In February,
Socure launched its RiskOS platform, a combination of its identity graph technology and the orchestration engine inherited from its $
136 million acquisition of Effectiv late last year, which created an AI-powered centralized hub for its identity verification and fraud detection capabilities and pre-integrated third-party solutions.
At the time, founder and CEO Johnny Ayers called RiskOS a “transformational leap for Socure, expanding the scope of problems we can solve for our partners. Our vision is to be the platform of choice for any organization, enabling the seamless integration of third-party solutions into their decisioning.”
Since then, the Nevada-based company has expanded the platform's capabilities and integrations, adding tools such as a
workforce verification solution to defend against imposter workers and hiring fraud. More recently, in July, Socure touted its
growing global presence, highlighting that in 2023 it was operating in more than 40 countries but now has full coverage worldwide.
It has expanded its customer base to 3,000, and the number of third-party solutions on the platform has grown from more than 50 in February to over 85 today - all accessible through a single API.
Putting Baselayer onto the Platform
The latest addition to the list is
Baselayer and their management platform that touches on business identity, risk,
fraud, and know-your-business (KYB).
The partnership expands Socure’s reach in industries such as banking, lending, financial technology, marketplaces, and B2B, protecting against threats such as promotional abuse and duplicate account creation and offering more efficient seller and service-provider verification at scale. Combined, the collaboration envelopes about 40% of the U.S. financial services market.
According to Socure, its customer base already includes 18 of the country’s top 20 banks, including Citi and Capital One.
Through the partnership, Baselayer is integrating its business identity network – which aggregates fraud and risk signals from more than 2,200 financial institutions – into RiskOS.
Protecting Against a Growing Threat
Combining what the two vendors offer is a way to address the rapidly growing scale that threat groups operate at, according to
Baselayer co-founder and CEO Jonathan Awad.“Fraud and compliance risks are escalating rapidly,” Awad told MSSP Alert. “Criminal networks now operate at scale, with sophisticated toolkits, AI-generated synthetic identities, plus stolen business credentials that make them indistinguishable from legitimate enterprises.”
Awad also noted that legacy verification and compliance tools that rely on static data sources and manual reviews can’t adapt to the fast innovation by bad actors or detect fraud before it enters their networks.
“Meanwhile, regulatory scrutiny is intensifying,” Awad said. “Financial institutions are expected to verify not only their customers but their customers’ customers, often across multiple jurisdictions, while still meeting revenue targets.”
The Role of AI in Identity
The pressure is on enterprises, SMBs, and MSSPs to verify entities in real-time and see the entire risk profile at once rather than sorting through snapshots of single databases. To do this, Awad said, they need to integrate multiple data sources, monitor them for changes, and apply AI to detect patterns at scale and faster than what humans or legacy tools can do.
“AI is critical, but only when paired with vast, high-quality data and delivered as actionable intelligence for compliance teams,” the CEO said. “Baselayer’s AI models don’t just flag anomalies, they map connections across millions of businesses in our proprietary network, uncovering hidden relationships and risk indicators.”
In a
blog post in June, Nelson Cicchitto, chair and CEO of identity access management solution vendor
Avatier, wrote that AI-powered identity tools can help organizations combat complex fraud schemes, secure remote workforces, and protect critical infrastructure.
“The future of identity verification unquestionably belongs to artificial intelligence,” Cicchitto wrote. “The question is no longer whether AI will transform identity verification, but how quickly organizations will adapt to this new reality. Forward-thinking enterprises are already deploying these technologies and reaping the benefits of more secure, seamless authentication experiences.”
A Win for MSSPs
MSSPs and MSPs will see similar benefits from Baselayer’s work with Socure, who, like security teams need to not only defend against cyber and financial threats, but also ensure compliance, Awad said.
With the integration of Socure’s RiskOS platform with Baselayer, they “get unified KYB, fraud detection, and continuous risk monitoring in a single workflow, enabling faster onboarding, lower false positives, and proactive alerts,” he said.
“By embedding advanced fraud and compliance controls directly into their processes, they move from reacting to incidents to preventing them entirely,” Awad said. “The reach of Baselayer’s consortium data, combined with Socure’s orchestration and decisioning power, enables them to protect more customers, more effectively, with fewer resources, while demonstrating compliance to regulators and auditors with confidence.”
