Get 2026 fraud trends and statistics for financial institutions and fintechs, and benchmark your fraud strategy to elevate your defenses.
See how Alloy's identity and fraud prevention platform uses AI and 270+ data solutions to detect fraud and accelerate growth across the customer lifecycle.
Alloy CEO Tommy Nicholas breaks down the 3 trends keeping fraud and compliance teams up at night: AI-accelerated fraud, agentic users (KYA), and efficiency mandates.
7th largest credit union in the U.S. drives growth by keeping members safe
When authentication and fraud prevention operate in silos, account takeover attacks slip through. Here's what unified detection actually looks like.
Alloy Marketplace unites 270+ partner solutions and a new library of pre-built decisioning logic in one dashboard. Discover, test, and deploy from one place.
Why spend time on tedious manual reviews when AI can do it for you? Learn how agentic AI for KYC and compliance is helping financial orgs optimize efficiency.
7th largest credit union in the U.S. drives growth by keeping members safe
Alloy’s real-time risk assessments helps IncredibleBank create a holistic risk profile for each applicant.
Alloy helps Earnest optimize customer onboarding and underwriting to boost conversion rates
Know Your Agent (KYA) is how financial institutions verify AI agents acting for customers. Learn the core controls and how it differs from KYC.
Learn how actionable AI empowers financial institutions and fintechs to move from detecting fraud to agile prevention.
Banks and fintechs run into challenges that cause customer friction when it comes to AML, KYB, and KYC regulations.
Looking back at the good (Alloy’s global expansion?), the bad (crypto crash?), and the ugly (Taylor Swift ticket-gate?)
Framing Fintech is a blog series where our GM of Fintech, Charley Ma, interviews leaders in the industry. In part two of Charley Ma's conversation with Aaron Frank, Aaron unpacks the key customer lifecycle events for credit cards, areas where credit card companies get it wrong, and types of fraud that credit card companies should be looking out for.
As we wrapped up the 2022 calendar year, our Employee Resource Groups (ERGs) continued to put on some stellar events. Read on to catch up on how Trail Blazers, Black Alliance, AAPI @ Alloy, and HOLA closed out the year.
Alloy streamlines global identity management with new features that help clients operating across markets stay compliant with local KYC and AML regulations while preventing fraud.
While much of the digital KYC (or know-your-customer) process can be automated today, its business counterpart—KYB, or “know your business”—still requires significant manual work for most financial institutions (FIs). We’re here to unpack the delicate relationship between KYC and KYB. A smooth KYC process can keep your team’s KYB workload manageable at scale, even when onboarding businesses of different types and sizes.
In this eBook, we explore how using multiple data source providers in your identity verification process can not only help you mitigate fraud risks, but also bring on more good customers.
NEW YORK, December 1, 2022 -- Alloy, the leading Identity Decisioning Platform, will help crypto companies prevent fraud while also staying ahead of compliance requirements. New integrations will build on Alloy’s commitment to securing the next wave of crypto, working with leading customers in the space to power their onboarding solutions and transaction monitoring.Since 2015, Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations, including Ally Bank, HMBradley, and Ramp. Alloy helps clients like these find more good customers and bring them into their products without increasing fraud risk. While traditional financial products have solved risk with friction, Alloy’s platform is designed for transparency and efficiency to safely onboard the next billion crypto users.“The time has come for crypto companies to take a future-forward approach to ensuring compliance is integrated into every step of their product lifecycle,” said Charley Ma, General Manager of Fintech at Alloy. “Alloy is ready to help our customers bridge this gap between regulation and implementation. With Alloy’s platform, crypto providers can safely assess any potential threats enabling faster transactions while mitigating regulatory drawbacks.”Alloy has formed new strategic partnerships with crypto-specific providers like Fiat Republic, Fortress, and Chainalysis. With the aid of these partnerships, customers can automate compliance measures, transaction monitoring, and identity decisioning for their end users, ultimately unlocking faster access to crypto platforms with reduced risk.“More regulation of the crypto industry in the US is imminent,” said Albert Forkner, CEO of Fortress Trust and former Banking Commissioner (WY). “In partnership with Alloy, our goal is to make it easier for Web3 companies to both become and remain compliant using purpose-built infrastructure.”“The vast majority of crypto transactions are legitimate, however, as global adoption of crypto grows, the number of illicit transactions is growing alongside it," said Jordan Bregman, Business Development Lead at Chainalysis. "Alloy’s data-driven identity decisioning insights coupled with Chainlaysis’ data and products can help stop criminals and help to prevent fraud and other illicit exposures, making cryptocurrency a safer and more accessible ecosystem for consumers around the globe.”To learn more about Alloy platform and capabilities to help crypto companies fight fraud, visit https://www.alloy.com.About AlloyAlloy helps over 300 banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and backed by leading investors from Lightspeed Venture Partners, Bessemer Venture Partners, and Canapi Ventures, Alloy’s platform connects companies to more than 160 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud. Learn more at https://www.alloy.com
We’re excited to announce Alloy’s identity and risk offering for crypto companies. We’ve been working with our existing crypto customers to build out a robust package of best practices and features. We’ve also deepened our coverage by forming data partnerships and integrations with crypto-native providers such as Chainalysis, Fiat Republic, and Fortress, making Alloy’s Identity Decisioning Platform even more powerful for crypto companies.
In the new edition of Framing Fintech, Charley Ma sat down with Aaron Frank to get his advice on how new credit card startups should approach launching a credit product.
