Partnership Established Between Socure and Baselayer for State-of-the-art Business Identity Verification using RiskOSTM

Partnership Established Between Socure and Baselayer for State-of-the-art Business Identity Verification using RiskOSTM

Socure and Baselayer Partner to Boost Business Verification and Fraud Prevention

In a significant move, Socure and Baselayer have joined forces to enhance business verification, fraud prevention, and KYB (Know Your Business) capabilities within the financial services industry. This partnership integrates Baselayer’s comprehensive business identity network into Socure’s RiskOS platform, providing access to aggregated fraud and risk signals from over 2,200 financial institutions [1][2].

The collaboration brings several key benefits:

1. Wider Market Reach: Approximately 40% of the U.S. financial services market is now within reach, thanks to Socure's network of approximately 3,000 customers. This expansion amplifies the adoption of advanced identity verification solutions across banking, lending, fintech, and B2B SaaS platforms [1].
2. Improved Fraud Detection: By combining Baselayer’s fraud signals with Socure’s automation and machine learning capabilities, financial institutions can detect fraud earlier, reduce false positives, and block promotional abuse and duplicate account creation more effectively [1][2].
3. Streamlined KYB Workflows: The partnership increases automation within complex KYB workflows, leading to quicker onboarding and underwriting processes, higher auto-approval rates, and a more streamlined experience for both traditional businesses and sole proprietors. This also helps improve compliance and regulatory adherence [1][4].
4. Broader Industry Applications: Beyond financial services, the integrated platform supports marketplaces in efficiently verifying sellers and service providers, and enables government agencies to expedite grant disbursement and contract vetting using unified verification of businesses and their ultimate beneficial owners (UBOs) [1].
5. Technology and Security Excellence: Baselayer’s AI-powered business identity verification system, combined with its SOC 2 certified infrastructure, ensures data security and compliance. Meanwhile, Socure’s RiskOS platform offers an extensive partner ecosystem and flexibility through a single, scalable API [1][3].

In summary, the Socure-Baselayer partnership delivers a next-generation, AI-driven business verification and fraud detection system that drives faster revenue capture, stronger compliance, and enhanced risk decision-making at scale across the financial services sector and adjacent industries [1][2].

Notably, both Socure and Baselayer were named among the top 20 leaders shaping the future of KYB in Liminal's 2025 Business and Entity Verification Report. This strategic partnership underscores Socure's commitment to growing its partner ecosystem [5].

[1] Socure Press Release, "Socure and Baselayer Partner to Enhance Business Verification and Fraud Prevention", 2023. [2] Baselayer Press Release, "Baselayer and Socure Partner to Drive Advanced Identity Verification and Fraud Detection", 2023. [3] Socure Website, "RiskOS: The Future of Risk Decisioning", 2023. [4] Baselayer Website, "Business Identity Network: Aggregating Fraud and Risk Signals", 2023. [5] Liminal 2025 Business and Entity Verification Report, "Top 20 Leaders Shaping the Future of KYB", 2025.

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