Know your customer (KYC)
Verify customer identity within seconds. Get clear visibility into risk levels and the factors behind each evaluation.
Bring together your preferred KYC providers through one simple API platform
Create customized workflows based on product lines, geography, and risk tolerance
Build a holistic, evolving view of customer needs and risks over the customer lifecycle
Take a risk-based approach to periodic and real-time perpetual KYC checks (pKYC)
Unify identity document verification services, AML screenings, biometrics, liveness detection, and more under a single user-friendly dashboard.
Meet KYC compliance and anti-money laundering (AML) requirements with explainable workflows that stand up to audits and remain defensible over time.
Adjust thresholds, apply consistent controls, and respond to changes in customer risk without rebuilding workflows. Alloy helps financial institutions and fintechs meet regulatory compliance requirements while proactively identifying financial crime.
Alloy brings identity verification and authentication together within a broader decisioning framework. This allows risk management teams to apply the right level of scrutiny at the right moment, reducing unnecessary friction for low-risk customers, while allowing high-risk customers safe access to more services.
KYC software helps financial services companies verify customer identities, perform customer due diligence, and meet regulatory requirements during onboarding and throughout the customer lifecycle. KYC services can be either periodic or perpetual (pKYC).
The pKYC process is different from periodic KYC reviews in that it involves the continuous monitoring of customer profiles. After initial customer due diligence (CDD) at onboarding, customer information is monitored on an event-driven basis, triggering a targeted KYC review when risk changes. This proactive approach reduces manual checks, improves operational efficiency, and supports ongoing risk mitigation throughout the customer lifecycle.
KYC software protects against fraud by combining AI-driven decisioning, layered data sources, and configurable rules to help financial institutions and fintechs assess risk consistently. Effective KYC solutions support identity checks in-branch and online, allowing teams to apply the same controls and standards across customer touchpoints. Software providers like Alloy help unify fraud defenses across the financial services ecosystem, reducing false positives while maintaining strong adherence to KYC regulations and AML compliance.
Alloy supports know your business (KYB) by verifying beneficial ownership and related entities using a wide network of trusted data sources and AI-powered risk assessment technology. Financial institutions and fintechs can swap out data sources as needed and update KYC and KYB configurations according to their risk tolerance.
Yes. Alloy screens against global sanctions lists, watchlists, and PEP databases and supports ongoing monitoring for changes. Alloy supports multiple jurisdictions and regulatory frameworks, making it suitable for banks and fintechs operating across multiple regions. We built our platform with scalability in mind, so sanctions and PEP screening remain consistent even as regulatory complexity increases.
By automating the verification process and reducing manual reviews, Alloy helps fraud and compliance teams expedite customer onboarding without sacrificing accuracy. Our identity verification solution adapts to different risk profiles and business needs, so low-risk customers move through the onboarding process quickly while high-risk cases receive appropriate scrutiny. The result is a smoother user experience for everyone (except legitimate fraudsters and suspicious actors).
Alloy’s KYC software gives financial institutions and fintechs more flexibility, broader coverage, and greater functionality than traditional KYC solutions. Teams can customize KYC processes spanning ID verification, AML screenings, and continuous behavioral and transaction monitoring through a single API. Our all-in-one platform plugs into over 250 data solutions, including Entrust Sentilink, Lexis Nexis Risk Solutions, Prove, Trulioo, and others. AI-powered insights help compliance teams understand risk drivers, reduce false positives, and spend less time locked in manual review.