Fideo Intelligence, a provider of AI-driven identity intelligence, has been selected to demonstrate its real-time identity verification and fraud prevention solution, Verify, at FinovateFall 2025, scheduled for September 8-10 in New York City.
Verify is designed for fintechs, financial institutions, and other platforms, offering a comprehensive risk score by consolidating eight categories of verification checks into a single API call. This process aims to provide a 360-degree risk view within milliseconds.
The development of Verify addresses the increasing challenge of identity fraud, which includes synthetic identities and AI-powered attacks. Industry forecasts suggest that global fraud losses for financial institutions could rise by 153% between 2025 and 2030. Despite spending an estimated $21.1 billion on fraud solutions, many organizations utilize fragmented tools that may leave vulnerabilities.
According to Chris Harrison, CEO of Fideo Intelligence, “Banks and fintechs can’t fight today’s identity fraud with yesterday’s tools. Verify gives the holistic view companies need—full-spectrum intelligence for more checks in one call with one score.” He added, “Banks and fintech leaders already know how most identity verification solutions work, but what they’ve been missing is the ability to stop fraud instantly. Seeing how we stop criminals in their tracks in real-time is a game-changer.”
Verify aims to close gaps in existing systems by moving beyond static data to establish dynamic identity linkages, facilitating faster decision-making. Key features include real-time risk intelligence, powered by Fideo’s Identity Fraud Intelligence (iFIN) Network, which is continuously updated with 18 billion monthly inputs from various public, private, and deep web sources.
The solution unifies risk checks across eight categories through a single API call. These categories include synthetic identity detection, identity graph validation, email risk modeling, phone risk analysis, IP address checks, digital footprint analysis, location anomaly detection, and breach exposure analysis, designed to replace multiple point solutions. The company states that Verify has demonstrated performance in catching 47% more fraud while potentially reducing costs by 50%.
At FinovateFall, Fideo Intelligence will conduct a live demo to illustrate how Verify mitigates fraud during a simulated onboarding journey. The demonstration will focus on common attack vectors used for account opening, credibility building, and the execution of financial crimes such as money laundering or bust-out fraud, which involve maximizing credit cards, overdrafts, and loans before disappearing.
Fideo Verify integrates into existing workflows and offers flexible delivery options. Its pricing model provides a single flat rate per user session for unlimited checks, which is intended to make enterprise-grade identity intelligence accessible and scalable for organizations of various sizes.
Fintechs, banks, and credit unions have the option to request a free API key to conduct verification checks and receive immediate results. This free trial allows users to test the platform using developer-ready APIs. Fideo Intelligence aims to provide crucial intelligence to protect individuals, businesses, and communities by powering real-time identity verification and fraud prevention for platforms in the fraud and finance sectors, communication companies, and the intelligence community. More information about Verify is available on the company’s website.
