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.
7th largest credit union in the U.S. drives growth by keeping members safe
Watch a conversation and demo to see how banks and credit unions can use machine learning models to stay ahead of fraud risk and deliver friction-right experiences.
When authentication and fraud prevention operate in silos, account takeover attacks slip through. Here's what unified detection actually looks like.
Alloy Marketplace unites 270+ partner solutions and a new library of pre-built decisioning logic in one dashboard. Discover, test, and deploy from one place.
Why spend time on tedious manual reviews when AI can do it for you? Learn how agentic AI for KYC and compliance is helping financial orgs optimize efficiency.
7th largest credit union in the U.S. drives growth by keeping members safe
Alloy’s real-time risk assessments helps IncredibleBank create a holistic risk profile for each applicant.
Alloy helps Earnest optimize customer onboarding and underwriting to boost conversion rates
Know Your Agent (KYA) is how financial institutions verify AI agents acting for customers. Learn the core controls and how it differs from KYC.
Learn how actionable AI empowers financial institutions and fintechs to move from detecting fraud to agile prevention.
Banks and fintechs run into challenges that cause customer friction when it comes to AML, KYB, and KYC regulations.
Managing PII and transaction data for better customer engagement and conversion.
Datos Insights and Alloy outline the benefits of data orchestration for identity risk management in financial services.
FINTRAIL and Alloy outline the global embedded finance landscape and share tips for mitigating risk and overcoming common challenges that come along with offering embedded finance products.
Discover which path forward is right for your organization's identity decisioning process.
Datos Insights profiles Alloy’s fraud orchestration solution and how it sizes up in the market.
In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.
Discover which path forward is right for your organization's identity decisioning process.
Alloy CEO Tommy Nicholas reflects on the recent trend of merchants and fintech companies blocking consumers from using money coming from neobank accounts. In his blog, he explains why he's worried about what this trend could mean for the fintech industry and the underbanked.
We polled over 250 compliance, fraud, and risk decision-makers to provide insights into how these organizations are navigating the fraud landscape.
Looking at compliance trends in 2023 and making predictions for 2024
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Holiday season is in full swing, and if you’re like me, you still haven’t done all of your holiday shopping. It seems everyone in my life has gotten into crypto this year, so to gain some inspiration for my upcoming shopping spree, I asked Alloy team members what I should get for the fintech fanatics in my life. Here are their top suggestions:
We are excited to be able to offer a more transparent view into our partnerships to help clients and prospects select the best integrations and data sources for their workflows. Check out the new section of our website dedicated to our partners to showcase how they work with Alloy.
NEW YORK, Dec. 9, 2021 -- Alloy, the leading identity decisioning platform for banks and fintech companies, today announced the debut of its Partner Center, a new dedicated resource for clients to gain more transparency into its partner integrations. Through the Partner Center, Alloy brings the best technology and data providers into full view for it's current and prospective clients, allowing them to make informed decisions on the connections they need. Alloy's API-based platform pulls the many variables that encompass digital identity from 120+ different data source products into one centralized location, helping banks and fintech companies reduce friction between them and their customers by seeing beyond their address and social security number. Alloy's best-in-class KYC and fraud detection capabilities are powered by these partners and the data they provide, which in turn enables its clients to verify identities, prevent fraud, monitor transactions and power credit underwriting. With the Partner Center, clients and prospects will have more transparency intot how these technology and data partnerships work so they can easily select the integrations that are right for their workflows, creating a seamless customer experience "Socure has been a very happy and strategic partner of Alloy's since day one. We are thrilled to be able to showcase the breadth of Socure's identity, fraud and AML solutions that are fully integrated within Alloy's Partner Center." Johnny Ayers, founder and CEO of Socure. Both early collaborators and new partners will be featured in the Partner Center, including: AcuantBerbixChexSystemsCognitoComplyAdvantageEkata, Inc., a Mastercard companyEquifaxExperianIDologyInscribeLexisNexis® Risk SolutionsMANTLMiddeskNarmiNeuro-IDOcrolusOnfidoSentiLinkSilaSocure, Inc.SumsubTelesignTransUnionTreasury PrimeVouched"Our partners are a central part of Alloy's value offering," said Tommy Nicholas, CEO at Alloy. "We provide our clients with easier access to data points across a variety of vendors and data sources, pulling them together into a single workflow. This is increasingly important as the threats and opportunities in digital identity become more nuanced and digital. We are hoping that the Partner Center will start the conversation with our clients earlier about all the power tools that exist, moving beyond the basic KYC information, to transform the customer experience and increase automated decisioning." Alloy's platform lets banks and fintechs add new data sources and make changes to workflows all from a simple user interface with no coding required, allowing engineering teams to focus on more valuable work. With Partner Center, customers will have greater insight into which data sources will provide the most value for them, making the process even more seamless. To learn more about Alloy, visit www.alloy.com About AlloyAlloy is the command center for identity that covers your compliance and fraud-fighting needs. Our dynamic platform connects you to more than 120 data source products to help you verify identities and monitor transactions - giving you a holistic view of each customer from the day they onboard and throughout their time with your organization. From automatic decisions and fewer manual reviews to smooth onboarding, Alloy is how smart banks and fintech companies take a closer look at the whole picture. Learn more at Alloy.com and on Twitter @UseAlloy.
