Alloy Co-founder & President Laura Spiekerman sits down with Hank Word, President of Open Banking at Evolve Bank & Trust, to discuss the future of bank/fintech partnerships.
In the age of dating apps, you have to sift through a lot of weird texts and bad first dates before you find your perfect match. Oddly enough, fintech companies and banks follow a similar process when they onboard new customers and monitor their ongoing financial activity.
Breaking down sanctions watchlists screening, know-your-counterparties, and more.
While much of the digital KYC (or know-your-customer) process can be automated today, its business counterpart—KYB, or “know your business”—still requires significant manual work for most financial institutions (FIs). We’re here to unpack the delicate relationship between KYC and KYB. A smooth KYC process can keep your team’s KYB workload manageable at scale, even when onboarding businesses of different types and sizes.
K…Y…What?! Learn the acronyms that will help you safeguard your fintech business
In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.
When implemented strategically, a comprehensive risk management solution can become a competitive advantage that enhances your customers’ experience and saves you time and resources. In this post, we’ll highlight why KYC and KYB are important and offer some recommendations on how you can make compliance a productive part of your business strategy.
We look at KYC/AML compliance regulations over the years, talk about three sectors to watch out for in the regulatory landscape and break down how Alloy fits into it all.
Alloy is working with our data partners to help our clients respond appropriately and quickly to the new sanctions against Russia. Here are our answers to two questions you may be asking yourself to make sure you're staying compliant.
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You may not know your KYB from your KBA just yet, but don’t worry; we have your back. Here’s Alloy’s cheat sheet to common terms you’ll hear when focusing on AML compliance.
Your guide to using multiple data sources for identity verification
Discover which path forward is right for your organization's identity decisioning process