Content Library

Article 5 min read 

How leading banks and fintechs are verifying thin-file applicants

Many members of the underbanked population have no or thin credit files — which, in a classic case of what comes first, the chicken or the egg — makes it even harder for them to acquire a credit card. But how can organizations safely verify and underwrite these populations? I asked experts from Alloy, Equifax, Nova Credit, Zest AI, and Ocrolus to find out.

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Article

• #Credit Underwriting
• #Banking
• #Fintech
• #Global Expansion
• #Onboarding

Article 10 min read 

A brief history of the evolution of fraud technology

We take a look at the evolution of fraud technology over the past two decades to help gain a better understanding of how banks and fintechs can fight fraud, maintain their customers’ trust, and continue to keep up with customer expectations for the onboarding experience—even as new threats emerge. 

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Article

• #Fraud
• #Compliance
• #Fintech
• #Banking
• #Onboarding
• #Ongoing Monitoring

Article 2 min read 

DEI @ Alloy: April 2023 roundup

Another month, another set of excellent events from Alloy’s Employee Resource Groups (ERGs)! Trail Blazers (our ERG for women @ Alloy) hosted a panel with Women in Fintech and a volunteer event. HOLA (our Hispanic Organization & Leadership ERG) hosted a spicy salsa social. Meanwhile, the DEI Committee is hard at work behind the scenes planning company-wide training programs for the rest of the year.

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Article

• #Alloy News

Article 12 min read 

Cannabis Compliance: How banks can tap into the budding marijuana industry

In honor of the official/unofficial holiday in celebration of marijuana — lovingly referred to as "4/20" — we take a look at cannabis compliance requirements. Experts from BCB Community Bank and Shield Compliance share their tips for banks and fintechs thinking about opening a cannabis program.

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Article

• #Compliance

Article 9 min read 

Real-time payments: RTP vs. FedNow

Do faster payments mean faster fraud? We break down real-time payments and what they mean for your fraud controls.

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Article

• #Fintech
• #Banking
• #Fraud

Article 3 min read 

Nearly two-thirds of Americans report concerns about tax fraud

Tax season brings with it new potential for fraud against Americans, and the numbers reveal that they are both aware of this threat and concerned about it. In this blog, we dig into the data around consumer fraud fears and discuss the repercussions for financial institutions.

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Article

• #Fraud

Article 4 min read 

The digital transformation of in-branch account opening

There’s been a lot of talk about how customers only want to operate online nowadays. In response, businesses are focused on building or improving their digital experience — and they should be. Gen Z and millennials tend to opt for online experiences before in-person ones, but that doesn’t mean you can forget about your in-person experience.

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Article

• #Fraud
• #Banking
• #Compliance
• #Onboarding

Article 6 min read 

How to stop small business banking fraud

There's no way to sugarcoat it. Banks and fintech companies alike are getting crushed right now by small business account fraud. In this blog, we break down what types of small business banking fraud to look out for and how to prevent it.

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Article

• #Fraud
• #Banking
• #Fintech

Article 3 min read 

When and how to file a Suspicious Activity Report (SAR)

What is a Suspicious Activity Report (SAR)? Who is required to file a SAR? When do you need to file one? How do you file one? — Alloy's Director of Compliance answers all these questions and more.

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Article

• #Compliance
• #Fraud

Press Release

Alloy partners with Kyckr to streamline KYB checks for global companies

Mar 21, 2023

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Press Release

• #Alloy News

Article 2 min read 

DEI @ Alloy: March 2023 roundup

Our employee resource groups (ERGs) hosted some amazing events over the past month, and our employees celebrated Black History Month and Women’s History Month.

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Article

• #Alloy News

Article 5 min read 

Sole proprietorships vs. LLCs: how to verify small businesses

KYC, KYB, and AML laws require financial institutions to verify a company’s (and its beneficial owners’) identity before offering the business financial services or products. We break down the nuances of onboarding sole props vs. LLCs.

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Article

• #Fraud
• #Compliance
• #Banking
• #Fintech
• #Onboarding
• #Credit Underwriting

Article 6 min read 

Why knowledge-based authentication (KBA) is not effective

Alloy CTO, Charles Hearn, uses his own knowledge-based authentication (KBA) questions to prove why they are an not effective approach to identity verification.

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Article

• #Fraud
• #Onboarding
• #Ongoing Monitoring

Press Release

Baker Hill Partners with Alloy to Help Financial Institutions Verify More Loan Applicants & Mitigate Fraud Risks

Feb 28, 2023

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Press Release

• #Alloy News

Article 4 min read 

What is ambient fraud?

The most common type of fraud is one you might not have heard of yet. Here’s how to identify and combat ambient fraud.

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Article

• #Fraud

Article 3 min read 

Eight years of bringing Alloy’s vision, mission, and values to life

Alloy's co-founder and CEO, Tommy Nicholas, reflects on the foundations that help inform everything we do here at Alloy.

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Article

• #Alloy News
• #Fraud
• #Compliance

Article 4 min read 

DEI @ Alloy: February 2023 roundup

Our DEI committee and employee resource groups (ERGs) are continuing to put together awesome events and volunteer opportunities for Alloy employees. Take a look at what went on over the past 30 days, including Black History Month and Lunar New Year celebrations.

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Article

• #Alloy News

Article 7 min read 

Why collaboration is key to fighting fraud

Alloy CEO Tommy Nicholas reacts to new State of Fraud Benchmark Report.

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Article

• #Fraud
• #Fintech
• #Banking

Press Release

Identity decisioning platform Alloy launches in the UK

Feb 09, 2023

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Press Release

• #Alloy News

Press Release

Enigma Partners with Alloy to Diversify Access to Small Business Intelligence

Feb 07, 2023

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Press Release

• #Alloy News

Article 5 min read 

What is transaction monitoring?

In the age of dating apps, you have to sift through a lot of weird texts and bad first dates before you find your perfect match. Oddly enough, fintech companies and banks follow a similar process when they onboard new customers and monitor their ongoing financial activity.

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Article

• #Compliance
• #Ongoing Monitoring