OneCredential helps community banks quickly and securely verify the legitimacy, ownership, and compliance status of small business clients—before opening accounts, issuing credit, or funding loans.
Watch how OneCredential transforms traditional business onboarding from weeks to days, providing comprehensive verification that meets banking compliance requirements.
Real-time business legitimacy verification
Automated compliance documentation
Instant risk and ownership assessment
The challenge: Rising risk, limited resources
Community banks as lifelines
Community banks serve as lifelines for local businesses. But:
Fraudulent or inactive businesses can slip through manual checks
Beneficial ownership data is often self-reported and unverified
Small teams struggle to manage growing compliance requirements
There's no easy way to validate minority or small business status
Manual onboarding delays frustrate both bankers and clients
Exposure risks
These gaps expose banks to financial, reputational, and regulatory risk—especially in lending, onboarding, and small business servicing.
Key risk areas:
Financial exposure to fraudulent entities
Regulatory compliance violations
Reputational damage from bad actors
Operational inefficiencies in verification
Fast, compliant business verification
OneCredential delivers AI-powered, fully documented business verifications in 1–3 business days. No complex integrations required. Each verified business receives a digital credential you can trust and file for your records.
Legal business status
State registration, active standing verification
Ultimate beneficial ownership
Complete UBO validation and verification
Identity & liveness
Identity verification of business owners
Licenses & permits
Required licenses, permits, and insurance
Business classifications
Minority, women, veteran, disability, and small business status
Risk screening
Sanctions, PEP lists, and risk flag monitoring
Document authenticity and expiration monitoring
Comprehensive verification process with ongoing monitoring and alerts for any changes.
Use cases for community banks
Account onboarding
Speed up new business account opening with verified credentials and ID-verified UBOs.
Lending & SBA programs
Ensure applicants meet registration, ownership, and small business eligibility criteria—digitally documented and auditable.
Risk & compliance
Reduce exposure to shell companies or flagged entities while maintaining local-first relationship banking.
Grants, PPP, and public lending audits
Provide evidence of business legitimacy, minority status, and ownership as required by regulators or funding partners.
Who benefits
Relationship managers & branch teams
Loan officers & credit committees
BSA/AML & compliance staff
Community development & CRA officers
Executive management and risk committees
Why OneCredential works for community banks
Easy to use — start with a single verification or scale with bulk upload
Aligns with FFIEC, FinCEN, CRA, and SBA documentation standards
Supports underserved and diverse business communities
No software licensing fees for banks — just pay per verified business, or pass the cost to applicants
Designed for regulated industries and low-tech environments
Get started
Verify a business in minutes — or invite one to get credentialed. You can sponsor the $149 fee or request the business to complete it on their own.
