Baselayer is an AI tool for risk assessment and fraud detection. It gives identity insights so you can make better business decisions. In addition, there are automated tools available for Know-Your-Business, fraud, and risk management. This makes it easy to verify the businesses. The best thing about Baselayer is that it can understand the business’s legal history, web presence, and industry to prevent risks and fraud.
In addition, you can streamline the review process by conducting automatic reviews of business processes. Lastly, it tracks updates from credit and banking authorities so you can optimize the portfolio.
| Baselayer Review Summary | |
| Performance Score | A+ |
| Detection Quality | Automated and accurate detection of risks and frauds |
| Interface | Slightly difficult for beginners |
| AI Technology |
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| Purpose of Tool | Manage the KYP, fraud, and risk assessment for business streamlining |
| Compatibility | Web-based Interface, API access |
| Pricing | Not available |
Who is Using Baselayer?
- Financial Institutions: They can verify the identity of business customers, assess creditworthiness, and detect fraudulent activities. Also, they can streamline onboarding processes and reduce the risk of loan defaults.
- Fintech Companies: They can assess the risk of borrowers and make informed lending decisions. Also, they can comply with regulatory requirements and protect against fraud.
- E-commerce Businesses: They can verify the legitimacy of sellers and protect buyers from scams. Also, it helps prevent fraudulent transactions and reduce chargebacks.
Baselayer Key Features
| Risk Assessment | Banned Borrower Detection | KYB Streamlining |
| Portfolio Optimization | Fraud Evaluation | Proactive Updates Monitoring |
| Automated Business Verifications | Customizable Toolkit |
Is Baselayer Free?
Baselayer’s website doesn’t specify information about pricing. However, they provide free consultation, so we recommend that you sign up for a consultation to get a quote.
Baselayer Pros & Cons
Pros
- Use state secretary validation for business verification.
- Predictive models to identify frauds and risks.
- Automates business review processes for operational efficiency.
- Manage and monitor the business portfolio.
- Adapts to the business’s needs.
- Complies with SOC-2 security standards.
Cons
- Only suitable for businesses operating in the United States.
FAQs
Does Baselayer allow integration support?
Yes, Baselayer offers API for smooth and easy integration with current business systems. Also, it has an adaptable architecture for easy business integrations.
Is Baselayer a secure option?
Yes, Baselayer is extremely secure because it has SOC-2 security certifications. This means your data will be secure and private.
Does Baselayer offer customizable solutions?
Yes, Baselayer has a customizable toolkit available to help with fraud and risk identification. In addition, you can customize the portfolio monitoring systems.
