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With Fraud Growing, Robinhood Becomes Latest Fintech To Block Customers From Transferring Money From Certain Banks

Fraudsters are more sophisticated and bolder than they've ever been before. To combat the rise in fraud, some merchants, banks and fintech companies have started to block transactions from neobanks. Alloy's CEO, Tommy Nicholas, talked with Forbes about the scary implications this trend could have on the fintech industry.

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Fewer fintech companies means less innovation and less competition, which negatively affects the consumer, especially those underbanked or niche populations who may want something that traditional banking institutions aren’t providing.

Tommy Nicholas, CEO & Co-founder at Alloy

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Alloy raises $100M at a $1.35B valuation to help banks and fintechs fight fraud with its API-based platform

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Tommy Nicholas from Alloy Says Firm Spends Considerable Time Thinking About Managing Interplay between Risk and UX

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How Big U.S. Companies Are Creating a Brand New Abortion Benefit

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Bloomberg
Mar 24, 2022

Bloomberg, Mar 24, 2022

How Big U.S. Companies Are Creating a Brand New Abortion Benefit

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Bloomberg abortion care

Tearsheet
Feb 15, 2022

Tearsheet, Feb 15, 2022

Fraud is becoming the biggest headache in financial services

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Tearsheet

Wall Street Journal
Jan 25, 2022

Wall Street Journal, Jan 25, 2022

What Generation Z Wants From Financial Technology

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Employee Benefits News
Jan 19, 2022

Employee Benefits News, Jan 19, 2022

Abortion care is healthcare: This fintech company offers new benefit to increase access to reproductive services

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Abortion care

Crowdfund Insider
Jan 1, 2022

Crowdfund Insider, Jan 1, 2022

Tommy Nicholas from Alloy Says Firm Spends Considerable Time Thinking About Managing Interplay between Risk and UX

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