Get 2026 fraud trends and statistics for financial institutions and fintechs, and benchmark your fraud strategy to elevate your defenses.
See how Alloy's identity and fraud prevention platform uses AI and 270+ data solutions to detect fraud and accelerate growth across the customer lifecycle.
Alloy CEO Tommy Nicholas breaks down the 3 trends keeping fraud and compliance teams up at night: AI-accelerated fraud, agentic users (KYA), and efficiency mandates.
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NEW YORK, Sept. 3, 2026 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced a partnership with Alloy, a leading AI-powered identity and fraud prevention platform, designed to connect fraud intelligence across the customer lifecycle, starting with the integration of fraud risk signals between the two platforms. Nasdaq Verafin will join Alloy’s expansive partner network, enabling mutual customers to access fraud insights from Nasdaq Verafin’s consortium data network of over 850 million counterparties directly within Alloy’s platform.Over the last two years, fraud losses reached new heights of $579.4 billion, according to Nasdaq Verafin’s 2026 Global Financial Crime Report. Bad actors are leveraging sophisticated AI tools to scale their attacks across multiple institutions. However, with incomplete information, financial institutions may not know whether an entity has already been linked to confirmed fraud at another institution. With access to data that matches entity information against confirmed fraudulent activity across Nasdaq Verafin’s consortium data network in Alloy, mutual customers will now be able to have a more complete picture of financial crime risk throughout their customers’ lifecycle, beginning at account onboarding.“As fraud threats become more sophisticated and move faster than ever, we need to give financial institutions the opportunity to proactively strengthen their defenses by offering greater visibility into fraud risks from across the financial system,” said Colin Parsons, VP and Head of Fraud Product Strategy, Nasdaq Verafin. “Through this partnership, we’re more closely integrating fraud signals between the Nasdaq Verafin and Alloy platforms to give financial institutions the ability to see a more complete picture of the threat landscape.”In addition, Alloy’s real-time fraud alerts will be integrated into Nasdaq Verafin’s alert, investigation, and case management platform for mutual customers, helping to close the loop between detection and action. Suspicious activity flagged in Alloy will feed into the Nasdaq Verafin platform, so financial institutions can investigate and quickly take action in one unified workflow. Case outcomes will then flow back into Fraud Signal, Alloy’s proprietary identity-centric predictive machine learning model, helping sharpen end-to-end fraud controls with every resolved case. “Fraud teams are under pressure to be fast and thorough at the same time, but siloed systems make that really challenging," said Tommy Nicholas, co-founder and CEO of Alloy. "By integrating with Nasdaq Verafin, we're giving our shared customers more clarity on customer risk across systems so financial institutions can proactively mitigate risk before funds are lost and remove unnecessary friction points for good customers.” "The integration between Alloy and Nasdaq Verafin will enable our fraud teams to better prioritize high-risk member activity and quickly resolve alerts in a centralized system with full context of each scenario," said Jill Gogel, VP of Fraud Services, Dupaco Community Credit Union. "This will strengthen our ability to prevent high-risk transactions from leaving the credit union and reduce unnecessary friction for our members. By strengthening fraud controls that maintain a seamless member experience, we're better positioned to support sustainable growth and performance." Together, Alloy and Nasdaq Verafin aim to give financial institutions the confidence to proactively keep a pulse on customer risk levels and emerging fraud threats, helping empower financial institutions to safely offer additional capabilities, such as real-time payments. For more information about the partnership, please visit: https://verafin.com/partnerships/. About Nasdaq Verafin Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more. About AlloyAlloy is the AI-powered identity and fraud prevention platform that accelerates onboarding, stops fraud, and scales compliance across the customer lifecycle, so financial organizations can grow without limits. Featuring the industry's broadest open data network, a sophisticated orchestration engine, and context-rich agentic and predictive intelligence, Alloy is trusted by more than 900 of the world's leading financial institutions and fintechs for smarter risk management that drives growth. Learn more at alloy.com. Cautionary Note Regarding Forward-Looking Statements:Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of the Nasdaq Verafin platform, the Alloy platform, or the integrations between the two platforms. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Nasdaq Verafin Media Relations ContactNick Eghtessad+1.929.996.8894 [email protected] Alloy Media Relations ContactChrissy Hennessey [email protected]
At a glance: Alloy's first half of 2026More than 900 financial institutions and fintechs now use Alloy, the AI-powered identity and fraud prevention platform, to accelerate onboarding, stop fraud, and scale compliance across the customer lifecycle.Alloy launched our AI Assistant, an agentic AI solution that automates risk and compliance work, and saw growing adoption of our risk-based authentication solution that assesses customer risk continuously and adjusts friction accordingly so good customers move faster.Alloy launched our perpetual KYB (pKYB) solution in the UK and Europe, extending dynamic and risk based monitoring to business customers, and Ryan Morrison joined as Head of EMEA.Alloy added engineering leaders Andrew Glenn (VP of Engineering, Decisioning) and Sam Swift (VP of Engineering, Intelligence) to support our AI roadmap.NEW YORK, July 15, 2026 — Alloy, the AI-powered identity and fraud prevention platform, today announced that more than 900 of the world's leading financial institutions and fintechs now turn to Alloy to accelerate onboarding, stop fraud, and scale compliance across the customer lifecycle. Fraud is increasingly powered by AI: in Alloy's 2026 State of Fraud Report, 91% of fraud leaders said they are seeing more crimes committed with the help of AI. In the first half of 2026, Alloy met that moment by bringing agentic AI solutions into production, pairing them with its machine learning models to act on risk continuously, from the first application through every login, transaction, and account change, rather than at onboarding alone."AI is only useful if it's grounded in real context, and that's the whole idea behind what we've built," said Tommy Nicholas, Co-founder and CEO of Alloy. "Fraud has always been about identity, and it happens across the entire customer lifecycle, not just at onboarding. We're putting AI to work at every one of those moments so our clients can stop the bad actors and still move fast for everyone else."That approach is producing results. Suncoast Credit Union, Florida's largest credit union, reduced fraud losses by over 35% from 2023 to 2024 using Alloy to power identity verification and fraud prevention across onboarding and ongoing member activity. Alloy also broadened its network of more than 270 data solutions, partnering with Certos by Early Warning Services and expanding its partnership with Plaid to give clients access to broader fraud intelligence and identity verification data.To support its AI roadmap, Alloy strengthened its engineering leadership. Andrew Glenn joined as VP of Engineering for Decisioning, bringing more than two decades of leadership across fintech and technology, including senior roles at Stripe, Capital One, Betterment, and Google. Sam Swift joined as VP of Engineering for Alloy’s Intelligence layer, leading the teams behind Alloy's agentic AI and machine learning products. Agentic AI in productionAlloy launched its AI Assistant, a native, context-aware agentic AI solution embedded directly in the platform's risk and identity infrastructure. It automates the investigation and compliance work that risk teams handle every day. On high-volume watchlist hits, it achieved 80% automation rates for one financial services firm, resolving the majority of cases with no human in the loop while routing sensitive cases to reviewers with 98% precision. The AI Assistant is part of Alloy's Actionable AI suite, which combines agentic automation and machine learning with Fraud Attack Radar and Fraud Signal, Alloy's predictive model for detecting fraud throughout the customer lifecycle. Risk-based authentication that turns security into a growth leverFrom market-leading fintechs, to credit unions, digital banking platforms and large enterprise banks, the industry’s most forward-thinking institutions are choosing Alloy for risk-based authentication. Alloy’s solution assesses every customer interaction continuously and in context, carrying signals captured at onboarding forward into every session and across channels. Trusted customers move through faster and with less friction, which lifts adoption, conversion, and retention, while suspicious activity is met with friction proportional to the risk. Suncoast Credit Union, for example, now auto-decisions 98% of logins with Alloy’s risk-based authentication solution, and saw new member digital logins rise 91% within the first day of account opening.Expanding across EuropeAlloy deepened its European footprint and product capabilities in the first half of 2026. In January, Alloy launched its perpetual KYB (pKYB) solution in the UK and Europe, moving business verification beyond static, point-in-time checks. The solution automatically re-runs KYB checks and reassesses risk when meaningful business or ownership changes occur, such as registry updates and watchlist hits. Alloy's AI Assistant corroborates those changes and runs enhanced due diligence, cutting hours of manual compliance work. It extends the same continuous, full-lifecycle approach Alloy brings to consumer monitoring into business risk monitoring.That momentum carried into new business and leadership. Embedded payments provider Modulr selected Alloy to orchestrate KYC and KYB across its international customer base as it enters new markets. Recently, Ryan Morrison joined Alloy as Head of EMEA, bringing nearly two decades of technology experience across GBG, TruNarrative, and LexisNexis to lead Alloy's full-lifecycle financial crime work across the region. In addition, James Nurse joined Alloy as a Strategic Advisor. Nurse has led financial crime and fraud prevention across various high-performing fintech companies in the EMEA region, most recently acting as Head of Consulting at Fintrail. About AlloyAlloy is the AI-powered identity and fraud prevention platform that accelerates onboarding, stops fraud, and scales compliance across the customer lifecycle, so financial organizations can grow without limits. Featuring the industry's broadest open data network, a sophisticated orchestration engine, and context-rich agentic and predictive intelligence, Alloy is trusted by more than 900 of the world's leading financial institutions and fintechs for smarter risk management that drives growth. Learn more at alloy.com.
