A business going through onboarding with several payment providers may have to submit the same documents and undergo KYB checks each time.
AiPrise wants to change that with a new feature called Token Sharing, which lets financial institutions exchange verified customer information when they are involved in the same transaction.
The company says repeat business verifications on its platform have increased sixfold over the past year. Some businesses have been verified by as many as 13 different companies. This often happens with cross-border payments, where a transaction can involve an on-ramp, a payout provider and local banking partners. Each has its compliance process, even if another institution has already checked the business.
With Token Sharing, companies can access more than just another provider’s approval or rejection. The token includes the information submitted by the customer, the checks performed, the sources consulted and the supporting audit trail. The business has to agree to share the information.
A receiving institution can then decide what it can reuse. If the existing checks meet its requirements, it does not have to repeat them. If something is missing, it can request additional information or run further checks. The final onboarding decision remains with that institution.
Alfred, BlindPay, Conduit, dLocal, KAST, Mesta, MoneyGram, nsave, Saber Money, Tazapay and Walapay are among the companies participating in the network.
Rushabh Shah, co-CEO of AiPrise, said financial institutions still tend to handle compliance separately, even when they work on the same transactions. Token Sharing is intended to let them use information already collected by another provider without having to accept that provider’s decision.
The token is not limited to a single exchange. It stays active throughout the customer relationship, so institutions can ask follow-up questions and share additional documents through the same channel. At present, these requests can take three to five days to resolve, according to AiPrise. The company expects the shared process to reduce that wait.
Chaitanya Sarda, CEO of AiPrise, said the idea came in part from the company’s own experience. In its first six months, AiPrise went through 27 KYB checks, with banks, payment providers and vendors repeatedly asking for the same documents and checking the same registries.
“Businesses shouldn’t have to start from scratch every time they join a new financial platform,” Sarda said.
Token Sharing is available to AiPrise customers from November 12, 2026. AiPrise provides KYC, KYB, anti-money laundering screening and document verification through a single API.
Its platform covers more than 200 countries and 500 government and business registries. The company is backed by Y Combinator and is headquartered in San Jose, California.
