What is Baselayer AI ?
Baselayer is a cutting-edge B2B platform that leverages proprietary artificial intelligence to transform how financial institutions manage Know Your Business (KYB) processes, fraud detection, and risk assessment. Founded in 2023, Baselayer addresses the complexities of business verification by automating onboarding workflows and providing real-time insights into potential risks. Its AI-driven solutions enable instant verification of businesses across the United States, incorporating state secretary validation, IRS/EIN matching, sanctions screening, and detection of business officers and registered agents. By analyzing a borrower’s industry, legal history, web presence, and financial projections, Baselayer enhances risk assessment and uncovers fraudulent activities such as credit stacking and synthetic identity creation. The platform’s automation capabilities significantly reduce manual reviews, streamlining operations and improving efficiency for financial institutions. With its innovative approach, Baselayer sets new standards in business verification and fraud prevention, empowering organizations to confidently onboard clients and mitigate risks in a rapidly evolving financial landscape.
Key Features
Instant Business Verification
Baselayer enables rapid and reliable business verification by leveraging state secretary validation, IRS/EIN matching, sanctions screening (OFAC, PEP), and detection of business officers and registered agents.Advanced Risk and Fraud Detection
Utilizing sophisticated predictive models, Baselayer effectively identifies potential risks and fraud indicators, including credit stacking and synthetic identity creation, enhancing the security of financial operations.Manual Review Automation
The platform minimizes the need for manual intervention by automating review processes, thereby improving operational efficiency and reducing the potential for human error.Portfolio Monitoring
Baselayer provides tools for proactive monitoring of business changes and risk indicators, aiding businesses in staying ahead of potential issues and maintaining compliance.Customizable Solutions
Offering a flexible platform, Baselayer can be tailored to integrate with existing systems or used as a standalone solution, accommodating various business needs and workflows.
Key Benefits
Enhanced Efficiency
By automating KYB, risk assessment, and fraud detection processes, Baselayer significantly reduces onboarding times and operational costs for financial institutions.Improved Accuracy
The use of AI-driven predictive models ensures more accurate identification of potential risks and fraudulent activities, enhancing the reliability of business verifications.Scalability
Baselayer’s customizable platform supports scalability, allowing financial institutions to adapt the solution to their growing and evolving needs.Regulatory Compliance
With features like sanctions screening and continuous portfolio monitoring, Baselayer assists institutions in maintaining compliance with regulatory requirements.
Pricing Plans
Baselayer does not publicly disclose its pricing details. Interested parties are encouraged to contact the company directly to discuss tailored solutions and obtain detailed pricing information based on their specific needs and scale.
Pros and Cons
Pros
Rapid and reliable business verification processes.
Advanced risk and fraud detection capabilities.
Automation reduces manual workload and potential errors.
Customizable to fit various business requirements.
Supports regulatory compliance through continuous monitoring.
Cons
Pricing information is not publicly available, requiring direct contact for details.
Integration with existing systems may require additional resources and time.
Conclusion
Baselayer stands out as a comprehensive AI-powered platform that streamlines KYB, risk assessment, and fraud detection processes for financial institutions. By automating complex verification tasks and providing advanced monitoring tools, Baselayer enhances operational efficiency, accuracy, and compliance. Its customizable nature ensures it can adapt to various business needs, making it a valuable asset for institutions aiming to modernize and secure their verification workflows.