Alloy serves credit unions of all sizes — from community to multiregional — enabling them to onboard members quickly, continuously monitor their activity, and offer them new products, while keeping their business safe and compliant.
Design and support your ideal member journey without taking uncomfortable risks.
Grow your member base, increase top-of-funnel conversion rates and onboarding automation rates, and enable faster decisioning so you can focus on optimizing your members’ banking experience and financial well-being.
Consolidate vendor relationships and integrations by easily selecting from a variety of best-in-class solutions for KYC/KYB, AML, direct lending, indirect lending, and fraud verification. With pre-built integrations to 200+ data products, seamlessly test and deploy data vendors within hours.
Provide a consistent and unified member experience across channels, including online, in-branch, call center, and dealer portal applications. Design tailored policies that cater to the risk of each channel, all while ensuring your members are held to the same standard.
Fraud can significantly impact the member experience and erode trust in your organization. You want your members to know that their security is your top priority, and you are always working to protect their accounts, identity, and personally identifiable information (PII). Control when to apply adaptive friction, run passive verification, or grant access to additional products/services.
Reduce fraud losses and increase trust by using a proactive, identity-centric approach and continuously computing the risk profiles of your members.
Improve efficiency by automating decisions and only applying additional fraud checks to high-risk applicants.
Consumers Credit Union utilizes Alloy to instantly verify over 78% of applicants while keeping fraud in check.
Alloy enables a streamlined, omnichannel onboarding experience that supports both growth and smarter risk decisions.
With Alloy, Consumers has experienced:
“We’re able to shift our focus toward areas of growth because we don’t have to spend so many resources on fraud. We’ve been able to designate resources for think tanks to ensure we are constantly evolving and expanding. Our loan growth has been increasing by 12% year over year, which is a remarkable achievement considering that many organizations are content with maintaining a flat growth rate."
Account opening
Deposit acquisition
Consumer and small business onboarding
Identity verification
Credit underwriting for personal loans, credit cards, insurance, and mortgages
Prequalification
Credit line management
Credit remarketing
New account fraud
Synthetic fraud
Deposit fraud
Identity verification
Payment interdiction
Initial and ongoing KYC/KYB regulations
AML sanctions and watchlist screening
BSA/AML transaction monitoring
Customer risk rating
Case management and SAR filing
Prior to working with Alloy, Mountain America Credit Union’s fraud detection system automatically approved too many members, including fraudulent applicants, and they had to manually review each online application. After implementing Alloy, they were able to adjust the flexible workflows as needed to optimize the amount of well-intentioned members they let through their onboarding funnel.
With Alloy, Mountain America Credit Union has experienced:
“Alloy gives us a lot more visibility into the concerns behind flagged applications. It helps us understand what type of fraud we’re dealing with, so we can better protect our members and the credit union.”
Consumer expectations are higher than ever — and they want a fast, intuitive application process that’s both low-touch and personalized at the same time. Learn ways to optimize your credit underwriting processes, so they prioritize compliance without jeopardizing the member experience.
And many more. Visit our Partner Center to see our complete list of partners.