What is Middesk?
Middesk is a smart business identity and Know Your Business (KYB) platform that automates verification, fraud detection, and credit risk assessment for companies that work with other businesses. Instead of relying on slow, manual checks, Middesk uses real-time data from over 400 trusted government and public sources to instantly verify business details—from formation through ongoing operations.
Built for banks, fintechs, lenders, and digital platforms, Middesk helps teams onboard customers faster, approve more legitimate applicants, and stop fraud before it happens—all while staying compliant. Think of it as your automated business intelligence co-pilot: it handles routine verifications so your team only steps in when something truly needs human judgment.
What are the features of Middesk?
- Automated KYB Verification: Instantly confirm business legitimacy using official records like Secretary of State filings, tax IDs, and UCC data—no manual lookups needed.
- Fraud Prevention with AI Agents: Purpose-built machine learning models detect synthetic identities and hidden ownership networks by analyzing digital footprints across 400+ authoritative sources.
- Continuous Monitoring: Track business status changes (like dissolutions or address updates) in real time to catch risks after onboarding.
- Embedded Business Registration: Help new businesses register with state and federal agencies directly within your platform—no redirects or third-party handoffs.
- Decision-Ready Intelligence: Raw data is turned into clear, evidence-backed conclusions so analysts can approve or reject with confidence.
- Autonomous Workflows: Routine verifications resolve themselves; your team only reviews exceptions, saving hours of repetitive work.
- Audit-Friendly Compliance: Every decision comes with a full trail of sourced evidence, meeting SOC 2 Type II standards and regulatory expectations.
What are the use cases of Middesk?
- A neobank scales its business account onboarding from 300 to 2,000+ applications per month without hiring more staff.
- A lending platform improves approval rates by automatically resolving ambiguous business data that previously required manual review.
- A payments marketplace detects fraudulent merchant applications by uncovering hidden links between seemingly unrelated businesses.
- A payroll provider ensures new employer clients are legally registered before processing their first paycheck.
- A fintech embeds state business registration into its app, helping startups launch faster while capturing more revenue.
- A commercial lender sharpens underwriting models with real-time entity data and UCC filing insights to price risk accurately.
How to use Middesk?
- Integrate Middesk’s API into your onboarding flow to auto-verify business names, addresses, EINs, and ownership structures.
- Set custom risk rules so low-risk applications are approved instantly, while high-risk cases trigger deeper AI-powered investigations.
- Enable continuous monitoring to receive alerts if a customer’s business status changes (e.g., revoked license or dissolved entity).
- Use Middesk Agents to automate CIP, CDD, and EDD workflows—analysts simply review pre-packaged findings with source documentation.
- Leverage embedded registration to offer instant state filings (like LLC formation) as part of your product experience.
