Industry descriptor reference

You must collect the business industry of your client by capturing a NAICS code.

There are two ways to provide the NAICS code using the client onboarding API:

• Submit the NAICS code directly in the organizationDetails.naics field.
• Submit the industry category and industry type under the organizationDetails.industryCategory and organizationDetails.industryType fields.

To ensure accurate and efficient collection of your client's business industry information, we recommend leveraging the Business Classification Recommendation API. This API automatically suggests the most relevant NAICS codes based on your client's organization description, streamlining the onboarding process and improving data quality. By integrating this recommendation service, you can confidently capture the correct NAICS code for submission in the client onboarding API, whether directly in the organizationDetails.naics field or through validated combinations of industry category and type.

When using the industry category and type to capture the NAICS code, the combination of industry types that can be submitted are validated against its associated industry category in the table below.