Fideo Intelligence Launches Verify for Payments to Combat Synthetic Identity Fraud and Strengthen Real-Time Fraud Prevention

DENVER--(BUSINESS WIRE)--Fideo Intelligence, the leading AI-driven identity intelligence engine behind today’s top trusted fraud and identity platforms, today announced the launch of Verify for Payments, a real-time identity intelligence solution designed to help payment service providers, fintech platforms, payment processors, and financial institutions detect fraud earlier while approving more legitimate customers.

As global fraud losses are projected to reach $131 billion by 2030, driven largely by the rapid growth of synthetic identity fraud and AI-enabled attacks that bypass traditional screening controls, Verify for Payments delivers a new layer of upstream identity risk detection purpose-built for the payments ecosystem. Synthetic identity fraud is a major and costly threat to financial institutions, with fraudsters using automation and AI to create convincing synthetic profiles that bypass traditional KYC and onboarding checks.

How Verify Strengthens Real-Time Payments Workflows

Verify mitigates synthetic identity risk by introducing real-time identity analysis before compliance systems engage. Designed specifically for real-time payments environments, Verify delivers:

• Upstream identity integrity analysis before KYC, KYB, sanctions, and PEP screening
• Sub-second API response times built for high-velocity payment workflows
• Deployment across onboarding, merchant vetting, account linking, and transactions
• Explainable risk assessments with clear, structured reasons for flags
• Reduced false positives and manual reviews, improving customer experience
• Higher approval rates for legitimate customers, lowering friction and disputes

“Payments fraud is evolving faster than traditional controls can adapt,” said Christopher Harrison, CEO of Fideo Intelligence. “Synthetic identities and AI-driven attacks are designed to exploit gaps between onboarding, compliance, and fraud systems. Verify for Payments introduces a real-time identity intelligence layer that strengthens those systems upstream, enabling organizations to detect fraud earlier, approve more legitimate customers, and reduce friction across the payments lifecycle. Our goal is simple: make identity risk more accurate, more explainable, and more actionable.”

Built for Scale, Speed, and Audit-Ready Decisions

Delivered via API with sub-second response times, Verify connects over 2 billion people worldwide and stops over 95 billion fraud attempts yearly. It detects 47% more fraud than traditional methods by focusing on identity integrity rather than static checklists.

By prioritizing identity intelligence over KYC, KYB, sanctions, and PEP screening, Fideo enhances the quality, consistency, and reliability of identity signals. This upstream approach lessens false positives, improves match accuracy, and enhances the efficiency of existing compliance systems.

Fideo’s Signals complement Verify by providing enhanced identity and network intelligence for due diligence and investigations. Verify offers structured risk attributes, relationship indicators, and fraud exposure insights via API. Fraud analysts and compliance teams can use Signals to improve investigations, verify complex identities, and detect coordinated activities.

Fideo’s intelligence enhances internal fraud models and adds context during escalations, audits, and reviews. Verify and Signals form a unified identity intelligence framework that boosts fraud prevention without disrupting compliance. Institutions can quickly integrate Fideo’s technology into onboarding and risk decisions, embedding audit-ready fraud intelligence. This strengthens fraud defense, reduces losses from synthetic identities and account abuse, and increases operational efficiency.

Verify for Payments is available immediately to payment service providers, fintech platforms, and financial institutions globally. By delivering high-speed, explainable identity intelligence across billions of validated identities, Fideo enables organizations to reduce fraud losses, streamline compliance workflows, and move faster through bank and enterprise diligence with confidence.

About Fideo Intelligence™

Fideo powers industry-leading fraud prevention and investigative platforms with real-time identity intelligence and advanced AI, stopping over 95 billion fraud attempts per year. Supported by Baird Capital, Blue Note Ventures, and Foundry Group, Fideo combines diverse, dynamic data sources to deliver a complete view of identity, helping organizations reduce risk, protect revenue, inform investigations, and stay ahead of evolving threats.