Baselayer is an AI-powered platform designed to streamline business verification, fraud detection, and risk management for financial institutions. By automating Know Your Business (KYB) processes, Baselayer enables banks, lenders, and fintech companies to efficiently verify small business clients, reducing manual review times and associated costs. Its proprietary machine learning models analyze various data sources to provide comprehensive insights into a business’s legal history, industry classification, and web presence, facilitating informed decision-making.
Founded in New York City by entrepreneurs Jonathan Awad and Timothy Hyde, Baselayer addresses the challenges financial institutions face in onboarding small businesses. The platform’s AI-driven risk assessment tools detect potential fraud indicators, such as banned borrowers and synthetic identities, enhancing the security of lending processes. Additionally, Baselayer offers portfolio monitoring features that provide real-time updates on business status changes, ensuring institutions stay informed and proactive in managing client relationships.
