AiPrise lets financial firms share identity checks on the same customer

AiPrise, a compliance and identity-checking company backed by Y Combinator, has launched Token Sharing, which lets financial companies working on the same transaction share the checks they have already done on a customer, .

A single cross-border payment can pass through several firms, and each one usually collects the same documents and runs its own identity checks on people and businesses. AiPrise says repeat business checks on its platform rose sixfold in a year, with some businesses checked by up to 13 different companies.

With the customer's consent, the receiving firm sees the evidence behind a check, not just a pass or fail, and can reuse what fits its own rules and ask for more where needed. The link stays open for the whole customer relationship, so follow-up questions do not restart onboarding.

MoneyGram, dLocal, Conduit and Tazapay are among the companies in the network. The feature is available to AiPrise customers now.