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.
We asked Yigit Yildirim, Socure’s Vice President and Head of Fraud & Risk, to offer his perspective on the modern identity fraud stack, paths to optimize fraud efficacy, and consider how forward-thinking fraud teams should prepare for changing economic conditions.
Alloy announces $52 million in additional Series C
NEW YORK, September 1, 2022 -- Alloy, the leading Identity Decisioning Platform for banks and fintech companies, announced that it raised an additional $52 million led by Lightspeed Venture Partners and Avenir Growth with participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures, bringing the company's valuation to $1.55 billion. The funding will help the company as it accelerates its growth to address the global demand for fraud prevention tools.Alloy enables clients to pull in customer information, traditional credit bureau data, and other alternative data through a single point of integration, providing a complete picture of their customer. Earlier this month, the company announced its global expansion into 40 countries across North America, EMEA, LATAM, and APAC.“We feel incredibly lucky to have partners that not only understand the impact of our investments into our platform and in expanding globally but also proactively come to the table to support them,” said Tommy Nicholas, co-founder and CEO of Alloy. “With this newest investment we’ll be able to accelerate our growth and better address the global fraud challenges that companies are facing.”Founded in 2015, Alloy has grown to meet the rising demand for identity tools that help companies fight fraud and stay compliant while onboarding new customers in the US and abroad. 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 risk of fraud.“With fraud rates on the rise, Alloy plays a critical role in the financial ecosystem by bringing their expertise and platform to both emerging fintech companies and established banks,” said Justin Overdorff, Partner at Lightspeed Venture Partners. “Fraud is inevitable and one of the biggest risks for new financial technology; leveraging Alloy's infrastructure gives companies a leg up fighting fraud by giving a unique holistic view of each customer from the day they onboard and throughout their entire life cycle as a customer.”Over the past 12 months, Alloy has seen revenue more than double. The company currently serves banking and fintech companies including Ally Bank, HMBradley, Gemini, and Ramp, processing over a million decisions daily.“What makes Alloy unique is that the company hasn’t just built a powerful platform; its team consistently delivers expert guidance to help companies, big and small, navigate risk as well as regulatory requirements,” said Andrew Sugrue, Managing Partner at Avenir.To learn more about Alloy, visit https://www.alloy.comAbout 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
For our latest installment of our Employee Spotlight series, I talked to Kenny about how he juggles working at Alloy and being a new father.
NFTs are a misunderstood innovation. While they may seem like a speculative asset class, many more potential use cases exist. But fraud is unfortunately rampant, and it's important to understand what will drive positive (or increasingly risky) developments in this space.
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.
The latest guest in our fraud Q&A series exploring fraud trends in the financial services space is Christina Luttrell, CEO at GBG Americas. Christina explains why IDology is concerned about Card-Not-Present fraud and what they are doing to protect financial institutions from it.
This past month, the team was focused on supporting the launch of our five Employee Resource Groups (ERGs). We also provided resources for Disability Pride Month and refreshed our quarterly employee DEI metrics.
Alloy has partnered with NeuroID to give our clients access to crowd-level and individual behavioral data to leverage during customer onboarding. Learn about how pre-submit data can shine a spotlight on fraudsters (and genuine applicants!) before they even click “submit”.
An Alloy Client Success Manager takes you through his first-hand experience helping one of our clients work through a fraud attack.
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Your guide to understanding the different types of fraud and their impact on your financial institution
Alloy is expanding internationally with the backing of several new data sources and coverage for 40 countries across EMEA, APAC, and LATAM regions.
NEW YORK, August 3, 2022 -- Alloy, the leading Identity Decisioning Platform for banks and fintech companies, announced its global expansion. Today, Alloy’s platform for fraud and risk decisions is available in 40 countries across North America, EMEA, LATAM, and APAC. Alloy already has an established presence in EMEA, led by Edwina Johnson, and will continue to grow its global presence over the coming months. Over 300 companies use Alloy’s API-based platform to connect to more than 150 data sources and automate identity decisions during account origination and monitor them on an ongoing basis. Over the past seven years, 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 the risk of fraud. "Alloy was a clear choice to bring together our multiple API's and processes as we scale globally,” said Paul Becker, founder and CEO, Art Money. “Operating in the US, UK, Australia, and New Zealand with more to come, we wanted a global tech partner who could grow with us as we unify our onboarding, underwriting, and compliance processes into one flexible, comprehensive, no-code platform." “We've identified a clear need in the global market for Alloy, particularly with the recent rise in fraud, fines for poor implementation of regulatory requirements, and the growth of embedded finance", said Edwina Johnson, head of Global at Alloy. "We're excited to bring Alloy's unique platform, and team, to companies operating worldwide.” Now live in 40 countries with document verification support for 195 countries, Alloy enables clients to pull in customer information, traditional credit bureau data, and other alternative data through a single point of integration, providing a more complete picture of their customer. With nearly 40 data sources currently supporting global coverage, long-standing data partners like ComplyAdvantage, Onfido, Experian, and GB Group companies play a key role in delivering best-in-class fraud solutions on a global scale. Alloy has launched new partnerships with global data providers, including: CodatFullCirclGlobal Data Consortium Nova CreditProveSiftTruliooVeriff“In our borderless world, the ability to offer robust data sets that span the globe has never been more imperative. As proponents of a global-first approach, we are keen on collaborating with Alloy to ensure our customers around the world can navigate the complexities of KYC, KYB and Watchlist requirements to onboard entities with ease," said Garient Evans, SVP, Identity Solutions at Trulioo. 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, and Canapi Ventures, Alloy’s platform connects companies to more than 150 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
When implemented strategically, a comprehensive risk management solution can become a competitive advantage that enhances your customers’ experience and saves you time and resources. In this post, we’ll highlight why KYC and KYB are important and offer some recommendations on how you can make compliance a productive part of your business strategy.
We weigh the pros and cons of broad advertising for consumer credit cards and share three cost-effective tips for expanding your TAM without opening yourself up to more risk.
The latest guest in our fraud Q&A series exploring fraud trends in the financial services space is Mary Ann Miller, the Fraud & Cybercrime Executive Advisor and VP of Client Experience at Prove. We talk to Mary about what FIs can do to prevent SIM swapping.
June was another eventful month for Alloy’s DEI Committee, with both Juneteenth and Pride month. On top of that, we launched our ERG (Employee Resource Group) program. Here’s a look inside our past month.
Throughout the month of June, many of our employees have been celebrating Pride month! We caught up with a few of our LGBTQ+ employees to ask them how they celebrate Pride and learn more about the queer community at Alloy.
We look at KYC/AML compliance regulations over the years, talk about three sectors to watch out for in the regulatory landscape and break down how Alloy fits into it all.
The month of May was a busy one for Alloy’s DEI Committee as we held events and gathered resources to honor both Asian American and Pacific Islander (AAPI) Heritage Month and Mental Health Awareness Month. We also squeezed in a bystander learning workshop.
In recent months, DeFi has been in the regulatory crosshairs for its lack of KYC and AML safeguards (among other reasons). We discuss how DeFi has managed to get this far without KYC and explore the future of this controversial space.
Our Credit Data series takes a closer look at the data partners that we’ve integrated within our credit decisioning workflows. In this first post of the series, we interview Chris Hansen at Nova Credit on using alternative data for evaluating credit risk.
We share four ways you can build an effective digital assets strategy—from mounting a robust risk management system to partnering with fintech companies to accelerate your roadmap.