LONDON, June 2, 2026 -- Modulr, the payments automation platform built to scale, today announced that it has selected Alloy, the AI-powered identity and fraud prevention platform, as a key component in its Risk & Compliance Hub. By using Alloy to orchestrate Know your Customer (KYC) and Know your Business (KYB) verification checks across its international customer base, Modulr aims to streamline the onboarding experience for customers while maintaining strong risk, compliance, and financial crime controls.Modulr’s Risk & Compliance Hub is a connected set of tools and infrastructure that spans the entire customer lifecycle and is built to protect customers, further improve the onboarding experience, and prevent financial crime. The Hub underpins Modulr’s growth strategy as it scales internationally and enters new markets, making robust compliance a core part of its operations.“At Modulr, we’re building a Risk & Compliance Hub that can stand up to the pace of change in financial crime and regulation, whilst also allowing us to give an improved onboarding experience to our scaling customers” said Ben Taylor, Chief Operating Officer at Modulr. “Alloy helps us remove unnecessary friction from onboarding while keeping our teams firmly in control of the decisions that matter. That combination of speed, safety, and control is critical for us to keep pace with this fast-evolving threat environment as we continue to grow.” Modulr will use Alloy to power customer onboarding across multiple markets, consolidating data from a broad network of verification and intelligence providers into a single decisioning layer. Alloy’s AI-powered platform allows Modulr to dynamically assess customer and business risk, triage low-risk applications, and escalate higher-risk cases for deeper human review – all within a unified case management and audit trail.“Alloy and Modulr are focused on delivering a streamlined, low friction onboarding experience without compromising on compliance rigour,” said Parilee Wang, Chief Operating Officer and Chief Product Officer at Alloy. “Modulr will leverage Alloy's no-code risk assessment capabilities, SDK, and network of partners to deliver positive customer experiences and ultimately growth across the business’ different markets.”Modulr’s payments automation platform streamlines money movement with greater accuracy, control, and reliability. Built to scale, it powers use cases across payroll, supplier payments, lending, and travel. With a growing international footprint, Modulr’s Risk & Compliance Hub is designed to scale alongside new products, customers, and geographies. Alloy’s platform and global data ecosystem gives Modulr the flexibility to add new data sources, adjust policies by market, and implement new risk management strategies without additional operational strain.About ModulrModulr is the payments automation platform built to scale, driving the future of finance operations by streamlining money movement with accuracy, control, and reliability. Through a single platform, Modulr automates how money moves into and out of a business – including payroll, supplier payments, spend management, and payment collection – which in turn removes manual work, lowers operational costs, and reduces errors. Backed by deep industry expertise, Modulr brings over a decade of experience as a regulated payments provider, delivering the reliability required to run mission-critical finance operations at scale. Processing more than 200m transactions and over £180bn in payment value on an annualised basis, Modulr is trusted by over 6,000 businesses – from fast-growing SMEs to global enterprises – including a partnership with global financial technology leader FIS. Modulr is authorised and regulated as an electronic money institution (EMI) in the UK by the Financial Conduct Authority (FCA) and in Europe by De Nederlandsche Bank (DNB). To learn more, visit modulrfinance.com. Follow Modulr on LinkedIn and YouTube. About AlloyAlloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by over a decade of experience and the industry’s broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, more than 800 leading financial organizations around the globe trust Alloy to manage risk at scale. Learn more at alloy.com.
New York, NY – May 18, 2026 — Suncoast Credit Union, Florida’s largest credit union and one of the nation’s leading financial cooperatives, has partnered with Alloy to help accelerate the financial institution’s growth by helping it manage fraud risks across the organization. The credit union is planning to nearly double in size to 2.5 million members by 2030, while continuing its member-first, mission-driven focus. To do that, the team needed a partner to help enable a seamless member experience, onboard more legitimate members, and provide access to a wider range of financial products, while mitigating risks. Suncoast chose Alloy as its strategic platform to power identity, fraud controls, and data orchestration across onboarding and ongoing member account activity“Alloy helps us say ‘yes’ to growth without compromising our member-first culture,” said Eva Coffee, Manager of Digital Strategy at Suncoast Credit Union. “It gives us a centralized place to manage identity and fraud decisions across onboarding and the entire member lifecycle, so we can review ongoing account activity with more confidence, and intervene only when there’s real risk. That way, we reduce friction for legitimate members.”Prior to partnering with Alloy, Suncoast saw fraud losses rising nearly 30% year-over-year. After deploying Alloy at onboarding and expanding into login monitoring and cross-channel fraud controls, the credit union reduced fraud losses by over 35% from 2023 to 2024. Working with Alloy, the Suncoast team can easily use adaptive authentication to put potentially risky users through additional layers of step-up verification, keeping bad actors out of the platform while still preserving a seamless experience for genuine members, including “snowbirds” whose locations change seasonally. In 2024 alone, Suncoast monitored 269 million digital logins through Alloy’s platform, generating 11,990 investigations. Alloy’s centralized decision engine enables Suncoast to continuously assess member risk, apply step-up verification when necessary, and automatically mitigate threats across digital, mobile, and in-branch channels.“Alloy has delivered exceptional member growth results for Suncoast while delivering material fraud reduction,” said Parilee Wang, Chief Product Officer and Chief Operating Officer at Alloy. “By using Alloy to centralize identity management throughout the customer lifecycle, Suncoast has built a scalable foundation that allows it to adapt to emerging threats, expand product offerings, and deliver dynamic, low-friction member experiences.”About AlloyAlloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by the industry's broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, more than 800 leading financial organizations around the globe trust Alloy to manage risk at scale. Learn more at alloy.com.About Suncoast Credit UnionSuncoast Credit Union is the largest credit union in the state of Florida, the 7th largest in the United States based on membership, and the 10th largest in the United States based on its $20.7 billion in assets. Chartered in 1934 as Hillsborough County Teachers Credit Union, Suncoast Credit Union currently operates 80 full-service branches and serves more than 1.3 million members across Florida. As a community credit union, anyone who lives, works, attends school, or worships in Suncoast Credit Union’s service area is eligible for membership. In 2021, Suncoast Credit Union’s field of membership was expanded to include public K-12 teachers, college educators, and educational support staff from all of Florida’s 67 counties. Suncoast is passionate about community support. Since its founding in 1990, the Suncoast Credit Union Foundation has raised and donated more than $61 million to organizations and initiatives that support the health, education, and emotional well-being of children in the communities that the credit union serves. For more information, visit suncoast.com or follow us on social media: Facebook, LinkedIn, Twitter, and Instagram.
NEW YORK, May 13 -- As fraud increasingly targets the identity layer – through synthetic identities, credential compromise, and account linking abuse, Alloy, an AI-powered identity and fraud prevention platform, today announced a partnership with Certos℠, a unified portfolio of fraud and identity risk solutions from Early Warning Services, LLC. The partnership is designed to give community banks and credit unions access to the same Certos suite of products that help better identify criminal activity earlier – before it can be used to move money – reducing the ability for fraud schemes to scale. Increasingly, large-scale fraud operations – including organized scam networks operating cross borders from foreign locations – rely on synthetic and compromised identities to steal money from Americans. “Fraud rarely stays in one place and by the time money is sent, it’s too late,” said Ben Chance, General Manager of Certos. “Criminals exploit identity infrastructure gaps between institutions. By bringing our products to banks and credit unions of all sizes, we can help these financial institutions protect their customers and make it harder for these criminals to operate.” Through the partnership, financial institutions including community banks and credit unions, that work with Alloy will now have access to the Certos solutions' risk signals derived from activity patterns across a network of more than 5,000 U.S. banks and credit unions of all sizes, payment companies, merchants, and government agencies – providing these institutions with the signals needed to make informed decisions. “With fraud evolving rapidly, financial institutions need to be able to identify fraudsters before they can steal money from the organization,” said Brian Bender, General Manager of Partner Solutions at Alloy. “Adding Certos to our partner solutions network increases our clients’ ability to share threat intelligence, which makes the tactics criminals use less effective and harder to scale, helping better protect America’s consumers and small businesses from economic disruption.” Community banks and credit unions using Alloy can leverage Certos to: Confirm in real time that a bank account belongs to the right person, helping reduce account takeover and fraudulent payment redirections Detect mismatched identities when a fraudster tries to link accounts, before money ever starts moving Strengthen fraud detection using better data and risk signals to spot suspicious and criminal behavior earlier Certos is backed by the history of Early Warning for stopping criminal fraud activity. For more than 35 years, the company has worked with financial institutions, law enforcement, and federal agencies to disrupt billions of dollars in financial crime and stop millions of potentially fraudulent payments. Certos is the next evolution of that work. Last year, solutions in the Certos portfolio of products: Helped stop $3.7 billion in potential fraud Screened over $11.4 trillion in payments and deposit transactions for activity like counterfeit information and washed or altered checks Supported 124 million new bank and credit union account applications Certos provides threat intelligence signals that support fraud prevention but does not make bank account-related or financial access decisions. Financial institutions and other organizations retain full control over onboarding, authentication, and transaction processes. As a reseller of the Account Ownership Authentication (AOA) solution, Alloy will manage contracting, integration, and ongoing maintenance for its customers. About Certos CertosSM is a unified portfolio of fraud and identity solutions that helps financial institutions distinguish real customers from synthetic or stolen identities at account opening, reducing payments and identity fraud while expanding access to critical financial services. It is backed by Early Warning Services, LLC – the company behind Zelle® and the Paze ® digital wallet – which has worked with financial institutions the 35-years to drive prosperity, deliver bold innovation and improve how payments are made. For more information, visit www.certos.com. About Alloy Alloy is the AI-powered identity and fraud prevention platform that unifies agentic automation and machine learning across the entire customer lifecycle, enabling fast onboarding, ongoing fraud monitoring, and simplified compliance for financial institutions and fintechs. Backed by the industry's broadest open data network and orchestration engine, Alloy enables clients to grow their business with confidence. With offices in New York City and London, Alloy enables more than 800 leading financial organizations around the globe to manage risk at scale. Learn more at alloy.com.
