Content Library

Infographic: 2024 Financial Fraud Statistics for Banks, Fintechs, and Credit Unions

Learn how fraud is impacting banks, fintechs, and credit unions in 2024 — and how financial institutions are responding — with our infographic.

Sonovate partners with Alloy to combat evolving fraud trends as company grows

Numerated Partners with Alloy to Supercharge Fraud Prevention in Commercial Lending

Common types of financial fraud explained

From APP fraud to romance scams, money muling, and pig butchering, financial fraud is widely varied — and, sometimes, strangely named.

#Fraud

Risky Business: Adyen’s Leslie O’Callaghan on the balance of risk and growth

We interviewed Leslie O’Callaghan, Global Head of Legal at Adyen, about managing risk at a high-growth organization.

Identity theft: What is it and how do we solve it?

Identity theft is on the rise. Safeguard your financial organization with Alloy’s identity theft mitigation strategies.

Bankers think AI is an anti-fraud lifeline. They're gravely mistaken.

Banks are in an arms race to catch up to fraudsters' use of gen AI — but should they fight fire with fire?

Is fraud just another cost of doing business?

Fraud may seem like an inevitable cost of doing business in the financial industry. But, it doesn't have to be.

#Fraud

FraudGPT and GenAI: How will fraudsters use AI next?

Alloy and Inscribe AI discuss how GenAI will impact fraud prevention.

#Fraud

How to outsmart referral fraud

Limit the number of accounts each individual can apply for. Ensure that one customer can only apply for one account for each of your products.

#Fraud

Data and machine learning in financial fraud prevention

Learn how Alloy uses machine learning and comprehensive data insights to help banks and fintechs stay ahead of evolving fraud threats.

#Fraud

5 must-know AI concepts for fighting fraud

AI-driven fraud is rising, but banks, credit unions, and fintechs are fighting back with machine learning.

Looking back at the SVB shutdown over one year later, what have we learned?

Whenever a bank collapses, fraudsters emerge from the woodwork, eager to take advantage of the chaos. We give you advice on how to handle it.

The evolution of banking

From banking branches housed in ancient temples to cryptocurrency’s blockchain, the history of banking has been long, winding, and fraud-littered.

What fraud risks do sponsor banks face in the embedded finance ecosystem?

If sponsor banks focus solely on compliance, they ignore the fraud risks lurking in the embedded finance ecosystem. But Alloy has a new solution that tackles both fraud and compliance.

Synthetic identities: why fraudsters need imaginary friends

Synthetic identity fraud is the fastest-growing financial crime in the U.S. Learn how fraudsters use AI and stolen PII to commit synthetic identity fraud — and how FIs use Alloy to prevent it.

Why is there such a big difference between check fraud in the US and the UK?

Examples of check fraud in the US do not apply to the UK. Learn more about how the UK managed to control check fraud and whether that’s led to a decrease in its overall fraud rate.

Behind the mask of third-party fraud

Third-party fraud, like identity theft and account takeovers, are bypassing fraud detection daily. Prevent these costly fraud attacks with the right know-how.

#Fraud

Passkeys vs. passwords: which one better prevents fraud?

Passkeys are becoming more popular, but it is important to understand both the benefits and risks of passkey-supported websites and applications.

Why is it so easy to misidentify fraud?

Prioritizing identity is the foundation of a strong fraud prevention strategy. But so many financial institutions still struggle to classify fraud. Alloy knows how they can improve, quickly.

Grasshopper reduced manual reviews by 58% with Alloy

Alloy helps Grasshopper drive down the cost of fraud and expand into new markets while retaining a lean operation

KYC, KYB, KYT: Know your K-Y terminology

Fintechs: What's the difference between KYC and KYB verification? How do KYC checks work? Alloy clarifies 11 essential identity verification definitions.

Why data orchestration is critical to banks and fintechs

Data orchestration helps banks and fintechs gain real-time access to multiple data sources and assists with regulatory compliance, fraud prevention, and growth expansion.

There’s no silver bullet for fraud prevention

Alloy's GM of Partner Solutions explains how Alloy uses data orchestration to magnify the power of our data partner network.

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