Business onboarding overview

The Bond platform provides the ability for you to have a Business as a Customer to whom you can provide financial services, such as cards. You do so by creating a business resource.

A business must comprise at least one Beneficial Owner that you add to the Business resource.

In many ways the business is treated as an entity in the same way as a regular customer is treated, but the verification check used for a business is a KYB process. Running this process validates the legal business entity itself, but each Beneficial Owner also needs to be verified using the KYC process.

To bring a business on board, you need to:

1. Create a Business using the business' information.

2. Add one or more Beneficial Owners to the business.

3. Verify that the information provided by the Beneficial Owner(s) is authentic.

4. Verify that the information provided by the business is authentic by running KYB.

   If the Business fails the KYB and they can't pass a manual check, you cannot provide them with a card.