Faster commercial banking client onboarding
Accelerate commercial client onboarding and monitoring with data on 100% of registered businesses in the U.S. through our Secretary of State data pipelines
160M+
Business profiles
52
Secretary of State data pipelines
92%
Of businesses updated in <10 days
31%
Lift in auto-approvals
Problem
Too much time and money is spent manually verifying business customers to satisfy compliance requirements and mitigate risk. This results in a degraded customer experience and drop-off in customer conversions.
Solution
Instant access to the commercial banking client onboarding data and documents needed to know and monitor your business customers. This process mitigates risk and eliminates friction throughout your customers' lifecycles.
Verify your business customers throughout their lifecycle
Know and monitor your business customers
Instantly access business (KYB) and individual (KYC) information to quickly transact with your business customers
Retrieve documentary evidence
Automatically source documents like Articles of Incorporation and Certificates of Good Standing, reducing customer interactions
Minimize risk exposure
Complete Customer Due Diligence (CDD) requirements and identify high-risk entities by automatically classifying their industries and screening for adverse media, watchlist hits, sanctions, and politically exposed persons (PEP)
Automate with easy-to-integrate APIs
Integrate easily with our APIs for fast implementation, or get started immediately with our user-friendly dashboard
Business value
Increase conversion
Open more business deposit accounts and quickly generate revenue through automated, accurate business verification processes at onboarding and beyond
Improve onboarding automation
Stay competitive and retain business customers by building a frictionless digital customer onboarding experience, minimizing application time and reducing drop-off rates
Modernize compliance
Verify businesses' identities with best-in-class data quality and freshness, satisfying comprehensive Know your Business (KYB) requirements with confidence throughout a customer's lifecycle
Solutions for banks
Business Verification
Build an understanding of businesses and associated people to confidently and quickly transact with your customers
Credit Assessment
Streamline your credit assessments with comprehensive risk signals and easy lien filing
How Radius Bank finds more hours in the day with Middesk
“Every minute we’re able to save in processing loans is a minute faster than a small business will have access to the capital they need. With Middesk, what ordinarily would have taken us hours to do is now taking us minutes. We take pride in partnering with technology companies that help us serve our customers better.”
How Novo redefines its KYB process with Middesk’s verification product
“Middesk's market-leading methods challenge the established legacy approach to verification. Their product has unlocked significant efficiency, enhancing the onboarding experience for small businesses to access Novo. Middesk’s ground-up approach to product development played an integral part in increasing confidence in KYB, both internally and with partners.”
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