Financial markets infrastructurePublished customer result

Faster onboarding with automated company verification

LSEG used the Global Database API to automate KYB checks. VAT and tax identifiers support entity matching inside that wider onboarding workflow.

THE RELATIONSHIP

Where Global Database fits

Global Database’s published customer story describes LSEG implementing its API for automated KYB verification during customer onboarding.

THE IDENTITY GAP

Why name-only checks fail.

Manual entity checks slow onboarding when analysts must reconcile legal names, registration numbers and country records across separate sources.

THE VAT VERIFICATION ROLE

Establish the company before the wider decision.

VAT verification adds a useful identity signal: the submitted number can be matched to a legal entity and reviewed beside the registration number, registered address and company status.

THE WORKFLOW

Four steps from input to evidence.

  1. 01

    Capture

    Collect the company name, country and VAT or tax identifier at the start of onboarding.

  2. 02

    Resolve

    Match those inputs to the most likely official company record.

  3. 03

    Compare

    Return the legal name, registration number, address and source-reported status for review.

  4. 04

    Escalate

    Send mismatches or ambiguous records to an analyst instead of treating them as automatic failures.

WHAT THE EVIDENCE SUPPORTS

70% faster onboarding

That result is reported in Global Database’s published LSEG case study for the broader automated KYB process.

Read the published Global Database case study
Important boundary

VAT matching alone did not produce the published 70% result. It is one company-identity input within the wider KYB workflow.

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