NEW YORK (April 2, 2026) – Alloy, a leading identity and fraud prevention platform provider, today announced a partnership with Plaid, a global data network powering the digital financial ecosystem, to provide more financial institutions with improved digital tools to fight back against AI-driven fraud. In the past two years, the amount of money stolen by scammers and fraudsters rose 9.2%, largely driven by use of artificial intelligence. As financial institutions combat this increasing threat, the partnership enables Alloy clients to more easily build a holistic picture of customer identities from the start, lowering fraud losses and automating more of their KYC/KYB/AML workflows to reduce manual reviews.“AI is rapidly reshaping the risk landscape for financial institutions, and the best way to keep up is to embrace AI to fight it,” said Adam Yoxtheimer, head of partnerships at Plaid. “Companies like Alloy make it easy for banks to adapt and embed AI-powered tools and signals to see outside the walls of their institution. Together, we’ll help more institutions test and deploy the solutions needed to better understand risk and defend against fraud.”According to Alloy’s 2026 State of Fraud Report, only 24% of financial institutions and fintechs detect fraud at the time of onboarding. That leaves most organizations detecting fraud only after bad actors are in the system and money has already been stolen. To reduce these losses, companies need to build a robust, data‑rich view of customer identities at onboarding and continue to monitor those identities on an ongoing basis. Rather than relying on a single data provider, Alloy’s data orchestration enables institutions to layer and test hundreds of identity, fraud, and compliance solutions in parallel and adapt strategies as threats evolve. Plaid Protect combines machine learning models with cross-institutional insights to help detect fraud throughout a user’s lifecycle. Through the partnership, mutual customers can securely access Plaid Protect’s network‑level fraud intelligence directly in their Alloy workflows. In addition, the Alloy platform will now also include access to Plaid’s tools for verifying identities and assets and streamlining onboarding to build safer, more resilient experiences at scale. Clients can add these Plaid products directly from the Alloy platform, experiment with how they interact with other data sources, and roll out the combinations that best fit their risk appetite and growth goals.Plaid expands its presence in Alloy's industry‑leading network of over 250 partner solutions, all easily discoverable, configurable, and testable in Alloy’s Partner Center. Clients can test different configurations and utilize Plaid alongside other best‑in‑class solutions without building or maintaining separate point‑to‑point integrations.“Alloy was built on the idea that there is no single silver bullet for fraud or compliance,” said Brian Bender, General Manager, Partner Solutions at Alloy. “Our clients need the freedom to layer, test, and evolve their data strategies as threats change. Deepening our partnership with Plaid is a natural extension of that vision.”About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 800 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
NEW YORK, February 23, 2026--Alloy, the identity and fraud prevention platform provider behind over 800 fintechs and financial institutions, today announced the launch of the Alloy AI Assistant, a native, context-aware agentic AI solution to help organizations make faster, more confident decisions. The AI Assistant is embedded directly within Alloy’s risk and identity infrastructure and is able to understand and synthesize data to recommend a decision that a human can approve or configure to automatically accept.Fintechs and financial institutions today are increasingly balancing the need to move quickly to meet customer expectations with the need to manage complex fraud and compliance risks. For years, the solution has been for compliance and risk teams to conduct more manual reviews, resulting in poorer customer experiences and slower growth. The operational costs of managing these compliance workflows also cuts into financial organizations’ revenue. “Alloy's AI Assistant not only saves us a significant amount of time but also gives me the confidence to quickly review and close watchlist alerts based on the insights it provides,” said Edward Campiani, Chief Compliance Officer at EDGE, a fintech data and analytics platform founded in 2021.By leveraging the Alloy platform with the AI Assistant, organizations can automate operationally heavy, non-predictive review steps to save time for risk and compliance teams. In one case, a client reduced the average case review time from 20 minutes to mere seconds. Faster completion of open cases allows financial organizations to onboard more customers efficiently and ultimately increase revenue growth. The AI Assistant also provides a clear review trail to help financial organizations prepare for regulatory audits.“Alloy’s AI Assistant is unique because it’s built on reliable context,” said Tommy Nicholas, CEO at Alloy. “This sounds simple, but many other AI agents end up guessing because, without being embedded into a decisioning engine, they lack the necessary context to interpret, summarize, and contextualize information, let alone power decisive action.”Alloy’s AI Assistant is a part of the company’s Actionable AI suite which also includes Fraud Attack Radar, an AI-powered intelligence that flags fraud attacks at account origination, and Fraud Signal, Alloy’s predictive AI model that powers detection across the full customer lifecycle. The AI Assistant adds an additional layer of generative and agentic risk and compliance intelligence to the Actionable AI suite. This intelligence is informed by Alloy’s data ecosystem and feeds back into the orchestration engine to create a continuously improving decision system.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 800 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
LONDON, 21 January, 2026 – Alloy, an identity orchestration platform provider serving over 700 financial institutions and fintechs globally, has today announced the launch of its first perpetual Know Your Business (pKYB) and Customer Risk Assessment (CRA) orchestration solution in the UK and Europe. This launch follows the European launch of Alloy’s perpetual KYC (pKYC) solution in Autumn 2025.Alloy’s pKYB solution enables UK and European banks, fintechs, and payments companies to move beyond static, point-in-time KYB by automatically re-running checks and re-assessing risk when meaningful business and ownership changes occur (for instance, registry updates, watchlist hits, and event-driven risk signals). The solution is bolstered by Alloy’s AI Assistant, which helps further automate the perpetual KYB process by conducting open-ended web research to corroborate business and ownership changes and by running the Enhanced Due Diligence (EDD) review for businesses that change from low to high risk post-onboarding.This helps compliance and risk teams cut down on hours of manual work while improving straight-through-processing (STP) rates.“Through deep conversations with our UK and European clients, it became clear that static, point-in-time KYB was no longer sufficient,” says Grace Liu, Senior Product Director at Alloy. “We took what we learned, evaluated how the pKYB ecosystem was evolving, and built on our pKYC foundation to move quickly toward a proactive, event-driven future — one our clients are genuinely excited about and that Alloy is uniquely positioned to deliver.”For financial institutions operating in the UK and across Europe, expansion into new territories is often integral to their sustained business growth strategies. As that expansion happens, business risk becomes harder to manage: corporate entities evolve, beneficial owners change, and regulatory expectations continue to rise. Yet many business monitoring programmes still rely on heavily manual workflows in which analysts must sift through high volumes of updates, interpret changes, and apply bespoke policies across markets. Rising regulatory expectations are also amplifying the need for more UK and European fintechs and financial institutions to automate their business monitoring. Central banks and regulators throughout Europe are increasing the number of regulatory actions they take against neobanks and traditional banks in their jurisdictions for lack of anti-money laundering controls.“Periodic checks alone aren’t enough—they need to be complemented by continuous business monitoring,” Liu continues. “With pKYB, Alloy helps institutions detect, evaluate, and act on changes to business identity, ownership, and risk by automating risk reassessment and escalating only the most critical alerts to analysts. The result is consistent policies across markets and the ability to scale confidently, with a clear, up-to-date understanding of business risk between reviews.”Early UK test users report that Alloy’s pKYB and CRA solution enables them to achieve strong compliance standards far faster than if they were to build an in-house alternative. Rather than investing heavily in their own technology development to get to a baseline level of compliance integrity, Alloy’s solution allows teams the potential to move ahead of competitors without losing development time and/or sinking unnecessary development costs. Alloy’s approach to pKYB is built for multi-market scale and operational efficiency, enabling institutions to:Apply configurable policies by market, product, and entity risk level, supporting consistent decisioning while accommodating local regulatory requirements.Reduce manual workload with smart routing, using filtered, event-triggered Enhanced Due Diligence (EDD) alerts that send only the highest-risk changes to analysts, while lower-risk updates can flow through automated Customer Due Diligence (CDD) processes.Accelerate investigations with AI-assisted workflows, including summaries and recommended next steps to speed review-to-resolution.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
