Alloy’s Identity Element Velocity feature offers clients the ability to decision off of identity elements when they are seen across multiple entities; for example, detecting identities that share a SSN or phone number, then taking subsequent actions—such as tagging it informationally, running additional services or determining an outcome.

New updates to Identity Element Velocity include:

• The option to decision off of more identity elements, including email domain, mother’s maiden name and IP address.
• The ability to add more than one PII element to an IEV rule for the same evaluation (while keeping entities, timeframe and velocity count the same). For example, detecting other entities that have used both the same SSN and device alias in an evaluation within a timeframe.

For full details on how to use this feature, see our support article.

New changes have been made to the user interface for What-If Analysis, including the addition of a confidence level to show the level of certainty in the results of the analysis.

To learn more about What-If Analysis, view our documentation here.

Multi-entity and multi-branch Journeys can now be configured in the Alloy dashboard, supporting use cases that involve multiple entities running through Journeys, such as joint applications, business applications and router flows.

You can also now configure various branches within a Journey to create sub-journeys if you require differing logic for each entity type, for example, a “persons” branch and a “businesses” branch. This allows you to route the entities within an application through the applicable branch.

To learn more about multi-entity Journeys, view our documentation. If you’d like to try Journeys, reach out to your CSM or [email protected] to learn more.

Alloy clients can now use What-If Analysis for complex workflows such as Credit Underwriting, including those with matrix models.

For example, when running a What-If Analysis on an Underwriting workflow featuring matrix models, any changes to a threshold range and/or matrix value will be accounted for in the Preview Changes panel. Results are displayed in the Preview Changes panel after an expected run time of 1-2 minutes.

To learn more about the What-If Analysis feature, view our documentation here.

Credit Underwriting clients can now use JQ expressions with output attributes. This is similar to the existing functionality currently available for input attributes.

An example of using JQ expressions with output attributes is enabling rounding capabilities with credit policies, such as rounding a credit line assignment to the nearest $100 or rounding a number to the nearest hundredth decimal point.

If you’d like to incorporate JQ into your output attributes, reach out to your CSM or [email protected] to learn more.

New API makes it easy for clients to import “final outcome data” or “client feedback data”. This is data that identifies whether customers are fraudulent or not. This goes beyond approve/deny decisions and looks at a customer’s behavior over time. Alloy clients who import this data can gain additional insights into fraud behaviors of their customers and how to prevent future fraud.

With the release of this new API, we encourage clients to send us final outcome data on a regular cadence. Please reach out to your CSM or [email protected] to get started. Also, please reference our API documentation or client support documentation.

Business attributes are now available for Allow/Deny Lists to be imported and decisioned on. This allows Alloy users to apply decisions based on business data received and reviewed. For more information, please see our documentation.

Alloy now provides a better CSV import experience for all users. This update makes it easier to validate the quality and format of the data being imported. Read our full documentation for how to use this new CSV import functionality.