iDenfy has launched Spanish-language localisation for its Know Your Business verification workflows.
The workflow combines partner-approved native translations with AI-generated fallbacks, an approach the company says is intended to make business verification read and sound more natural than a standard machine translation.
Localisation has historically been applied mostly to consumer-facing identity verification, where an individual uploads a document and completes a liveness check. According to Domantas Ciulde, CEO of iDenfy, business verification carries similar language sensitivities, but with higher stakes, since a KYB session typically asks a company representative to confirm details about the business itself, including its ownership and legal standing, rather than a single individual's identity. The company argues that a KYB process perceived as unclear or machine-generated increases the likelihood of an abandoned session among business users.
KYB dashboard and due diligence coverage
With this in mind, iDenfy's KYB service centres on a due diligence process used to verify a business partner's legal existence, ownership structure, and legitimacy before a commercial relationship is established. The dashboard provides access to more than 180 company registries across 120 countries, alongside credit reports and ratings intended to give partners visibility into a business's financial standing. It also includes ultimate beneficial owner (UBO) screening, which draws on real-time shareholder information and runs standard KYC checks on beneficial owners.
The platform supports what iDenfy describes as perpetual KYB, a model that replaces one-time onboarding checks with ongoing monitoring across global business registries rather than treating verification as a single event. Additional features include AI-driven company data cross-matching, EIN and TIN verification, Secretary of State (SOS) checks, and AI-generated company reports that consolidate registry, ownership, and risk data. Furthermore, partners can also apply custom risk-scoring rules to flag sanctioned countries, alongside screening against law enforcement and international sanctions lists, including those maintained by the NCA, Europol, the FBI, the World Bank, Interpol, and SECO.
Regulatory and market context
KYB checks are increasingly required by regulators across banking, payments, and fintech as part of anti-money laundering procedures, particularly for identifying UBOs and screening politically exposed persons. Companies that do not apply a reliable KYB process risk onboarding shell entities, misrepresenting ownership structures, or engaging with sanctioned counterparties, exposing themselves to regulatory penalties and reputational damage.
The Spanish-speaking market has become a notable growth area for fintech and other business services. Data cited by iDenfy from Fintech Global shows that fintech funding in Latin America reached USD 575 million in the first quarter of 2026. Spain has also recorded a steady increase in new company registrations in recent years, adding to the number of businesses that partners operating in the region need to verify. For companies operating across Spain and Latin America, a KYB process available in Spanish is presented by iDenfy as a practical requirement for onboarding business customers and meeting local anti-money laundering expectations, rather than an optional addition.
The Spanish-language KYB workflows are available to partners without additional coding or implementation work.