PLANO, TX —Dec. 18, 2025 — MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Alloy, a leading identity and fraud prevention platform provider, today announced that their partnership has processed more than 2 million deposit applications, achieving an average automated application decision rate exceeding 80%. The partnership now supports over 150 shared customers, delivering a seamless, end-to-end account opening and risk management workflow that helps financial institutions increase conversion rates, reduce fraud, and scale their operations.“Within a year of overhauling our account opening process with MANTL and fully leveraging the MANTL–Alloy integration, Ascend Bank reduced new account fraud losses by $165,000,” said Alex Sulpasso, executive vice president and chief operating officer at Ascend Bank in Connecticut. “The integrated solution has also transformed how our Risk and BSA teams operate, giving them real-time visibility into fraud and identity risk and automating critical KYC and KYB workflows. It’s dramatically improved both our operational efficiency and our ability to onboard customers with confidence.”The longstanding partnership was built on a shared vision: enabling financial institutions to grow efficiently while managing identity and fraud risk with confidence. MANTL provides a configurable, streamlined omnichannel account opening experience, while Alloy orchestrates and validates identity, fraud, and compliance data behind the scenes. Together, the integration has fundamentally changed how banks and credit unions onboard customers and members, setting an industry standard for digital account opening and risk management.“What makes this partnership so effective is the depth and maturity of our integration, our shared commitment to innovation, and our clear alignment on both product strategy and customer and member outcomes,” said Benjamin Conant, chief product officer, Alkami. “MANTL and Alloy were founded within a few years of each other, and we’ve grown together as strategic partners, helping the industry rethink what growth can look like, all while raising the bar for fraud prevention both online and in-branch. We’re excited for the next 2 million applications to be processed as we continue expanding into additional use cases that will further strengthen the joint value we deliver to financial institutions and their account holders.”“Our partnership with MANTL shows that strong fraud prevention can actively fuel business growth,” said Tommy Nicholas, co-founder and chief executive officer of Alloy. “By giving our joint clients a complete view of customer identities, we’re helping them stay ahead of fraud, unlock more opportunities to serve legitimate customers, and deliver a better experience.”Both companies remain focused on helping financial institutions modernize and streamline operational workflows, while addressing increasingly complex identity and risk challenges within digital banking. To learn how MANTL and Alloy can transform your onboarding and account opening process, empowering your team, or to schedule a demo, click here.About MANTLMANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT), a digital sales and service platform provider for financial institutions in the U.S. For more information, visit mantl.com or follow MANTL on LinkedIn.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK, December 9, 2025 – Alloy today announced the release of its annual State of Fraud Report, a detailed look at shifting trends in financial fraud, based on a survey of over 500 senior-level fraud decision-makers working at banks, credit unions, and fintechs in the U.S. This year, fraud professionals overwhelmingly agree (67%) that fraud events continue to rise, driven by bad actors’ use of new tools like generative AI to carry out their attacks on a greater scale.The impact of these fraud events also expanded in the last twelve months. Decision makers ranked losses due to goodwill credit to clients as the top reported consequence of fraud over the past year, and over one in five organizations (22%) reported losing over $5M in direct fraud losses. The true cost of fraud is likely even higher, as the majority (63%) of those surveyed reported that fraud losses are underreported. “One of the biggest changes to the fraud landscape has been the adoption of AI to combat fraud,” said Alloy Co-Founder and CEO Tommy Nicholas. “Bad actors are more sophisticated than ever, making the use of tools like AI table stakes in fraud prevention. In 2026, the distinction won’t be who uses AI; it will be how—specifically how to anticipate attacks and identify risk the moment it enters the system.”Other key findings include:AI is a driving factor in the rise of fraud: 91% of decision makers reported that more financial crimes are being committed with AI technology.In response, 82% of organizations stated they’ve increased their investment in AI-driven fraud prevention technologies.Synthetic identity fraud is the most common type of fraud by case volume:44% of respondents ranked synthetic identity fraud as the top fraud type tracked in their organization.89% also ranked synthetic identity creation as the most concerning fraud tactic when it comes to tactics that are evolving with AI.In addition to third-party fraud, first-party fraud and scams are rising threats for financial organizations:Fraud professionals attributed 36% of fraud events to organized fraud rings, 29% to customers intentionally stealing money from their financial institutions, and 29% to customers who were coerced or scammed.Online and mobile banking continue to be the most frequently targeted channels for fraud, although the frequency at which they are targeted shifted:Fraud in mobile banking rose by 7% year over year. Meanwhile, fraud in online banking saw a drop of 16%. Fraud prevention requires significant investment from financial institutions, but has a positive ROI:27% of organizations spend greater than 15% of their annual budget on fraud prevention; meanwhile,92% of decision makers report that their organization's fraud prevention efforts have helped them grow the business, and 84% reported that fraud prevention has resulted in higher rates of customer satisfaction.“This year’s report is a strong reminder that where there is money, there are bad actors looking for vulnerabilities to access it; and that those bad actors now have better tools than ever before,” Nicholas said. “But it also illustrates how far the industry has advanced when it comes to managing those risks. Most organizations are no longer looking at fraud as a threat, they are also considering how managing it can unlock their goals to provide a better experience, offer more products and increase customer loyalty.”The 2026 State of Fraud Report is based on responses from over 500 decision-makers working in a director-level role or higher in the financial services industry across the enterprise banking, regional and community banking, credit union, and fintech sectors. The survey was conducted on behalf of Alloy by The Harris Poll, a global consulting and market research firm.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK, October 21, 2025 – With criminals increasingly using AI to develop more convincing scams, consumers also expect their banks to use the most advanced AI tools to protect them from bad actors, according to the 2025 State of Scams Report from Alloy, a leading identity and fraud prevention platform provider. 85% of Americans worry that AI technology makes scams harder to detect; topping their concerns are AI-driven bank impersonations (28%), voice cloning phone calls (21%) and synthetic identity fraud (18%). While consumers report fears of AI being used against them, the majority also expect financial institutions to use AI to help fight fraud. Two-thirds (66%) of consumers say they are more likely to choose a financial institution that uses AI security measures to protect them. And 97% of customers indicated that fraud prevention and security measures are the most important factor when selecting a financial institution.The report, based on a Harris Poll survey of 2,000 American consumers, found that scams have become deeply personal:62% of respondents report they have been victims of a scam themselves or know someone who hasOver a quarter (28%) of respondents reported losing money as a result of a financial scam. Of those victims, 21% reported losing $5,000 or more.Consumers ranked emotional distress (29%) as the worst consequence of being scammed"The data confirms what we're seeing on the ground: AI hasn't made fraudsters more sophisticated, it's made them more efficient," said Sara Seguin, Alloy. "A single criminal can now launch thousands of personalized attacks in minutes. But here's what's fascinating: consumers get it. They're demanding banks use the same AI technologies to protect them." The report comes at a time when financial scams are pervasive. Another recent report from the Aspen Institute’s National Task Force on Fraud and Scam Prevention found that a majority of Americans say they get scam calls, emails, and texts at least weekly, and more than 50 million U.S. adults have lost money to an online scam or attack. Additional findings from the 2025 State of Scams Report include: Consumers hold banks responsible: Two-thirds (67%) of consumers said that financial institutions should reimburse lost money for scams even when the transaction was personally authorized. At 73%, Gen Z and Millennials were even more likely to expect reimbursement from their financial institution, compared to 62% of Gen X and Boomers. Privacy takes a backseat to protection: 69% of Americans are willing to trade some privacy for AI-powered scam protection Trust hangs in the balance: 87% would lose trust in their financial institution if it failed to notify them about attempted scams “As fraudsters’ use of AI tools accelerates, the scope and scale of authorized payment scams edge closer to a tipping point that threatens to upend the trust relationship across the whole financial system,” said Trace Fooshée, Strategic Advisor at Datos Insights. “As this stark reality settles in, financial institutions are racing to adjust their standards of care and investment priorities to amplify their use of AI tools and to reinvent a more deliberate and collaborative approach to managing and improving customer safety.”The full 2025 State of Scams Report is available here. About Alloy Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
