The business identity platform, Middesk, has joined the NayaOne Tech Marketplace. Middesk helps banks, lenders, payments providers, and other financial institutions verify their commercial customers so they can onboard the right businesses and enable them to transact faster.“We are thrilled to announce our partnership with NayaOne. With this collaboration, we jointly enable more banks and fintechs to verify the legitimacy of businesses in a digital and automated way. Middesk’s Business Verification solution ensures that financial institutions say ‘yes’ to more businesses while meeting strict compliance and regulatory requirements. “Kyle Mack CEO and Co-founder, Middesk“We’re excited to welcome Middesk to the NayaOne Tech Marketplace. With the growing instances of online fraud, it’s essential for banks and financial institutions to mitigate potential risks, offer more accurate identity verification processes, shorten onboarding times, and improve customer experience.” Varun Resh Marketplace Manager, NayaOneTo satisfy compliance requirements and mitigate risk, banks and financial institutions spend too much time and money manually verifying business

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US-based digital identity company Socure has teamed with Middesk to offer a service that enables B2B companies to verify their customers. . This integration combines the benefits of Socure’s real-time, predictive analytics identity verification and fraud prevention platform with Middesk’s solution for verifying business entities. This is an instance where companies in the Know Your Business (KYB) and Know Your Customer (KYC) segments have created an integrated solution for end-to-end business verification. . Middesk offers a solution for verifying business entities. As part of that process, many B2B companies must verify entity registration details of new business customers, including name, address, tax ID, and the personal details for beneficial owners. By adding Socure’s digital identity verification and fraud platform to its offering, Middesk enables B2B customers to authenticate the associated beneficial owners of the businesses they onboard, while optimising and accelerating a traditionally labour-intensive process.