Content Library

Fraudsters work in real-time. Fraud prevention tools should too.

Many financial institutions are still using a “Day-2” fraud review process. We explain why Day-2 reviews should be a last resort and how FIs can catch fraud in real-time instead.

How AI is transforming fraud prevention

Many banks and fintechs are turning to AI as their choice tool to combat the widespread rise in fraud. Meanwhile, fraudsters are leveraging AI to outsmart banks and fintechs. We take a look at the new double-edged sword in fraud-fighting.

How to stay ahead of first-party fraud

What is first-party fraud? Let’s look at some examples, identify key challenges, and find out how to fight back with automated fraud processes, KYC, and ongoing monitoring.

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.

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.

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.

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.

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.

How to stay compliant with sanctions screening obligations

Breaking down sanctions watchlists screening, know-your-counterparties, and more.

New report shows how banks and neobanks are responding to increased demand for personalized experiences

Customers want more personalized experiences. How does digital banking stack up? Gartner Peer Insights and Alloy surveyed 100 bank leaders to understand what their organizations are doing to provide a personalized and digital customer experience.

Alloy’s SDK powers the future of step-up verification

Alloy's SDK offers a codeless solution for customer onboarding and multi-vendor management. Integrate once and iterate endlessly without wasting engineering resources.

Alloy announces new features to fight fraud including codeless SDK

In response to the dramatic increase in fraud rates over the last year, Alloy has launched new features to help companies continue to grow while keeping up with the pace of fraud.

How to scale your fraud prevention

This guide illustrates how to scale a fraud prevention strategy by balancing coverage, cost, and user experience.

How to tackle the challenges of AML monitoring

Banks and fintechs run into challenges that cause customer friction when it comes to AML, KYB, and KYC regulations.

Alloy goes global

Alloy is expanding internationally with the backing of several new data sources and coverage for 40 countries across EMEA, APAC, and LATAM regions.

Alloy helps Coast achieve its goal of onboarding and underwriting customers in 5 minutes or less

Coast revolutionizes credit underwriting for the fleet industryAlloy helps Coast achieve its goal of onboarding and underwriting customers in 5 minutes or less

What the new sanctions against Russia mean for your financial institution

Alloy is working with our data partners to help our clients respond appropriately and quickly to the new sanctions against Russia. Here are our answers to two questions you may be asking yourself to make sure you're staying compliant.

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.

Live Oak Bank and Alloy partner to decrease fraud and enhance customer experience

Alloy's holistic solution helped Live Oak reduce fraud losses by 27%

How to streamline your digital and in-person account opening

See how Alloy, an identity decisioning platform, can help you mirror your in-person experience online by reducing friction in your digital onboarding, transaction monitoring, and credit underwriting processes.

How banks should adapt for digital growth

Discover the steps your financial insitution needs to take to become digital first in our webinar with LendingClub and American Banker.

Industry insights: Align your identity fraud verification and CIP origination strategies

Hear from Alloy and Wintrust as they discuss challenges, lessons learned, and their outlook of identity fraud and CIP in 2023 and beyond

Unleashing growth with small business lending and credit

Join experts from Alloy, Enigma, and Experian as they walk through the SMB lending landscape.

Growth-Driven Onboarding: How to optimize onboarding processes to mitigate fraud and accelerate portfolio growth

Watch a conversation between Alloy, Equifax, and Nova Credit as they uncover how to navigate the evolving landscape of lending and fraud prevention.

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