LONDON, September 23, 2025 -- Alloy, a leading identity and fraud prevention platform provider, today announced the launch of a perpetual Know Your Customer (pKYC) solution enhanced by AI insights. The pKYC solution will enable financial institutions and fintechs in the UK, Europe, and beyond to improve the customer experience and grow their business, while simultaneously meeting evolving regulatory requirements. Alloy enables UK banks, fintechs, and payments companies like Flagstone, IG Group, and Liberis to increase customer conversions and scale into new geographies while also preventing financial crime.When it comes to pKYC, many financial institutions in the UK and Europe still rely on pre-scheduled periodic reviews, which can leave gaps in visibility and delay responses to financial crime. Alloy’s pKYC solution raises that standard by pairing scheduled refreshes with real-time reactivity to both third-party and first-party data. Underpinning the solution is a dynamic customer risk assessment (CRA) that can be re-run in the event that a user carries out a suspicious activity or has a suspicious change to their personally identifiable information (PII). Alloy also partners with agentic AI providers Parcha and Greenlite to automate and accelerate ongoing financial compliance, including customer reviews. With Alloy’s pKYC solution, compliance teams can act more quickly, increase their straight-through-processing (STP) rates, and protect their customers from financial crime at scale.“Across the industry, the fight against financial crime is shifting from periodic checks to continuous intelligence,” said Francesco Fulcoli, Chief Compliance & Risk Officer at Flagstone. “Static, point-in-time KYC is giving way to dynamic monitoring, where customer behaviour is analysed in real time, and risk assessments evolve automatically. At Flagstone, we see AI and technology as the catalyst for this change: enabling financial institutions to detect anomalies earlier, respond faster, and reduce friction for genuine clients. This is the direction of travel for the market, smarter AML compliance that is always on, adaptive, and customer-centric.”With regulatory frameworks in the UK, Europe, and beyond becoming increasingly complex, compliance is a top priority for financial institutions and fintechs. Alloy’s 2025 State of UK Fraud Report found that 93% of UK fintech leaders ranked regulatory penalties and reputational damage as their most concerning consequences of fraud. European regulators expect KYC checks to be applied dynamically—not only at onboarding but also throughout the customer lifecycle—requiring per-country and per-product policies that must also adapt as new regulations emerge.“For fintechs operating in Europe, meeting ambitious growth goals while staying compliant across multiple markets is a daily challenge,” said Jason Ioannides, VP, Global Fintech and Sponsor Banking at Alloy. “Implementing dynamic pKYC ensures that institutions aren’t just assessing risk at onboarding but also continuously throughout the customer lifecycle.”To help compliance teams automate responses to high-risk KYC checks, Alloy also now offers electronic ID (eID) verification as a new digital authentication method across multiple geographies. With more EU regulators beginning to mandate acceptance of digital identity wallets, Alloy clients can seamlessly integrate eID as a step-up into their KYC workflows—unlocking expansion opportunities in new European and global markets where the ability to verify eIDs may be required. Verifying via eID is also faster and simpler for customers than manual methods such as uploading documents or selfies, enabling financial institutions and fintechs to increase their customer conversions.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK, August 25, 2025 – Alloy, a leading identity and fraud prevention platform provider, announced today that its solution for Sponsor Banks, Alloy for Embedded Finance, was named Best Know Your Customer/Business (KYC/KYB) innovation by Datos Insights as part of its 2025 Fraud & AML Impact Awards. “Embedded finance presents a massive growth opportunity for both financial institutions and fintechs, but it’s also an area where regulatory expectations are constantly evolving” said Jason Ioannides, Vice President, Global Fintech & Sponsor Banking at Alloy. “Alloy for Embedded Finance allows our clients to automate the fraud and compliance piece of bank/fintech partnerships so that they can focus on driving business growth.Alloy for Embedded Finance enables Sponsor Banks like Grasshopper Bank to enforce compliance and risk controls at scale across their partner portfolios on a fully auditable platform, while enabling fintechs to build on those requirements to create better customer experiences. The product leverages the strength of Alloy's platform and includes a parent/child account configuration. Sponsor banks (or 'parent accounts') have the ability to designate different levels of autonomy and guardrails for each of their fintech partners (or 'child accounts'), depending on how mature the fintech is, how much of the process the fintech wishes to own, and the risk appetites of both parties. Alloy for Embedded Finance was recognized due to the customizability of policies per fintech it enables, its scalability for growing fintech partner portfolios, and its unified platform to manage compliance across the portfolio.“As the embedded finance sector continues to expand, the regulatory scrutiny and compliance challenges facing sponsor banks have intensified,” said Chuck Subrt, Research Director, Fraud & AML Practice at Datos Insights. “By offering flexible control mechanisms that can accommodate different partnership models and risk tolerances, Alloy for Embedded Finance provides a scalable solution that can grow with institutions’ needs. It enables banks to create a unified compliance framework that can scale across multiple partnerships and accommodate different risk tolerances and business models.”Datos Insights is the leading research and advisory partner to the banking, insurance, and securities industries—both the financial services firms and the technology providers who serve them. The Datos Insights Impact Awards are designed to recognize and celebrate innovation achieved by financial institutions and insurers globally, and to share across the industries what the best business impact looks like now.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK (AUGUST 20, 2025) – Alloy, a leading identity and fraud prevention platform provider, has announced a new global partnership with Mastercard to launch an enhanced customer onboarding solution for financial institutions and fintechs. The new Mastercard Alloy joint onboarding solution will leverage identity verification and open finance to streamline the end-to-end onboarding process while combatting fraud.According to Alloy’s 2025 State of Fraud Report, fraud rates continue to rise, with 60% of financial institutions and fintechs reporting an increase in 2024. As a result, 93% of financial organizations reported plans to invest in ongoing fraud prevention measures in 2025, with 64% planning to implement an identity risk solution.The Mastercard Alloy joint onboarding solution provides a consistent identity risk strategy and onboarding experience across channels. Alloy intends to leverage Mastercard’s best-in-class global digital identity verification capabilities and suite of open finance-powered account opening solutions to help financial institutions and fintechs manage fraud and identity risk and secure account funding throughout the customer lifecycle. Mastercard products will be integrated and pre-configured in Alloy for seamless deployment. In addition to pre-built integrations to Mastercard products, customers will receive access to over 200 risk and identity solutions available through Alloy, helping to improve customer conversion rates, reducing manual reviews, and ensuring comprehensive end-to-end coverage. “Fraud continues to be a significant challenge for financial institutions and consumers alike, underscoring the urgent need for robust fraud prevention measures,” said Dennis Gamiello, EVP, Global Head of Identity at Mastercard. “This joint onboarding solution will be a game-changer in the fight to reduce fraud and deliver a seamless and secure customer experience.”“Successful fraud prevention starts with a holistic approach to understanding identity. Our partnership with Mastercard will allow more financial institutions and fintechs to evaluate customer identities holistically. The end result for those companies will be a better digital experience and less fraud risk, allowing their businesses to grow effectively,” said Parilee Wang, Chief Product Officer at Alloy.To learn more about Alloy, visit http://alloy.comAbout AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
NEW YORK, July 16, 2025 – Alloy, a leading identity and fraud prevention platform provider, has been recognized on CNBC‘s World’s Top Fintech Companies 2025, a listing of the top 250 fintech companies globally ranked by CNBC together with market research firm Statista. This is Alloy’s second time to be named to the prestigious list. “Winning this award is an honor because it speaks to our strength across multiple vectors including our platform, our client success and support teams, and our culture,” said Tommy Nicholas, CEO and Co-founder at Alloy. “We’re looking forward to continuing the momentum as we further grow our team and simultaneously help our clients grow their businesses.”Alloy was founded in 2015 to help solve the identity risk problem for companies that offer financial products by enabling them to outpace fraud and confidently serve more people around the world. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy to take control of fraud, credit, and compliance risk, and grow with the clearest picture of their customers. Alloy’s identity and fraud prevention platform provides access to over 250 partner solutions to help clients make decisions about their customers in real-time. “Alloy has spent the last decade building a product and team trusted by some of the largest fintechs and financial institutions in the world,” said Charles Birnbaum, Partner at Bessemer Venture Partners. “Along the way, they’ve stayed true to fostering a culture of collaboration that continues to set them apart as a best place to work in fintech.”Headquartered in New York, NY, Alloy is comprised of over 280 employees and has been recognized as a Best Workplace by Forbes, Inc., American Banker, and more. Interested applicants can apply for open roles at https://www.alloy.com/about/jobs. About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK, June 26, 2025 – Alloy, a leading identity and fraud prevention platform provider, announced it now serves over 700 clients globally, including financial institutions and fintechs such as Navy Federal Credit Union, Consumers Credit Union, Grasshopper Bank, and UK-based IG Group. Fueled by strong demand, Alloy grew revenue significantly while simultaneously improving profitability metrics—demonstrating the company’s focus on sustainable growth.