It’s been an exciting past few months at Alloy. In September, we announced our Series C funding, and in October, we launched our newest product, Credit Underwriting. The good news keeps on rolling in this month! Deloitte named Alloy as number 24 on their annual North America Technology Fast 500 list.
NEW YORK, November 17, 2021-- Alloy, the leading identity decisioning platform for banks and fintech companies, today announced Daylight, the first LGBTQ+ digital banking platform in the United States, will be leveraging Alloy to automate the identity verification process during customer onboarding and monitor transactions throughout the customer lifecycle. Alloy's API-based platform brings the many pieces of digital identity into a centralized platform, working across more than 120 data sources to enable clients like Daylight to make better risk decisions. After a customer opens an account with Daylight, Alloy’s Transaction Monitoring continuously reviews their financial activity and flags risky behaviors. “The approach Alloy has taken to identity verification and monitoring was appealing because it enables us to see a customer as more than just one or two limited factors, like a license or phone number,” said Daylight co-founder and COO Billie Simmons. “Daylight currently has a waitlist of over 100,000 customers, so having the ability to act quickly and efficiently during onboarding will empower us to provide our clients with the services that have been missing from this industry.” Increasing access to basic and equitable financial services is a mission shared by both Alloy and Daylight. There’s a deep divide for LGBTQ+ community that Daylight is seeking to bridge through its approach to banking. More than 30 million Americans identify as LGBTQ+ and have been historically underserved by traditional financial services firms. Whether it’s discriminatory loan practices, complications with deadnaming or the resulting biases generated by algorithms, there has been a lack of technology available to service the unique challenges faced by this community. “We are excited to be part of Daylight’s mission to better serve the LGBTQ+ community,” said Laura Spiekerman, CRO and co-founder of Alloy. “Access to financial services should be a right, not a luxury. With a more holistic onboarding process leveraging 120+ data source products, we can create a seamless experience for Daylight customers while also reducing the company’s overall exposure to fraud.” Alloy is helping create a future in which banking is accessible for all. Its platform helps traditionally underserved financial institutions, like small credit unions, local banks and fintech firms, expand their digital product offerings to better serve their communities. Alloy’s technology also helps financial institutions remove some of the bias in decision making by providing easy access to alternative data sources to help verify applicants who might not have traditional identification, such as a driver's license. To learn more about Alloy and Daylight, visit www.alloy.com and www.joindaylight.com. About Alloy Alloy is the command center for identity that covers your compliance and fraud-fighting needs. Our dynamic platform connects you to more than 120 data source products to help you verify identities and monitor transactions - giving you a holistic view of each customer from the day they onboard and throughout their time with your organization. From automatic decisions and fewer manual reviews to smooth onboarding, Alloy is how smart banks and fintech companies take a closer look at the whole picture. Learn more at Alloy.com and on Twitter @UseAlloy. About Daylight Founded in 2020, Daylight is the first and only digital banking platform in the U.S. specifically designed for and by the LGBT+ community. Daylight’s card, app and digital services prepare members for the future faster by helping them to navigate the finance system, generate smarter habits and connect with a community working together to build the life they deserve without compromise. Daylight is backed by financial and payment industry icons Visa and Marqeta. The company was founded by Rob Curtis, Billie Simmons and Paul Barnes-Hoggett. To learn more, visit joindaylight.com. Media contact:Kayla PerkinsN6A on behalf of [email protected]
Learn more about Alloy’s Legal Counsel, John Wagner, who shares his experience transitioning from a top law firm to taking his talents in-house.
We had a great time hosting our first client conference last week. In case you missed the hottest event following Money 2020, here are the biggest takeaways from the conference.
