What does Bancoli's Know Your Vendor verify?

Know Your Vendor (KYV) runs a standardized US bank-grade set of checks on a supplier or business partner.

When should we run KYV on a vendor?

KYV is typically used for new vendors, higher-value or critical supplier relationships, and periodic reviews where you want a documented view of who you are working with before or while you move funds.

How does KYV support vendor onboarding and approvals?

KYV verification results can be attached to onboarding files and internal approval flows so finance, procurement, and compliance teams share the same verification outcome when deciding whether to activate or keep working with a vendor.

Does KYV replace our internal vendor risk policy?

KYV supports your vendor risk framework with a structured verification process and documented outcomes. You still define your own thresholds, risk appetite, and policy rules.

How does KYV relate to payments and payout workflows?

KYV helps you decide which vendors to connect to your payout workflows. Running KYV before the first payment supports safer use of payment tools and gives teams more confidence when enabling or continuing vendor payouts.

Trust your network

Increase transparency in your supply chain with U.S. bank-grade regulatory and compliance processes.

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Vendor due diligence for stronger risk management

A single unverified partner can trigger payment friction, compliance questions, and avoidable remediation work across teams, especially in global supply chains where on-site checks are harder to run.

Illustrated portrait of a man with glasses on a blue background with a floating gold coin, symbolizing a verified vendor.

Make sure you pay
the right company

Avoid paying fraudsters with similar-sounding names to your already existing vendors. Bancoli's verifications include checks for corporate documents and government databases.

Know your vendor before making payments

Use Know Your Vendor verification when you are adding new suppliers, renewing higher-value contracts, or strengthening your vendor risk framework, especially before you connect a vendor to your payout workflows or financing programs.

Illustrated portrait of a woman on a blue background with a floating gold coin, symbolizing vendor transparency.

Trust your network

Vendor due diligence for stronger risk management

Make sure you pay the right company

Know your vendor before making payments

Know Your Vendor FAQ

What does Bancoli's Know Your Vendor verify? +

When should we run KYV on a vendor? +

How does KYV support vendor onboarding and approvals? +

Does KYV replace our internal vendor risk policy? +

How does KYV relate to payments and payout workflows? +

Make sure you pay
the right company