“We’re committed to approaching fraud prevention not just as a control function, but really as a growth driver,” said Keith Kettell, Chief Revenue Officer at Alloy. “Helping our clients grow safely and efficiently has meant our business has grown right alongside them.”Financial institutions and fintechs are increasingly challenged to find the balance between optimizing growth and managing identity risk. Alloy was founded in 2015 to solve this core challenge and today continues to evolve to ensure that clients have the platform, solutions, and guidance they need to achieve smart growth. The company has offices in New York and London, where its UK-based team, clients, and revenue continue to grow rapidly in service of fintechs and financial institutions operating across multiple geographies. To help clients not only prevent fraud attacks, but also respond to them in real time when they happen, Alloy recently launched Fraud Attack Radar, an AI and machine learning (ML)-powered solution that provides financial institutions and fintechs with actionable intelligence on fraud threats targeting new account creation. Fraud Attack Radar goes beyond a simple alert and instead provides potential insights into why a fraud attack is happening, who’s behind it, and how to respond effectively. The product is the latest addition to Alloy’s suite of actionable AI tools, which help clients assess risk both at the portfolio level (Fraud Attack Radar) and entity level (Entity Fraud Model) throughout the customer lifecycle.Alloy also continues to invest in its industry leading network of solutions, channel, and systems integrator partners. The company recently announced new and expanded channel partnerships to provide customers of Q2, Narmi, Blend, and 10x Banking with access to Alloy’s premier identity and fraud prevention platform across onboarding and ongoing use cases. To provide financial institutions with best in class sources of fraud and compliance data, Alloy also added 18 solutions partners in the past year, including BioCatch, Innovis, and Data Zoo. Today Alloy provides pre-configured access to over 250 solutions—from device risk to behavioral biometrics and document verification.In support of its next phase of growth, Alloy has made key additions to its executive team:Dustin Lawler joined as Chief Operating Officer, bringing over two decades of experience leading global technical teams at high-growth SaaS companies, most recently as an executive at Datadog. Lawler now oversees Alloy’s technical solutions organization with a focus on maximizing the value of both Alloy’s platform and highly experienced team for clients. Kim Nguyen has been promoted to Chief People Officer following five years of growing Alloy’s global team. Under Nguyen’s leadership, Alloy has been recognized as a Best Place to Work by Forbes, American Banker, Inc., and Built In, among others—a testament to the company’s people-first culture. Nguyen will focus on building out Alloy’s skilled workforce as the team continues to hire and grow.“Alloy stands out in the industry due to the company’s highly collaborative work with its clients, who view the Alloy team as trusted partners in the fight against fraud,” said Dustin Lawler, Chief Operating Officer at Alloy. “I’m excited to be joining the company at such a pivotal point in its growth trajectory and helping our clients grow alongside us.”About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
London, 18 June 2025 -- IG Group (“IG”), the FTSE 250 online trading company, has partnered with Alloy, a leading identity and fraud prevention platform provider. The partnership enables IG to better achieve full regulatory compliance without impinging on the company’s capacity to provide a seamless customer experience and hit ambitious business growth objectives. The UK financial services industry has developed one of the most rigorous and demanding regulatory regimes globally. Meeting compliance standards is critical to the success of any UK financial services or fintech company. Asked to name the most concerning consequences of fraud in Alloy’s recently published State of UK Fraud Report, almost all C-suite leaders at UK fintechs put satisfying regulatory requirements and mitigating reputational damage at the top of the list.* On top of this pressure to remain compliant, UK fintechs and banks also face pressure to grow. Many businesses operate on outdated, internally-built tech stacks that are too rigid to adapt to evolving demands. At the point of onboarding or verifying customers, the collection and verification of documentation is often managed manually, resulting in fragmented workflows, poor data visibility and a high volume of referrals to KYC analysts for further manual inspection. These delays and hurdles typically result in lower than desired STPs (straight through processing rates), which in turn lead to higher lead times to account activation and higher dropout rates in prospective clients. Alloy’s industry research indicates that this complexity is heightened in businesses like IG that serve customers in multiple markets globally and are processing multimillion pound transactions. Without automated workflows that enable perpetual KYC, unnecessary friction and delays can be passed onto customers. William Mead, Head of Operations at IG Group, comments: “Integrating Alloy’s identity and fraud prevention platform into our risk management processes is transforming perpetual KYC from a conceptual ideal to a real-life, proven way of operating that increases automation and efficiency, and reduces risk and development burden. “From the outset, Alloy’s UK team fundamentally appreciated the drain on capacity and resources that continual ID verification creates without the right technology in place. Alloy’s automated verification and monitoring tools help us refocus our attention and efforts to deliver the sort of user experience an IG customer expects from us. By continually ensuring we know who our customers are in accordance with expanding regulatory rules, the experience we can provide feels less intrusive, less onerous and more streamlined.” By leveraging Alloy, IG has been able to develop a dynamic and holistic approach to risk management through the client lifecycle from onboarding to in-life. This approach reduces the potential for regulatory risk, alleviates the need for remediation efforts after risks are exposed, and improves customer conversion and retention. At the same time, Alloy enables IG to consolidate operational workflows in all jurisdictions and orchestrate multiple data signals for due diligence flows based on risk level and geographic requirements, which results in far more automated processes and fewer manual activities. Since integration, IG has experienced a significant increase in automated activations. Most of the time previously spent handling remediation efforts after risks were retrospectively exposed is deployed elsewhere on activities like proactively improving internal processes and enhancing the customer journey.James Baston-Pitt, Alloy’s Head of Growth UK, EMEA and APAC, adds: “IG is an exceptional company that has been focused and collaborative in making bold transformations to their customer decision-making and in-life processes. Balancing the importance of robust, compliant, and seamless experiences globally involves fine-tuning customer journeys to maximise automation in both core and expansion markets. We are very excited about what we have achieved together so far.”Notes to Editors * 93% of UK fintech C-Suite leaders rank regulatory penalties and reputational damage as the most concerning consequences of fraud - Alloy State of UK Fraud Report, March 2025About IG GroupIG Group (LSEG:IGG) provides online trading platforms and educational resources to empower ambitious clients around the globe. Headquartered in the UK, IG Group is a FTSE 250 company that offers clients access to ~19,000 financial markets worldwide. www.iggroup.com About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. https://www.alloy.com/uk
Irvine, Calif., June 11, 2025 — Origence, the leading lending technology solutions provider for credit unions, announced a strategic partnership with Alloy, a premier identity and fraud prevention platform provider. This partnership provides credit unions with a scalable and highly effective solution to grow their business by streamlining digital member onboarding and digital lending while also proactively mitigating fraudulent activity.Through this partnership, Alloy will enable credit unions to verify member identities with access to more than 200 best-in-class sources of fraud, identity, and compliance data without the burden of managing individual integrations. Alloy provides credit unions with the ability to:Optimize growth by increasing top of funnel conversion rates, onboarding automation rates, and speed of origination.Orchestrate unique fraud prevention data points for digital new account opening and direct lending.Easily select from a variety of pre-built fraud and identity solutions, promoting tailored security measures.Reduce costs by pausing additional fraud checks on low-risk applications and make real-time adjustments to balance security and cost-effectiveness. Quickly detect fraud risks in online member onboarding and lending channelsImplement automated know your customer (KYC) and customer identification program (CIP) checks to promote compliance and enhance security measures. Fraud has become an escalating challenge for credit unions, with attacks evolving in sophistication and frequency. At the same time, fraud prevention is acting as a growth driver for financial institutions by enabling them to onboard genuine members. According to a 2025 report from Alloy, 87% of financial institutions reported that the money saved by fraud prevention outweighs its costs. To keep up with growing fraud, credit unions must diversify and layer their fraud solutions to evolve as quickly as the threats they face, ultimately unlocking additional growth opportunities for their business. “As fraud continues to evolve, we recognize the need for cutting-edge solutions that will protect our partners and their members without compromising efficiency,” said Brian Hendricks, Chief Product Officer of Origence. “By integrating with Alloy’s powerful fraud detection capabilities, we equip credit unions with the tools to safeguard their operations, build trust, make more loans, and open new accounts. This is more than just another integration; it’s about empowering credit unions with confidence to move faster than the pace of fraud.”“Credit unions are highly skilled at providing high-quality experiences to the member communities they serve,” said Keith Kettell, Chief Revenue Officer at Alloy. “Our partnership with Origence enables credit unions to continue to faithfully serve their members while also ensuring they reduce fraud risk and ultimately grow their business.”About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.About OrigenceOrigence provides lending technology solutions credit unions need to advance their total origination experience. We were established in 1994 as a credit union service organization (CUSO) and have helped thousands of credit unions process more than 97 million applications, including 8.6 million applications in 2024. Our solutions include indirect lending, loan and account origination, auto shopping, marketing automation, lending operations, and more. Learn more at www.origence.com and follow us on X and LinkedIn.
