Partnering for Advanced Business Identity Authentication: Socure and Baselayer Unite to Offer RiskOSTM
Socure and Baselayer Partner to Boost Business Verification and Fraud Prevention
In a strategic move to strengthen business verification capabilities and enhance fraud prevention, Socure and Baselayer have joined forces. This partnership aims to provide significant benefits across various sectors, including banking, fintech, B2B SaaS platforms, marketplaces, and government agencies.
The collaboration brings together Socure's AI-driven RiskOS platform and Baselayer's extensive business identity network. Socure's RiskOS platform, recognized as one of the top 20 leaders shaping the future of KYB (Know Your Business) by Liminal's 2025 Business and Entity Verification Report, now embeds Baselayer's high-fidelity business verification and fraud signals.
Enhanced KYB Capabilities
Baselayer's business identity network, which aggregates fraud and risk signals from over 2,200 financial institutions, is integrated into RiskOS. This integration strengthens the verification and onboarding of legitimate businesses, accelerating the KYB process while proactively stopping fraud before it starts. The combined effort makes the onboarding experience faster and more secure for financial institutions and other enterprises.
Fraud Prevention at Scale
The integration leverages consortium data from a wide network of financial institutions, increasing the detection and prevention of fraudulent activities. This is crucial for fintech, banks, and marketplaces where financial crime risks are high, reducing losses and operational risks.
Revenue Capture through Streamlined Onboarding
By reducing friction and improving the accuracy of identity and business verifications, the Socure-Baselayer integration enables faster onboarding of customers and clients. This efficiency boosts revenue opportunities by enabling businesses to quickly accept new, verified customers while minimizing false declines.
Global Coverage and Compliance Support
Socure’s RiskOS platform offers global identity verification and compliance capabilities, with multi-language and multi-document support across over 190 countries. This broad coverage benefits global fintechs and marketplaces needing cross-border regulatory compliance and risk assessment.
Partnership Expansion
The Socure-Baselayer partnership marks the latest expansion of the RiskOS partner ecosystem, which now includes over 85 pre-integrated data providers. The partnership allows Socure customers to onboard 100% of good business applications, providing a more efficient path to verifying sellers and service providers at scale for marketplaces.
In banking and lending, institutions can accelerate KYB and underwriting with higher auto-approval rates and fewer false positives. Fintechs and B2B SaaS platforms can fight promotional abuse and duplicate account creation using Baselayer's fraud signals layered into RiskOS workflows.
Earlier Fraud Detection and Increased Automation
The integration enables earlier fraud detection, reduces false positives, and increases automation in complex KYB workflows. This is achieved by combining Socure's advanced AI-driven identity verification and KYB tools with Baselayer's extensive business identity network and fraud signals.
In conclusion, the integration of Socure with Baselayer delivers comprehensive fraud and risk signal aggregation, combined with Socure’s advanced AI-driven identity verification and KYB tools. This enhances compliance, speeds business onboarding, prevents fraud, and ultimately supports revenue growth for sectors including banking, fintech, B2B SaaS platforms, marketplaces, and government agencies.
- The collaboration between Socure and Baselayer, as a result of the integration of Baselayer's business identity network into Socure's RiskOS platform, aims to provide high-fidelity business verification and fraud signals, particularly in the finance sector, enhancing their compliance and preventing fraudulent activities.
- By combining Baselayer's extensive financial institution network with Socure's advanced technology, the partnership strengthens global identity verification and compliance capabilities, delivering earlier fraud detection, increased automation, and ultimately boosting revenue growth for various sectors such as banking, fintech, B2B SaaS platforms, marketplaces, and government agencies.
