With nearly a decade of experience, Alloy supports more than 600 financial institutions on their journey to transform and automate omnichannel fraud management and compliance processes. Alloy helps banks like yours adapt their digital strategies for continued growth across product portfolios and throughout the entire customer lifecycle — from account opening to lending and ongoing monitoring.
Connect to over 200 global data sources (and counting) with Alloy to build a 360-degree view of each customer’s risk profile.
Live Oak Bank partnered with Alloy to streamline customer onboarding, fraud prevention, and credit underwriting. This partnership helped Live Oak to:
Joe Thompson, Head of Live Oak Express
Alloy is a set of identity risk solutions that can be tailored to a broad range of use cases and integrated with your existing systems to help you transform your digital customer experience. Get started quickly with our out-of-the-box rules, then easily customize when necessary. Alloy’s agile platform makes it easy for you to make and test changes to rules, data sources, and risk levels, so you can rapidly launch new products, capture new customer segments, and scale with confidence — no risk added.
Boost efficiency and retain more customers by automating your identity decisions. Our smart workflows lead to more automatic approvals and fewer manual reviews, freeing up valuable bank resources to improve efficiency and help you focus on market changes, customer needs, and new technology trends.
Onboard more customers or optimize for fraud risk? With Alloy, you don’t have to pick. Automatically add step-up verification for riskier applicants to keep your funnel open to new users, even when fraud risks are high. With Alloy’s powerful analytics and data visualizations, you can see patterns and draw insights in real time to better optimize the performance of your policies.
We offer the most extensive ecosystem of data partners to manage identity, fraud, credit, and compliance risk. Our single API solution provides faster access to a multitude of KYC, KYB, AML, fraud, and credit data sources. Back-test and test new sources, iterate, and swiftly deploy solutions to meet the needs of a changing landscape, without the burden of technical debt or vendor lock-in.
And hundreds more. Visit our Partner Center to see our complete list of partners.
“Alloy’s solution has streamlined our onboarding process by enabling us to efficiently leverage multiple data sources across various business segments. Its intuitive and user-friendly interface ensures seamless adoption and ease of use for team members throughout the bank.”
When it comes to figuring out the best way to fight fraud, meet compliance requirements, determine credit risk, and automate KYC/KYB processes, banks can choose to build solutions in-house or purchase an Identity Risk Solution. Leveraging a third-party Identity Risk Solution can help banks stay focused on onboarding new customers and speed up the go-to-market timeline of new credit offerings.
Learn more about the benefits of each approach and help determine the right approach for your organization.
Account opening
Deposit acquisition
Consumer and small business onboarding
Identity verification
Consumer and commercial lending
Credit underwriting for personal loans, credit cards, insurance, and mortgages
Prequalification
Credit line management
Credit remarketing
New account fraud
Synthetic fraud
Deposit fraud
Identity verification
Payment interdiction
Initial and ongoing KYC/KYB regulations
AML sanctions and watchlist screening
BSA/AML transaction monitoring
Customer risk rating
Case management and SAR filing
Sponsor banks leverage Alloy to scale their embedded finance services responsibly. Enforce compliance policies across fintech partners from a single dashboard, while maintaining oversight into each partner’s decisioning and policy changes.
Learn more about our embedded finance capabilities
Grasshopper Bank partnered with Alloy to scale fraud management as it grew its SMB client base, achieving a 58% reduction in manual reviews. With Alloy’s platform, Grasshopper maintained efficiency with a lean team while enhancing customer onboarding, fraud detection, and compliance for their embedded finance program.
Teddy Gordon, Director of Data
Find out how fintech solutions can help strengthen your tech stack, accelerate your digital transformation, drive growth, and increase your competitive advantage.
