Baselayer

Last month I had the pleasure of hosting a panel on fraud-fighting for our annual Gilgamesh Ventures Summit. The session featured three industry leaders: Adi G., COO and Co-Founder of Sardine; Jonathan Awad, CEO and Co-Founder of Baselayer; and Nick Peddy, CTO of CLEAR. The discussion focused on the cutting-edge use cases of AI in fraud detection and prevention, emphasizing the importance of analyzing user behavior, device interactions, and leveraging network effects through data sharing. We also explored the challenges presented by sophisticated fraud rings, the evolving regulatory landscape, and the potential impact of AI advancements on security measures like CAPTCHA. At Gilgamesh Ventures, we have been proud investors in Jonathan and Timothy's vision of Baselayer since day one, and this was a great opportunity for the audience to learn from Jonathan how the company is revolutionizing trust-building with clients through AI-driven automation of data collection and analysis. At Baselayer they have built network-based and events-based architecture that collects and analyzes data from all applications to construct a comprehensive view of fraud. This holistic approach is the key to tackling sophisticated fraud rings, particularly those exploiting fair lending practices. Jonathan also introduced Baselayer's straightforward yet powerful strategy: directly asking lenders to share their lists of fraudulent entities. This simple and collaborative idea can result in blocking these entities from the entire network, effectively amplifying fraud prevention by singling out bad actors. Baselayer is an innovative rocketship that has already partnered with some of the biggest names in the industry, including LoanPro, Taktile, Alloy, Rho, Torpago, Slope, Capchase, and 100s more. Its use of AI and commitment to cultivating industry-wide collaboration have quickly positioned the company at the forefront of safeguarding our financial ecosystem. I’m glad the audience got to hear from Jonathan's insights and it was no surprise we had a packed room with 100+ founders and investors eager to learn from them.

**Warning** Heartwarming, non-Fintech post below --> I went to Cambodia last week with LoanPro's charity arm Become More (!) for the most incredible and fulfilling week of service in my life to date Rhett Roberts, Ben Roberts, Wade C. Roberts, Ph.D., Lloyd Roberts --> These four brothers have donated decades of their lives and millions of dollars to supporting 50K+ Cambodians and lifting them from poverty Baselayer has donated to Become More --> ahead of Thanksgiving, consider a corporate donation as well (especially if you work with LoanPro) We spent the week learning and serving rural Cambodians (Khmer): --> Understanding the genocide of 1975-1979; the Khmer Rouge killed ~2 million people // ~25% of the ENTIRE Cambodian population --> Living in a Homestay (pic below) w/ a village leader (aka Wiseman); one of my favorite things he said was "you have two ears and also two mouths - one speaks the truth, and the other speaks evil; the one you listen to becomes you" --> Serving areas of poverty (pic below) - shantytowns and schools in rural Cambodia; watching children become ECSTATIC about two eggs rocked me to my core and reminded me of how ALL of my problems are 1st world problems (!) Thank you to Colton Pond & Rhett Roberts for inviting me! Thank you to Timothy Hyde for encouraging me to go and taking the reins of Baselayer for the week. More to come on this trip...

Over the past month we've explored how generative AI is transforming each stage of the retail and SMB banking lifecycle. Today, we're sharing our market map of the startups building this future. From applications to underlying infrastructure, here are the companies shaping each stage: Personetics Swaystack Dimply Creating personalized banking experiences that convert Lama AI Greenlite Parcha Baselayer Streamlining onboarding and loan origination Posh.ai Kasisto, Inc. interface.ai Glia Building next-gen conversational banking Sedric.ai Domu Making compliance and collections smarter and more customer-centric Cognaize Senso Unlocking value from unstructured data Spade Gretel Gradient Building the data transformation layer for AI-powered banking Our full analysis here: https://lnkd.in/e3nW3aAE Foundation Capital

🔮 The future of customer onboarding is here. AI-driven, third-party data solutions are empowering fintechs to onboard customers faster and with more accuracy than ever before. In our latest blog article, we explore how industry leaders like {{linkedin_mention(urn:li:organization:3030975|Socure)}} and {{linkedin_mention(urn:li:organization:103398184|Baselayer)}} are revolutionizing onboarding through cutting-edge verification and fraud prevention solutions. Learn how your team can leverage these innovations for smarter risk management and growth. Read the full blog post here: https://lnkd.in/e2xCPtmz

