Verifiet provides the business identity and entity intelligence infrastructure designed specifically for AI applications. This data platform serves both regulators and regulated entities to improve risk decisioning processes. The core value is the removal of compliance frictions through enhanced intelligence access.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in efficiently verifying legal entity data across different countries due to fragmented information sources, varying data formats and languages, and inconsistent update schedules. This complexity increases the time and cost associated with compliance checks, risk assessments, and fraud detection.
Solution
Verifiet offers a unified API that aggregates and validates legal entity data from over 100 countries, providing a streamlined solution for global risk intelligence and compliance. The platform normalizes data into a consistent schema, delivers real-time updates on entity status changes (e.g., bankruptcy, ownership changes), and supports multiple languages to reduce translation overhead. By automating data aggregation and continuous monitoring, Verifiet enables financial institutions to accelerate onboarding, reduce internal audit time, and improve the accuracy of fraud detection and sanction screening processes. The platform offers API, bulk data, and graph intelligence delivery options.
Target Audience
Verifiet primarily targets FinTech companies and financial institutions that require efficient and accurate legal entity verification for global onboarding, compliance, and risk management.
Features
- Unified API access to validated legal entity data from over 100 countries.
- Standardized data schema for consistent data consumption and analysis.
- Real-time notifications on critical entity updates, including bankruptcy, dissolution, and ownership changes.
- Bulk data delivery option for model training and risk intelligence reporting.
- Graph intelligence to trace connections between companies, beneficial owners, and sanctions across multiple geographies.
- Multi-lingual support to minimize translation efforts for analysts.
- Automated data aggregation from diverse government and commercial sources.
- Continuous monitoring to flag risks and reduce internal audit time.