The Identity product by Baker Shogry has expanded its support to over 300 financial institutions in the United States, including major banks like Wells Fargo and Bank of America. This expansion significantly enhances the ability of these institutions to collaborate against fraud for the benefit of consumers. By validating identity data such as account owner's name, email, physical address, and phone number, developers can detect anomalies and mitigate fraud risks. Identity validation not only prevents fraud but also supports essential services like digitizing parts of the lending process and establishing eligibility for government assistance programs.