The Largest B2B Fraud Consortium in the US Got A Facelift

A fraudster who burns one lender doesn’t retire. The same synthetic identity, the recycled EIN, the same officer name with a new phone number will show up at the next institution a few weeks later, and the next one after that. Every financial institution has seen the pattern. Until now, most of them have fought it alone.

Most fraud committed against financial institutions is the work of repeat actors, and it comes in familiar shapes like first-party or synthetic identity fraud. In cases of repeat fraud, by the time one institution writes off a fraud loss, the perpetrating actor is often already in someone else’s application queue.

Since 2024, the Baselayer Fraud Consortium has grown into the largest B2B fraud consortium in the United States, with:

• Thousands of member organizations
• More than 1.2 million member-reported fraud records
• Over 10 million applications reviewed
• $1 billion+ in fraud losses prevented

Today’s update wires this network directly into your risk management workflow. Consortium intelligence is now surfaced directly within your existing Baselayer search results without additional integration work required.

This renewed version of the Consortium also allows you to look up businesses with as little as a single identifier – an EIN, phone number, or email – and pair identifiers to catch synthetic identities that swap one field at a time.

The Consortium works because of what it refuses to be – it’s not a predictive model and not a third-party list. Every matched record is:

• A confirmed, peer-reported fraud case
• Always first-party data contributed by member institutions from their own write-offs
• Enriched against Baselayer’s verified Business ID network for high-fidelity matching

The Baselayer Fraud Consortium is also anonymous by design. Membership and submissions data are anonymized and encrypted in transit and at rest. In turn, match results never name the contributing institution.

The Fraud Consortium’s model is simple – give your fraud data, and get protection. Members contribute their confirmed fraud cases on a monthly cadence, and every contribution to the Consortium databank makes the pool a sharper, more effective resource for everyone.

The Consortium is available to Baselayer customers at no additional cost, requiring no new contract and no new API key.

1. Contribute: your fraud data is uploaded to the Baselayer console.
2. Activate: your organization becomes an active consortium member.
3. Screen: you can now check businesses against the Consortium.

Are you a Baselayer customer? Contact sales@baselayer.com to activate your membership at no cost.

Not a Baselayer customer? Become a member →

Fraudsters count on institutions not talking to each other. Every new member of the Consortium builds their defense by proving them wrong.

Every business, checked.