NEW YORK, May 13, 2025 -- BioCatch, which prevents financial crime by recognizing patterns in human behavior, today announced a new partnership with identity and fraud prevention platform provider Alloy. The deal fully integrates BioCatch’s end-to-end account opening (AO) solution into the Alloy platform, offering the more than 700 financial institutions and fintech companies that work with Alloy the opportunity to leverage BioCatch’s behavioral and device intelligence.“This is an exciting moment for us,” BioCatch Senior Director of Global Integration Jay Whoriskey said. “The integration of BioCatch’s behavior-based fraud-fighting tools into Alloy’s best-in-class orchestration platform has the potential to protect millions of consumers from account-opening fraud, while also offering a seamless digital experience.”Alloy’s platform seamlessly integrates more than 200 of the most innovative fraud-fighting and identity-verification tools on the market. With this new partnership,Alloy clients can easily add BioCatch’s account-opening protection to their fraud prevention toolset with no custom integration needed. BioCatch’s 2024 Digital Banking Fraud Trends in North America report documented a 59% decrease in AO fraud among the company’s American and Canadian customers, while 72% of the 600 fraud-management, anti-money laundering, and risk and compliance leaders surveyed for BioCatch’s 2024 AI, Fraud and Financial Crime Survey said their organization had encountered cases of synthetic identities when onboarding new clients.“In a world where AI has made financial fraud more scalable than ever, behavioral intelligence tools are essential for separating genuine customers from bad actors,” Alloy GM of Partner Solutions Brian Bender said. “Our integration with Biocatch will give Alloy’s clients another tool in their arsenal for fighting digital fraud in this challenging environment.” About BioCatch:BioCatch prevents financial crime by recognizing patterns in human behavior, continuously collecting more than 3,000 anonymized data points – keystroke and mouse activity, touch screen behavior, physical device attributes, and more – as people interact with their digital banking platforms. With these inputs, BioCatch's machine-learning models reveal patterns in user behavior and provide device intelligence that, together, distinguish the criminal from the legitimate. The company’s Client Innovation Board – an industry-led initiative in partnership with American Express, Barclays, Citi Ventures, HSBC, National Australia Bank, and others – collaborates to pioneer innovative ways of leveraging customer relationships for improved fraud detection. Today, more than 30 of the world's largest 100 banks and 267 total financial institutions deploy BioCatch solutions, analyzing 14.9 billion user sessions per month and protecting 511 million people around the world from fraud and financial crime.About Alloy:Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
San Francisco, CA: Blend Labs Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, announced today an expanded partnership with Alloy, a leading identity and fraud prevention platform provider.As part of the new agreement, Blend customers can now more seamlessly and cost-effectively access Alloy’s advanced identity and fraud prevention capabilities into their consumer banking solutions, ultimately building a safer and more trusted digital banking experience in order to grow their business.“Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence,” said Blend's co-founder and CEO, Nima Ghamsari. “With this expanded relationship, we’re making it even easier and more cost-effective for lenders to access top-tier risk and fraud prevention tools—seamlessly built into their workflows.”This latest evolution builds on a longstanding partnership between Blend and Alloy, which has been delivering integrated fraud prevention and compliance solutions across Blend’s deposit account and consumer lending products. Financial institutions using this joint solution are already seeing measurable impact, including Langley Federal Credit Union:"Earlier this year, Langley was hit with a fraud attack, but Alloy and Blend quickly caught it and stopped it,” said Cris Daly, Digital Product Manager at Langley Federal Credit Union. “Alloy detected nearly 700 fraudulent applications and automatically rejected them so that none of those fraudsters made it into our portfolio."Through identity orchestration, the partnership enables lenders to meet KYC (Know Your Customer) requirements and screen for fraud by leveraging a range of third-party data sources. Configurable workflows further enhance efficiency by intelligently sequencing these providers in a cost-effective and optimized manner, ensuring institutions can balance security, compliance, and operational ease.“Fraud prevention has become a critical need in the lending industry, as financial institutions seek smarter, more efficient ways to manage identity risk and grow their business,” said Keith Kettell, Chief Revenue Officer at Alloy. “By combining our expertise in fraud prevention with Blend’s industry-leading consumer banking platform, we’re equipping lenders with the tools they need to stay ahead of threats while also automating and simplifying their operations.”To learn more about Blend’s Consumer Banking solutions, visit blend.com/products/consumer-banking-suite.About BlendBlend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
NEW YORK, NY (March 24, 2025) -- IncredibleBank, a digital-focused community bank headquartered in Wausau, WI, has partnered with Alloy, a leading identity and fraud prevention platform provider, to provide faster service to improve its account opening process, helping the bank to accelerate growth and reduce manual reviews. "Before Alloy, our account opening platform leveraged a single data source and was completely manual," said Phil Suckow, VP of Innovation at IncredibleBank. "Our application volume varied month-to-month, from a few hundred to a few thousand applications, requiring significant back-end resources during spikes. Now, everything is instant."By leveraging Alloy, IncredibleBank significantly improved the bank's digital onboarding process and overall operational efficiency. Application review time was reduced by 88%, and manual reviews were reduced by 90%. IncredibleBank selected Alloy after evaluating several platforms, citing its robust automation capabilities, user-friendly interface, and proven success in mitigating fraud. Alloy's platform has enabled IncredibleBank to:Reduce new account approval times from 2-5 days to instant decisionsCreate holistic risk profiles for applicants by combining five different data sourcesReallocate a full-time employee from application reviews to sales-focused tasksIdentify and mitigate potentially fraudulent applications more effectively“The move to Alloy was strategic, improving our onboarding customer experience and driving business growth without added risk,” Phil Suckow, VP of Innovation at IncredibleBank added. “We needed a platform to automate KYC, KYB, and fraud at originations at an enterprise level. Alloy met those requirements and allowed us to leverage its platform across various business units.” "We are thrilled to partner with IncredibleBank to enhance their account opening process and drive their growth. Their mission is to grow their customers' entire financial relationship is one we wholeheartedly support and are proud to help the bank as they aim to provide an incredible customer experience," said Jamie Verdi, Head of Client Success at Alloy.To learn more about Alloy, visit http://alloy.com About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
London, 19 March 2025 -- More than two in three UK fintech companies (68%) are reporting higher fraud volumes compared with one year ago, according to new data published today by Alloy, a leading identity and fraud prevention platform provider to over 600 fintechs and financial institutions globally.79% of UK fintechs say they lost at least £500,000 to fraud in the 12 months to October 2024. Strikingly, two in five (38%) fintechs reported losses of between £1m and £5m in that time, and one in ten (9%) lost more than £5m. Alloy’s State of UK Fraud Report identifies three key factors impacting UK fintech’s response to rising fraud: Regulatory compliance weighs more heavily than the risk of financial or customer losses93% of fintech C-Suite leaders ranked regulatory penalties and reputational damage as the most concerning consequences of fraud - ahead of direct financial losses and the loss of clients (both 87%). In late 2024, the UK’s Payments Systems Regulator introduced mandatory reimbursement requirements for victims of APP scams, which require that the sending and receiving organisations each shoulder 50% of the reimbursement cost. As a result, 97% of UK fintechs agreed that it is critical for receiving payment service providers (PSPs) to have robust financial crime controls. Indeed, two-thirds (67%) of UK fintechs say the PSR’s rules are driving overall increased investment in fraud prevention.James Baston-Pitt, Alloy’s Head of Growth UK, EMEA and APAC, comments: “The UK is home to one of the most sophisticated anti-fraud regulatory regimes. However, domestic regulatory innovation can not solve the problem on its own. Fraud is a global, borderless issue. This creates challenges for all fintech companies - in particular, those that want to operate internationally or extend their services to non-UK customers. Fintech businesses are negotiating multiple regulatory regimes against a backdrop of AI-driven fraud that moves and adapts faster than regulations can keep up.”Crime rings are behind the majority of fraud eventsThree quarters (73%) of UK fintechs report that organised crime rings are responsible for the majority of the fraud events identified by their businesses. Less than a fifth (19%) attribute most fraud to customers acting knowingly (known as ‘first party fraud’) and just 8% believe customers who are coerced account for the most fraud cases. “Fraud is a numbers game, and AI is making that game faster, cheaper, and easier for crime rings,” adds Baston-Pitt. “But there are data signals that fintechs can track to distinguish the bad actors from genuine customers. The opportunity now lies in using AI and data-sharing to track certain behaviours, establish patterns created by criminal groups and use that knowledge to eliminate them.”Inadequate internal resources persist, but investment to prevent fraud is growingOf UK fintechs that say their organisations are not sufficiently equipped to respond to growing fraud threats, almost three in five (57%) identify insufficient people, tools and access to data as the top reasons for their unpreparedness. 43% say their current fraud prevention controls are insufficient. In the face of these deficits, 96% of UK fintechs report that they are investing in fraud prevention in 2025. There’s a consensus that these investments pay off: 92% of respondents agree that the amount of money their organisation saves thanks to fraud prevention outweighs its cost. Fintechs cite identity risk solutions as their top investment for reducing fraud rates. “Fintechs face a difficult challenge to equip themselves against an enemy that is continually shapeshifting,” concludes Baston-Pitt. “But it’s encouraging to see that the vast majority of firms look to fraud prevention investment as an outlay to support future growth.”The survey was comprised of responses from 118 decision-makers working in a director-level role or higher at fintech organisations in the UK. The report was conducted on behalf of Alloy by The Harris Poll, a global consulting and market research firm.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. https://www.alloy.com/uk