A lot changed in fintech over the past year. 2021 was the year of the fintech founder. We saw epic funding rounds, huge valuations, and a number of lucrative exits. A year later, the market has shifted dramatically, priorities have changed, and fintech leaders are adapting to the new normal. Alloy and Gartner Peer Insights surveyed 100 fintech leaders to find out how the macroeconomic environment is affecting them.
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Alloy’s Employee Resource Groups (ERGs) are hitting their stride as Trail Blazers and Out & About threw some spectacular events this past month.
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.
NEW YORK, November 2, 2022 -- Alloy, the leading Identity Decisioning Platform and transaction monitoring solution for banks and fintech companies, today announced its partnership with Fiat Republic, the fiat-as-a-service platform democratizing access to banking infrastructure for crypto platforms. Over 300 companies use Alloy’s API-based platform to connect to more than 160 data sources, automate identity decisions during account origination, and monitor them on an ongoing basis. Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations by allowing them to find more good customers and bring them into their products without increasing their fraud risk. Alloy believes crypto platforms should take a risk-forward approach to risk and compliance, building crypto products with consumer safety and security in mind. With a strong focus on fraud, Alloy empowers crypto companies to future-proof against shifting regulations and an increasingly complex legal landscape. While traditional financial products solve risk with friction, crypto platforms can forge a new path with financial products like Alloy, designed for transparency and efficiency, enabling safe onboarding for the next billion Web3 users. Fiat Republic, a Web2.5™ company, was born to serve crypto native platforms, which, up until now, have had access to sub-par, slow, and expensive fiat rails (or no access at all). Fiat Republic believes that fiat access will play a vital role in unlocking crypto to the masses. It’s essential to level up and harmonize compliance standards for crypto platforms to unlock access to tier 1 banks. This is critical to delivering better, more efficient, and sustainable fiat rails. With Alloy, Fiat Republic’s customers can automate compliance measures, transaction monitoring, and identity decisioning for their end users, ultimately unlocking better and faster fiat rails for crypto with reduced risk. Fiat Republic has built a fiat-as-a-service platform that aggregates multiple banks across jurisdictions, including the UK, Europe, and the U.S, all via a single API. With a strong focus on integrating into local payment schemes, Fiat Republic empowers crypto platforms to benefit from faster and cheaper payment rails for their users to deposit and withdraw funds. With a compliance-first data architecture, its process delivers end-to-end visibility of money flows and radically simplifies payment operations. “In today’s regulatory environment, it can be challenging for fintech companies to make the jump to crypto without fully understanding how to avoid regulatory repercussions,” said Charley Ma, General Manager of Fintech at Alloy. “Fiat Republic shares our mission to make digital finance accessible for everyone, and we look forward to strengthening their cohesive community with identity decisioning that enables crypto platforms to grow in a compliance manner without fear of fraud.” “Crypto platforms desperately need access to reliable banking rails, however they face a number of obstacles. Our vision is to transform fiat access for Web3, delivering a single fiat API that aggregates banks, and provides sustainable access to local payment rails. The opportunity to partner with Alloy, who shares this DNA as a fellow aggregator, was one we’re really excited about,” said Adam Bialy, Founder and CEO at Fiat Republic. “We’re absolutely delighted to power Alloy’s crypto customers with access to better banking for their treasury and end-user needs.” To learn more about Alloy, visit https://www.alloy.com About Alloy Alloy helps over 300 banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and backed by leading investors from Lightspeed Venture Partners, Bessemer Venture Partners, and Canapi Ventures, Alloy’s platform connects companies to more than 160 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud. Learn more at https://www.alloy.com About Fiat Republic Fiat Republic is an EMI-regulated, Fiat-as-a-Service platform that aggregates local fiat rails for crypto platforms via a single API. Fiat Republic enables crypto platforms to easily embed fiat payments into their platform to deliver frictionless pay-in and pay-outs for their users. Fiat Republic built a brand new category, Web2.5; the bridge between Web2 and Web3, which provides the connectivity tissue between banks and crypto platforms needed to accelerate global crypto adoption. Learn more at https://fiatrepublic.com/.
Alloy's SDK offers a codeless solution for customer onboarding and multi-vendor management. Integrate once and iterate endlessly without wasting engineering resources.
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.
Fraud Startups — the technologically savvy, well-funded, nimble, growth-oriented, and organized network of fraudsters — today announced they raised nearly $100B in a new funding round led by pandemic relief fraud. What are FIs doing about this?
This guide illustrates how to scale a fraud prevention strategy by balancing coverage, cost, and user experience.
Alloy’s Employee Resource Groups (ERGs) have continued to throw some incredible events over the past month to educate and connect our employees. We had a few more events honoring National Hispanic Heritage Month hosted by HOLA, a Mid-Autumn Festival party hosted by AAPI @ Alloy, and a National Coming Out Day storytime session hosted by our Out & About ERG.
We break down the three key trends influencing why so many neobanks, fintech companies, and even companies outside financial services are developing consumer credit programs.
We team up with Blend to share best practices for optimizing and modernizing your user experience.
We’re thrilled to announce that Alloy is teaming up with Stash to help launch their innovative new platform, Stash Core. Alloy’s Identity Decisioning Platform provides ongoing fraud monitoring to keep Stash’s customers’ assets secure.
This month, we continued to support our newly launched Employee Resource Groups (ERGs) get off the ground and host some of their first events. We’ve also got some interesting stats about our ERGs to share.
Alloy CRO, Laura Spiekerman, writes about how infrastructure providers can help fintech companies address fraud and other common fintech pain points.
