Reusable Corporate KYC, Reusable Identify Layer

Most companies experience KYC as a series of one-off events:

• A big form for a new bank relationship.

• Another form for a new PSP.

• A KYC pack for a law firm or corporate services provider.

• Periodic reviews and event-driven updates, all starting from some version of the beginning.

Each event feels disconnected, even though the underlying company hasn’t changed very much.

What if, instead of treating KYC as a sequence of unrelated forms, we treated it as a reusable identity layer?

The hidden cost of one-off KYC

For corporates, the cost of one-off KYC is not just in hours – it’s in fragmentation:

• The legal team has one “master” copy of company documents.

• Treasury tracks bank relationships and KYC deadlines in a spreadsheet.

• Local offices maintain their own versions of entity data.

• External advisers hold yet another set of information.

When a bank asks for an updated KYC pack, someone has to:

• Collect pieces from each source

• Reconcile differences

• Fill out forms in the bank’s format

• Coordinate signatures and approvals

Multiply that by several banks and providers and you get a recurring operational drag on the business.

For institutions, the cost is similar:

• Each onboarding or review begins from a near-empty view of the client.

• They re-collect information they already had in slightly different forms.

• It’s hard to track changes over time, so they default to re-doing the entire pack.

Everyone is recreating the same picture from slightly different angles.

What a reusable KYC profile looks like

A reusable KYC profile is a maintained representation of a company’s identity and risk-relevant attributes that can be used across relationships and over time.

It typically includes:

• Entity information – legal name, registration, identifiers, addresses, tax details.

• Ownership and control – structure up to UBOs, with supporting evidence.

• Governance – directors, authorised signatories, key controllers.

• Documents – incorporation documents, registers, accounts, policies, ID copies where appropriate.

• Risk attributes – sectors, geographies, PEP exposure, other relevant flags.

• History – events such as new shareholders, directors, name changes, restructurings.

The important part is that it’s maintained. When something changes, you update the profile once; everything else works from that source.

In Veridable, this is what we call the Reusable KYC ID.

Why reuse changes the game

1. From re-typing to maintaining

Instead of entering the same data into multiple forms, the corporate:

• Enters it once into a structured profile.

• Approves how it’s represented.

• Updates it when reality changes.

Banks and other counterparties can consume this profile (or a subset of it) instead of sending static forms.

2. From static snapshots to a living history

One-off KYC creates time-limited snapshots: “this is what we believed at that date”.

A reusable profile allows:

• Versioning – you can see previous states and what changed.

• Event-driven updates – you trigger reviews when something meaningful happens.

• Smarter periodic reviews – you can focus on verifying changes rather than re-collecting everything.

For risk and compliance teams, this is a different world.

3. From purely bilateral to networked

Today, each bank and each corporate service provider often builds its own isolated view of a client.

A reusable corporate KYC profile doesn’t have to be a fully shared global utility from day one. It can start as:

• A profile managed by the corporate,

• Shared selectively with multiple counterparties,

• Enriched by checks and attestations over time.

Over time, this behaves like a networked identity layer – not a giant central database, but a set of reusable, verifiable profiles that can be trusted more than a one-off form.

The practical questions

Of course, this raises practical questions:

• Who maintains the profile – the corporate, a third party, or both?

• How do institutions map the profile to their internal policies and systems?

• How do we handle sensitive information that cannot be shared widely?

• What governance and assurance is needed so institutions can rely on the profile?

These are exactly the questions we think a modern KYC platform should help answer.

At Veridable, our approach is:

• The corporate controls and maintains its profile, with clear internal ownership.

• The profile is structured and levelled (L1/L2/L3), so institutions can see what has been checked and where they may need additional work.

• Sensitive data is permissioned and logged, with corporates controlling who sees what.

• Our managed KYC service can add an additional layer of checks and recommendations for organisations that don’t have that capability in-house.

From forms to identity

The future of corporate KYC doesn’t look like longer forms or more portals.

It looks like:

• A shared collaboration layer for the actual work between parties.

• A reusable profile that lives longer than any one KYC review.

• Right-sized automation and expert input where it truly reduces risk and friction.

That’s what we mean when we talk about reusable corporate KYC at Veridable:

not another place to upload documents, but a way to turn scattered forms into a living identity layer that everyone can work with.