Baselayer is a cutting-edge technology company based in New York City, specializing in AI-powered solutions for business identity verification, fraud prevention, and compliance. The company serves banks, lenders, and fintech firms, helping them quickly and confidently verify small business clients. Operating in the financial services market, Baselayer's business model revolves around providing a comprehensive suite of tools that streamline the onboarding process, reduce fraud risk, and ensure compliance with various regulations.

The platform offers customizable solutions that can be integrated into existing fraud, Know Your Business (KYB), risk, and portfolio monitoring systems. By leveraging artificial intelligence, Baselayer enables financial institutions to mitigate the risks associated with working with small businesses, thereby saving time and reducing costs. The company generates revenue through subscription fees for its platform and additional charges for customized solutions.

Founded by experienced entrepreneurs Jonathan Awad and Timothy Hyde, Baselayer aims to create a centralized, privacy-compliant entity for data sharing between financial institutions. This coordinated effort enhances the overall security and efficiency of the commercial banking and lending space.

Keywords: AI-powered, business identity verification, fraud prevention, compliance, financial institutions, KYB, risk monitoring, data sharing, fintech, onboarding.