Binance Reduced KYB Processing Time by 55% across 55 countries

pointsbet-logo

About Binance

Binance is redefining global business onboarding.

Binance is the world’s largest cryptocurrency exchanges, serving millions of users across the globe. The platform offers a wide range of digital asset trading and financial services, with a strong focus on innovation, security, and compliance. As a market leader, Binance continues to expand into new markets while navigating evolving regulatory expectations.

binance-vertical-logo-1
+0%
Approval Rates
-0%
Business Processing Time
-0%
Report Generation Times
Coverage
Across 55 Countries
 
 
"FrankieOne helped us unlock the scalability we needed in KYB without compromising on compliance or speed. Their automation and data orchestration capabilities have directly contributed to our global onboarding success, turning a fragmented process into a competitive advantage."
 

The Challenge

An expensive, time-consuming process that threatened to limit market entry speed and undermine compliance efficiency.

Icon Insights
Jurisdictional complexity
Different data requirements and legal form definitions created inconsistencies and increased review times.
Icon Audit Trail
Manual overhead
Analysts were manually processing shareholder chains, extracting director and UBO information from fragmented sources.
Icon AI
Inconsistent onboarding

Legal form mismatches and unstructured input data slowed applications.

Icon Network
Scalability constraints
The current approach struggled to provide the speed and consistency required to meet Binance's growth targets, due to the large volume of entities to process.
Group 36991 (1)

The FrankieOne Solution

To keep pace with rapid global expansion and rising compliance requirements, Binance chose FrankieOne to deliver a single, unified KYB orchestration layer. This replaced manual, fragmented processes with automated workflows, enabling near real-time onboarding in over 55 countries.

Through one API connection, Binance instantly tapped into more than 165 global registries. This eliminated friction across markets with different compliance rules, while FrankieOne’s platform quietly managed the complexity, applying smart, jurisdiction-specific rules to ensure every onboarding met local requirements from day one.

Key Capabilities Delivered

Global Registry Access

Direct, automated connectivity to over 165 registries worldwide, covering 55+ countries. FrankieOne’s platform dynamically applied local jurisdiction rules, from UBO thresholds to document type requirements, eliminating guesswork and ensuring compliance.

Automated UBO chain retrieval

Complex corporate ownership structures were parsed automatically, surfacing UBOs with precision. This removed the need for manual analyst intervention in mapping shareholder chains.

Registry-driven pre-fill

Director, shareholder, and company information was automatically populated, reducing manual data entry and the risk of human error.

Precision parsing engine

Fragmented PDFs, structured registry data, and other disparate inputs were normalised into compliance-ready formats, ensuring analysts received clean, usable data.

Real-time SLA support

KYB documents were verified and returned within minutes, with many approvals processed in seconds, drastically reducing time-to-onboard compared to previous multi-day turnaround times.

Looking Ahead

With 80% of KYB reports now generated in under one minute, Binance has effectively removed a major operational bottleneck. The partnership with FrankieOne is now being extended to support additional market entries and to adapt to evolving global compliance requirements.

By continuing to automate document retrieval, structure complex registry data, and eliminate manual review steps, FrankieOne is helping Binance stay ahead of regulatory expectations, positioning the company for the next phase of global onboarding excellence.

Interested in individual verification?