NEW YORK, March 10, 2025 -- Alloy, a leading identity and fraud prevention platform provider, today announced the launch of Fraud Attack Radar, a machine learning-powered solution that provides financial institutions (FIs) and fintechs with actionable intelligence on fraud threats targeting new account creation. The new solution helps organizations address rising fraud risks by alerting in real-time when a suspected fraud attack is happening, with actionable insights in the Alloy platform to contain, triage and investigate threats, giving FIs the ability to proactively fight fraud without impeding growth. According to Alloy’s 2025 State of Fraud report, 60% of FIs reported an increase in fraud events last year, and only 33% of FIs detected fraud events at onboarding, meaning organizations are leaning too heavily on transaction monitoring controls to catch fraud. With Fraud Attack Radar’s instant alerts, Alloy clients can move to a proactive approach to detection, enabling FIs to stop fraud before money has left their organization. Earlier detection at the point of account opening also enables organizations to save time and resources, minimizing the need for manual clerical work to rectify fraud-related issues.“Many financial institutions are already using AI to prevent fraud,” said Parilee Wang, Chief Product Officer at Alloy. “What sets Alloy apart is that we use AI not just to alert our clients to fraud attacks, but also to provide them with actionable guidance on how to respond. With the Alloy platform, a fraud attack very quickly goes from being a terrifying problem to a contained threat.”Fraud Attack Radar is a data model developed leveraging Alloy’s unique insights into both common and emerging fraud attack strategies targeting the financial services industry. The new solution helps predict the likelihood that a financial institution is undergoing a fraud attack - that is, a coordinated attack by bad actors to create fraudulent accounts using specific fraud attack patterns or strategies. When suspicious activity is detected, clients receive real-time alerts with digestible insights and can instantly deploy more conservative policies to stop the bleeding while keeping their funnel open for low-risk applicants, and reducing overhead for manual review teams. Alloy also streamlines clean-up efforts by providing details on the entities involved to enable further investigation and provides recommendations on how to reopen their funnels over time."Alloy's Fraud Attack Radar gives us the ability to tap into intelligence across Alloy’s broad network to help us identify fraud attack patterns,” said Jacob Salkovitz, VP, Consumer Product Team Leader at Cambridge Savings Bank. “Not only will these notifications allow us to take quick action to contain potential risk, they'll help us save time and resources in the long term so our teams can focus on having a unified and holistic view of identity within the Alloy platform, which will enable us to unlock a level of proactivity."Key benefits of the Fraud Attack Radar include:Actionable insights: whether it’s deploying ‘safe mode’ policies, conducting further due diligence on impacted applications or initiating an investigation, take immediate action within a single platform.Industry-wide onboarding intelligence: a model is only as good as the data you feed it. Alloy’s model is trained on high-velocity attack patterns seen across the financial services industry to improve model accuracy. Portfolio-level insights: Fraud Attack Radar is designed to work at a portfolio level, identifying trends across an entire population of applications. This gives organizations a holistic view of identity risk in addition to the individual/applicant view available within the Alloy platform. Seamless implementation: Existing Alloy clients simply need to opt into using Fraud Attack Radar to adopt it and begin seeing benefits. There are no complex configurations or additional setups needed. Fraud Attack Radar is the latest tool in Alloy’s suite of actionable AI capabilities. While other solutions typically only inform clients when suspicious activity is identified, all signals from Alloy’s models enable them to take immediate action, whether that is conducting an investigation or triggering a more conservative policy. Insights that are gathered throughout the customer journey will continually feed into Alloy’s machine learning models to compute the risk profile of clients – both at a portfolio level (Fraud Attack Radar) and also at an entity level (Entity Fraud Model) – so FIs and fintechs can always stay on top of their risk.Fraud Attack Radar is available immediately to all Alloy clients using the Alloy platform for account origination in the United States. For more information, visit www.alloy.com.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at https://www.alloy.com/
London, United Kingdom, March 5, 2025 -- Flagstone, the UK’s largest savings platform*, has partnered with Alloy, a leading identity and fraud prevention platform provider, to deliver a seamless, automated onboarding experience for individual and business customers. The partnership allows Flagstone to approve new applications within seconds, without impinging on the highest standards of security and compliance, and integrate global data partners into a single dashboard.By leveraging Alloy, Flagstone’s enhanced KYC (Know Your Customer) controls ensure that every new client benefits from a streamlined and intuitive onboarding journey without compromising on rigorous verification processes.With £1.1 trillion lost to financial crime annually in the UK**, financial institutions must strike a delicate balance between security and speed. Traditional onboarding processes can be manual, slow and full of friction, discouraging customers from completing applications and leaving firms vulnerable to fraud. The situation is exacerbated by a surge in AI-driven impersonations, deep fakes and organised crime rings. Together these present greater challenges for companies whose duty it is to protect themselves and their customers from the risk of financial loss. Through its partnership with Alloy, Flagstone has automated its onboarding process, reducing friction, improving conversion and pleasing customers, all without compromising security. With Alloy, Flagstone has significantly upgraded from a legacy onboarding process that sometimes took several hours and required manual oversight. Now, Flagstone has vastly increased its average STP (straight through processing rates). As a result, the company can now offer savers access to the UK market’s widest choice of savings products faster than ever before.Francesco Fulcoli, Chief Compliance and Risk Officer at Flagstone, comments: “Alloy fully understands our ambition to take a data-led approach to analysing our users’ needs and translate that back into the sort of compliant and superior customer experience we want to provide. By digitising our AML/KYC processes with Alloy, we’ve sped up exponentially how quickly savers can begin to enjoy access to hundreds of savings accounts on a single platform. Speed with certainty delights customers, serves our bank partners well, and sets us up for continued market leadership for years to come. Alloy’s automated monitoring and decisioning tools ensure we can meet our regulatory obligations efficiently while offering our customers a fast and secure onboarding experience.”James Baston-Pitt, Alloy’s Head of Growth UK, EMEA and APAC, adds: “Businesses like Flagstone must maintain a constant balance between acting in the best possible interests of their stakeholders while also maintaining a brilliant customer experience. By partnering with Alloy, Flagstone is creating a secure and stable environment in which the business can swiftly verify customer identities without causing unnecessary friction or delays - something that is paramount to the successful operation of this fast-growing, in-demand business. We’re delighted to be the engine behind Flagstone’s latest innovation.”Founded in 2013, Flagstone has grown quickly in the last three years to become the UK’s largest savings platform as more savers than ever turn to cash as a way to maximise the interest earning potential on their money in a low-risk, high-return way. Today Flagstone handles around £16 billion in assets on behalf of its individual, business and charity customers. Flagstone customers generated cumulative returns of more than £500 million on their savings in 2024 through the platform. Flagstone is also the engine behind the savings proposition for over 1000 financial services providers with whom Flagstone has API integrations or partnerships.Founded in 2015, Alloy enables global fintech companies to balance risk with growth as they serve more customers around the world. Some of the world’s fastest-growing fintechs rely on Alloy’s identity and fraud prevention platform to test, launch, and scale new products while maintaining confidence in their customers and the trust of partner banks and regulators. From supporting single-use cases like customer onboarding to powering end-to-end identity risk management, Alloy’s configurable solutions for fraud and compliance risk, dedicated expert guidance, and extensive ecosystem of data partners enable fintechs to future-proof their growth.This announcement follows the recent news that Flagstone has recorded record growth, including a 46% increase in revenue to £55 million and a 49% rise in Assets under Administration (AuA) in the twelve months to 31 December 2024.* Based on number of banks on panel and savings accounts on platform** UK Finance Annual Fraud Report 2024About FlagstoneFlagstone is a fintech company located in London that’s recreating how people grow their money. Since 2015, Flagstone’s group assets under administration stand at around £16 billion and it has become the UK’s largest savings platform by the number of banks and savings accounts on its panel. Flagstone customers can gain access to over 220 savings accounts from 66 of the UK’s leading cash savings providers, from the largest incumbent banks to challengers. Flagstone’s total AUA is currently increasing by more than £1 billion per quarter as more customers look to maximise the interest earning potential while minimising risk. Originally created as a platform for individual savers to access and maintain multiple cash savings accounts in one single place, today Flagstone provides white-label and API-integrated capabilities for businesses to offer their own customers easy-to-use, adaptable and competitive savings options. Flagstone partners with many of the UK’s leading wealth management firms including St. James’s Place, and powers a range of savings products at financial services providers including Saga and Revolut.Flagstone Group Ltd is authorised by the Financial Conduct Authority (reference number 605504) under the Payment Service Regulations 2017 for the provision of payment services. www.flagstoneim.com About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 600 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.https://www.alloy.com/uk
