Fideo Intelligence, an AI-driven identity intelligence engine, this week 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 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.
“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.”
Delivered via API with sub-second response times, Verify connects more than two 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. The company said 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 the API. Fraud analysts and compliance teams can use Signals to improve investigations, verify complex identities, and detect coordinated activities.
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.
