and other types of entities and arrangements. Visit standard.openownership.org to discover full documentation in English, French, Spanish and Russian.
A KYC screening agent that could pull structured beneficial ownership data from a BODS-compliant source, validate the declared UBO chain against register data and flag mismatches would be substantially more powerful.
The architecture (skills + connectors + sub-agents) is modular enough that a BODS-aware connector could be added — this is precisely the type of integration case that could drive institutional adoption arguments.
Let me know if you want to know more about BODS: https://www.beneficialownership.co.uk/
Financial services users carrying out KYC screening checks need to understand and use ultimate beneficial ownership (UBO) data.
At the moment, the KYC Screener does not include a mechanism to implement or consume structured UBO data.
Adding this as a feature would add great value to users of KYC Screener.
Such functionality could be swiftly implementing building on top of the Beneficial Ownership Data Standard.
The Beneficial Ownership Data Standard (BODS) is the world's leading open standard providing a specification for modelling and exchanging information on the beneficial ownership and control of companies, trusts and other types of entities and arrangements. Visit standard.openownership.org to discover full documentation in English, French, Spanish and Russian.
A KYC screening agent that could pull structured beneficial ownership data from a BODS-compliant source, validate the declared UBO chain against register data and flag mismatches would be substantially more powerful.
The architecture (skills + connectors + sub-agents) is modular enough that a BODS-aware connector could be added — this is precisely the type of integration case that could drive institutional adoption arguments.
Let me know if you want to know more about BODS: https://www.beneficialownership.co.uk/