The biggest event in fintech returned to Las Vegas last week. The event was filled with thought-provoking sessions, networking events and parties, and lots of opportunities to meet with prospects, clients, and partners. Let’s unpack some of the top industry trends and recap Alloy’s participation at the event.
Alloy is expanding our identity decisioning platform once again: now offering Alloy Credit Underwriting to enable financial institutions (FIs) to make faster, smarter credit decisions while reducing risk for their businesses. This is our next step towards creating a robust platform where financial institutions can make all of their identity and risk decisions.
NEW YORK, October 20, 2021 -- Alloy, the leading identity decisioning platform for banks and fintech companies, today announced the expansion of its Identity Decisioning Platform to include credit underwriting decisioning capabilities. Working in tandem with its Onboarding and Transaction Monitoring products to create a 360-degree view of each customer, Alloy Credit Underwriting enables financial institutions to make faster, smarter credit decisions. Alloy clients can use detailed identity data gathered during onboarding in combination with credit bureau data and alternative underwriting data to offer credit products to more people with less risk. Credit underwriting has historically been a siloed process, creating challenges for banks and fintech companies to provide products in a fair, unbiased way. Good applicants are often rejected because of a lack of data and subsequently, manual reviews worsen the customer experience leading to drop off. Since the credit score was introduced in 1989, there has been a lack of innovation in the way that credit limits are determined. “It can be complex and challenging to get started with a new credit product, but Alloy made it easy by allowing us to translate complex policies into workflows for underwriting and risk functions,” said Andrei Cherny, CEO and co-founder of Aspiration. “As a result, we see automated credit decisions with a seamless application process, while still allowing easy drill downs into decisioning and optimizing the funnel further.” Alloy supports access to a broad range of external and proprietary data sources so that banks and fintech companies can optimize their credit underwriting decisions. For example, if applicants have thin credit files, their credit score may not qualify them for a credit offering; however, looking at cash flow data might paint a clearer picture of their creditworthiness. Alloy’s API allows financial institutions to pull in their customer information, credit bureau data and other alternative underwriting data (such as cash flow data) through a single point of integration, providing a more detailed picture of the applicant. Clients can then transform their credit policies into configurable, flexible workflows, resulting in a more effective way to visualize and review an entire credit origination application for each customer, enabling smarter risk decisions. “The launch of Credit Underwriting really showcases the strength of Alloy’s platform; combining the data gathered throughout the customer journey into one central location, creating a unique identity profile that can be used to offer customers a personalized experience and makes processes like underwriting less risky,” said Tommy Nicholas, CEO and co-founder of Alloy. “We’re just getting started in fulfilling our mission of helping financial companies deploy safe and seamless digital customer experiences.” The new product expansion comes on the heels of significant growth for Alloy, recently raising a Series C funding round of $100M led by Lightspeed Venture Partners. The launch of Credit Underwriting is the next step to making a fintech company as easy to build as an ecommerce product - because risk is not something businesses should have to figure out, but rather something they should be able to install. What originally began as a platform used to automate onboarding decisions has evolved to include new transaction monitoring capabilities, now processing more than 370,000 transactions daily for clients like Petal, HMBradley and Ramp. Credit Underwriting is a natural extension of Alloy’s technology as the company strives to become the command center for all things identity. For more information, visit https://www.alloy.com/credit-underwriting. About Alloy Alloy is the command center for identity that covers your compliance and fraud-fighting needs. Our dynamic platform connects you to more than 120 data source products to help you verify identities, monitor transactions and make credit decisions - giving you a holistic view of each customer from the day they onboard and throughout their time with your organization. From automatic decisions and fewer manual reviews to smooth onboarding, Alloy is how smart banks and fintech companies take a closer look at the whole picture. Learn more at Alloy.com and on Twitter @UseAlloy.
Alloy's GM of Fintech, Charley Ma, takes a deep dive into one of the newest (and fastest-growing) categories of small businesses - influencers and creators. Charley outlines business pain points creators face and how innovative fintech companies are addressing those pain points.
We are excited to announce that we made the 2021 CB Insights' Fintech 250 list! The list honors fintech’s top startup companies across 19 sectors, including digital payments, cryptocurrency, core banking & infrastructure, insurance and asset management.
Learn more about Alloy’s Senior Product Designer, Rachelle Nidra Somma, who shares her perspective on the challenges of being a designer with dyslexia and what it’s like to work every day with an invisible disability at Alloy.
