HIFI Docs

KYC vs. KYB

Different information is required based on the user type, including both non-documentary and documentary verification.

User Type	Check	What’s verified
Individual	KYC	Identity, address, date of birth, government ID, etc.
Business	KYB	Legal entity details, beneficial owners, incorporation docs, etc.

For a business user, associated party, and ultimate beneficial owner (UBO) information is required in addition to the company information.

All KYBs will go through our compliance team’s manual review

Update compliance information – Upload the user’s profile via PATCH /v3/users/:user_id/compliance/profile
Upload documentation – Upload the user’s documents via POST /v3/users/:user_id/compliance/documents
Submit compliance application – Submit the user’s compliance data for screening via POST /v3/users/:user_id/compliance/submit
Verification – HIFI reviews the submitted information
Status updates – Receive results via webhook or by polling GET /v3/users/:user_id/compliance/status
Revise information & documentation – If there’s an issue with the applicant’s information, update the affected fields and resubmit
Resolve RFIs via email – Our compliance team may reach out for additional information

Status	Description
`NOT_SUBMITTED`	Compliance check has not yet been requested
`PENDING`	Application has been submitted and is awaiting review
`IN_REVIEW`	Application is currently being manually reviewed by the compliance team
`APPROVED`	Application has been approved by our compliance team
`REJECTED`	Application has been rejected by our compliance team
`REQUIRES_INFO`	Applicant’s compliance data requires updates before resubmitting