The Baselayer Platform

The Baselayer Identity Network

Traditional business verification stops at confirming "this business exists legally." But fraud and risk patterns emerge from behavior across the ecosystem - patterns no single institution can see on their own.

What It Is

Baselayer's Identity Network is a proprietary graph database that tracks business entities and their application behavior across participating financial institutions. Each business is assigned a persistent, anonymous UUID that follows it across the ecosystem.

Why We Built It

When a fraudster gets declined by one lender, they immediately apply to ten others. When a business is stacking credit across multiple institutions, no single lender sees the full picture. When synthetic identities proliferate, they exploit the fact that institutions operate in silos.

The Identity Network solves this by detecting:

Velocity risk: Rapid-fire applications across multiple institutions
Credit stacking: Businesses accumulating more debt than they can service
Synthetic entities: Fabricated businesses that pass individual checks but fail pattern analysis
Repeat fraud: Businesses or officers connected to prior fraud cases reapplying

All while maintaining privacy - institutions benefit from network intelligence without revealing competitive information about which specific companies they're evaluating.

For detailed information on how to use Identity Network signals in your decisioning, see the dedicated Identity Network guide.

The Fraud Consortium

When a business commits fraud at one institution, they often move to the next, exploiting the fact that fraud information isn't shared effectively across the industry.

What It Is

The Fraud Consortium is a shared intelligence network where participating financial institutions report confirmed fraud cases. This creates a collective defense system against repeat offenders.

Why We Built It

The current fraud reporting system (SARs filed with FinCEN) is intentionally confidential and not accessible for real-time screening. This creates a critical gap:

Fraudsters caught at Bank A can immediately apply to Banks B, C, and D
Over 3 million SARs were filed in 2023, but less than 5% resulted in account closures
Each institution fights fraud in isolation, unable to benefit from others' painful lessons

The Fraud Consortium closes this gap by allowing institutions to:

Report confirmed fraud (business identities, fraud types, loss amounts - all anonymized)
Screen applicants in real-time against known fraud entities
Prevent repeat fraud before losses occur, not after
Build network effects where more participants mean better protection for everyone

Unlike traditional fraud intelligence sharing which is slow and confidential, consortium data is immediately actionable during the KYB process.

For details on how to report fraud cases and interpret consortium signals, see the dedicated Fraud Consortium guide.