It started as verification.
It became fraud intelligence.

Ramp's banking partners set the requirements and they are non-negotiable: validate the business, confirm the TIN, flag anything that poses fraud risk. When Ramp first engaged Enigma it was processing a few hundred applications a month. Today it is thousands, with plans to double again.

The cost of that growth lands in manual review. Every application that stalls there — not because the data doesn't exist, but because the pipeline can't find it — adds friction that compounds with volume.

Ramp's team saw it early. They wanted a provider with strong entity linking across verified sources — government filings, tax records, business registrations, key business directories — that could deliver better coverage, faster responses, and richer fraud signals.

Ramp opened the conversation in November 2023 and sent 4,000 real applications for testing. Most KYB providers rely on Secretary of State data alone; Enigma's entity resolution links business records across SOS filings, government registrations, tax records and key business directories. The differentiator isn't the data on its own — it's the linking that makes it actionable.

The technical discussions went deep: Levenshtein distance thresholds for fuzzy name matching, address normalization, entity resolution across inconsistent state filing formats. Enigma then built two new capabilities directly out of the evaluation — address verification tasks and name verification tasks, calibrated to Ramp's input patterns.

Integration meant configuring a new data source rather than building a new one, since Ramp already routed verification through an orchestration partner. Enigma entered on a pay-for-results model — charges apply when a verified result comes back, not per API call regardless of outcome. Champion/challenger testing on live traffic validated Enigma against the incumbents before full cutover, and TIN/EIN verification was added during integration using real-time IRS matching through the same workflow.

Registered agent addresses are the single biggest driver of manual reviews in Ramp's onboarding pipeline. Businesses registered at CMRAs, registered agents and coworking spaces pass basic verification because the address is real — it just doesn't tell you whether there is a physical business behind it.

Enigma built virtual address classification for the integration: registered agent, CMRA and non-physical address detection. For a business with only a virtual registered address, Enigma can surface a verified physical address, turning a potential false positive into a resolvable case.

For enhanced due diligence the problem is different — each business is different, and investigations depend on specific risk signals. A compliance analyst on Ramp's KYC/BSA/CIP team built his workflow around Enigma's AI-enhanced research tool, a natural language interface over open-source intelligence and Enigma's Gov Archive: billions of federal, state and municipal records, including OSHA violations, business inspections, professional licenses and regulatory filings sourced directly from government agencies. Several members of the compliance team now use it, scaling capacity without proportionally growing headcount.