I LOVED seeing this picture... As someone who applied to work at Bain & Company 4 times during college... and didn't even get an interview all 4 times 👀 ... Pretty cool to see Baselayer co-hosting an event with them to kick off Money20/20 - and I love the way the logos look next to each other 💥 Perfect way to kick off the week with the always amazing This Week in Fintech & Nik Milanović, at Tao Group Hospitality --> Sunday night Baselayer held back 15 spots for last-minute friends... comment below if you want one or hit me up : ) cc: Taktile, Column Tax, Method, Activant Capital, BVNK cc: Maik Taro Wehmeyer, Gavin Nachbar, Andrew Steele, Jason Mikula, Kevin Moss, Eric Woodward

Catch us at Money20/20 in a couple of weeks - we would love to meet with you! Reach out to set up time here: https://lnkd.in/eR8KvJg4

How AI is Reshaping Business Identity and Fraud Prevention: Insights from Baselayer’s Jonathan Awad In this episode of Fintech Confidential, Tedd Huff and Colton Pond chat with Jonathan Awad, co-founder and CEO of Baselayer. They cover some pretty interesting topics around identity verification and fraud prevention for businesses, especially small and medium-sized ones. The conversation is packed with useful insights into how financial institutions are dealing with these challenges, and how new tech is changing the game for everyone involved. This episode is filled with useful information on how technology is helping solve real-world problems like fraud and compliance, and the tips on building a strong team and securing funding are especially helpful for anyone looking to break into the space. Takeaways 1️⃣ Stick to a Long-Term Strategy 2️⃣ Balance Confidence with Humility for Success 3️⃣ Build Strong Relationships to Win in Fintech 4️⃣ Prevent Fraud with Real-Time Monitoring 5️⃣ Prepare for the Future of Identity Control Series Name: Accrued a Fintech Confidential Series by LoanPro #Businessidentity,#crisis,#AIinfintech,#fraudprevention,#Baselayer,#JonathanAwad,#artificialintelligence,#machinelearning,#identityverification,#businessfraudsolutions,#lendingtechnology,#riskmanagementfintech,#B2Bfrauddetection,#financialtechnology,#digitalidentity,#businesscreditbureau,#datadrivenfraudprevention,#Baselayerfraudsolutions,#fintech,#compliance,#frauddetection #machinelearning,#businesscredit,#frauddetection,#ai,#aiinfinance Tedd Huff DD3 Media Fintech Confidential

Last year at Money20/20 20/20, we had over 300 attendees at our Executive Wagyu and Sushi Happy Hour at SushiSamba! Hosted by LoanPro, Entrust, Atomic, Brim Financial, Baselayer, and LendKey Technologies, Inc., this year’s Executive Happy Hour will be limited to 75 seats. If you’re looking to enjoy top-tier wagyu and sushi while connecting with some of the top financial executives, you can request your seat here: https://lnkd.in/gD4QjM_h

We love working with amazing compliance leaders, so we want to pay it forward and shout out great companies looking for folks in risk and compliance! Fintech Risk Manager (Gaming)  at MVB Bank https://lnkd.in/em5rtfHZ Compliance manager at Piermont Bank https://lnkd.in/eAuaYZ4u Senior Compliance Analyst at Credit Karma https://lnkd.in/ezUDAMKC Data Privacy and Compliance Manager  at CoinFlip https://lnkd.in/eZTF_VNe Senior Compliance Analyst (Lending/Funding Operations) at Apex Fintech Solutions https://lnkd.in/e98untwZ Enterprise Compliance Strategy and Program Governance Manager at LendingClub https://lnkd.in/eRNcbfU9 #hiring #compliance #risk

Outdated data is killing your decisions. If you’re relying on traditional data sources, chances are you’re basing critical lending and compliance calls on information that's months out of date. That is a SERIOUS issue. Making high-stakes decisions with stale data means you could be assessing businesses on their past status, not their current reality. In today’s fast-moving market, precision and timeliness are non-negotiable. You need access to fresh, reliable information—everything from corporate status and UCC filings to tax records and legal actions. The difference between success and failure often hinges on knowing a business’s standing as it is today, not six months ago. In industries where risk management is paramount; speed and accuracy are your competitive advantage. #realdata #lending #fintech