NexaVerify + NexaScore
Know who you are paying before anyone signs.
The problem it solves
A supplier's trade licence can be fake or lapsed, its TRN invented, and the bank account on its invoice someone else's. Checking each by hand is slow, and the evidence is rarely kept.
Who it helps
- Banks and insurers onboarding outsourcing providers
- VASPs and DIFC and ADGM firms
- Procurement and finance teams paying suppliers
- Government contractors checking subcontractors
Product video · NexaVerify
A NexaPair × Kayak Strategic Advisors production. Screens use fictional data.
How it works
- Add the supplier: the wizard checks for duplicates as you type
- Run the UAE checks: trade licence, TRN, beneficial owners, IBAN and ICV
- Attach the evidence; problems become alerts
- NexaScore sets the tier; approval waits until due diligence is complete
What is inside
Trade licence
Issuing authority, number, activities and expiry, with the evidence attached
TRN
Format check (15 digits starting 100) and the FTA record
Beneficial owners
Owners at 25% or control, screened like the company
UAE bank accounts
IBAN structure, checksum and bank, with a change alert
ICV certificate
In-Country Value score and validity recorded
Registry enrichment
GLEIF and OpenCorporates compared field by field; a person applies the changes
How it is useful to you
- No vendor is approved before it is verified
- Payments are not diverted to an account in someone else's name
- A dated evidence file for every check
- Hours of manual checking cut to minutes
Rules it helps you meet
- CBUAE C 1/2026, Art. 13.3: due diligence before any arrangement high confidence
- DFSA GEN 5.3.21(3); FSRA GEN 3.3.31: due diligence on providers high confidence
- VARA Company Rulebook Part IV, Section B high confidence
This is a summary for orientation, not legal advice. Always rely on the official text, and take advice on your own situation. For federal legislation, the Arabic text prevails.
NexaLearn
Learning series on NexaLearn
Short lessons, each with a check of what you learned. Sign in to NexaLearn with a one-time code sent to your email.
Open the course on NexaLearn- Lesson 1 Why verify before you pay
- Lesson 2 Running the UAE vendor checks
- Lesson 3 Evidence, alerts and the risk score