Baselayer has joined the NayaOne Tech Marketplace, offering comprehensive identity insights and advanced solutions for KYB (Know Your Business), business data, risk management, and fraud prevention. The partnership will set new standards in business verification and provide financial institutions with enhanced tools to mitigate risk.
Delivering the most comprehensive identity insights, Baselayer’s platform equips financial institutions with fully automated solutions for KYB, Risk, and Fraud management. Baselayer directly links to authoritative government databases, providing verification for businesses as young as one day old. Their innovative use of AI agents to survey business websites, review sites, and social media creates a comprehensive risk profile for each business.
Baselayer addresses critical issues faced by banks and financial institutions:
- Stale and Inaccurate Data: Many small businesses struggle to get approved for financial services due to outdated or incorrect information. Baselayer's platform ensures data accuracy and currency.
- Fraud Losses: With increasing fraud rates, financial institutions experience significant losses. Baselayer’s fraud management tools are designed to minimise these risks effectively.
- Costly Solutions: Current market solutions are often expensive and inaccessible for many institutions. Baselayer provides a cost-effective alternative without compromising on quality and efficiency.
Case Study
Baselayer has collaborated with Rho, Capchase, and Arc, significantly enhancing their operational efficiency. These partnerships have resulted in increased auto approval rates and a marked reduction in loan defaults, showcasing Baselayer’s efficacy in providing reliable and actionable business data.
Partnership with NayaOne
This partnership with NayaOne allows financial institutions to access Baselayer’s KYB and business data solutions through our digital sandbox and tech marketplace. This integration supports NayaOne’s mission to enable and facilitate bank-fintech partnerships, offering a secure and innovative environment for testing and scaling new technologies
Financial institutions can now explore Baselayer’s offerings in our secure testing environment, benefiting from quick integration and reduced onboarding times, significantly accelerating their innovation cycles.
Delivering the most comprehensive identity insights, Baselayer’s platform equips businesses with fully automated solutions for KYB, Risk, and Fraud management, setting new standards in business verification.
