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.
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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.
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7th largest credit union in the U.S. drives growth by keeping members safe
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Learn how actionable AI empowers financial institutions and fintechs to move from detecting fraud to agile prevention.
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NEW YORK (April 2, 2026) – Alloy, a leading identity and fraud prevention platform provider, today announced a partnership with Plaid, a global data network powering the digital financial ecosystem, to provide more financial institutions with improved digital tools to fight back against AI-driven fraud. In the past two years, the amount of money stolen by scammers and fraudsters rose 9.2%, largely driven by use of artificial intelligence. As financial institutions combat this increasing threat, the partnership enables Alloy clients to more easily build a holistic picture of customer identities from the start, lowering fraud losses and automating more of their KYC/KYB/AML workflows to reduce manual reviews.“AI is rapidly reshaping the risk landscape for financial institutions, and the best way to keep up is to embrace AI to fight it,” said Adam Yoxtheimer, head of partnerships at Plaid. “Companies like Alloy make it easy for banks to adapt and embed AI-powered tools and signals to see outside the walls of their institution. Together, we’ll help more institutions test and deploy the solutions needed to better understand risk and defend against fraud.”According to Alloy’s 2026 State of Fraud Report, only 24% of financial institutions and fintechs detect fraud at the time of onboarding. That leaves most organizations detecting fraud only after bad actors are in the system and money has already been stolen. To reduce these losses, companies need to build a robust, data‑rich view of customer identities at onboarding and continue to monitor those identities on an ongoing basis. Rather than relying on a single data provider, Alloy’s data orchestration enables institutions to layer and test hundreds of identity, fraud, and compliance solutions in parallel and adapt strategies as threats evolve. Plaid Protect combines machine learning models with cross-institutional insights to help detect fraud throughout a user’s lifecycle. Through the partnership, mutual customers can securely access Plaid Protect’s network‑level fraud intelligence directly in their Alloy workflows. In addition, the Alloy platform will now also include access to Plaid’s tools for verifying identities and assets and streamlining onboarding to build safer, more resilient experiences at scale. Clients can add these Plaid products directly from the Alloy platform, experiment with how they interact with other data sources, and roll out the combinations that best fit their risk appetite and growth goals.Plaid expands its presence in Alloy's industry‑leading network of over 250 partner solutions, all easily discoverable, configurable, and testable in Alloy’s Partner Center. Clients can test different configurations and utilize Plaid alongside other best‑in‑class solutions without building or maintaining separate point‑to‑point integrations.“Alloy was built on the idea that there is no single silver bullet for fraud or compliance,” said Brian Bender, General Manager, Partner Solutions at Alloy. “Our clients need the freedom to layer, test, and evolve their data strategies as threats change. Deepening our partnership with Plaid is a natural extension of that vision.”About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 800 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
Learn how AI fraud detection works in practice, from automated document verification to real-time attack monitoring.
Explore emerging use cases for Alloy’s AI Assistant, including how context-aware KYB research works in practice and how it operates alongside rules and orchestration logic.
Get a preview of how AI Analysis in Alloy automates investigation prep, accelerates case resolution, and maintains audit-ready documentation.
Optimize your fraud detection in banking using machine learning. Get tips from Alloy’s data scientists on interpretability and applying machine learning models for fraud detection.
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.
Authentication and fraud prevention are no longer separate. Learn how risk-based authentication (RBA) helps financial institutions prevent account takeover (ATO), reduce friction, and improve customer experience.
AI Assistant is a native, context-aware AI agent that helps fraud and compliance teams resolve reviews faster and maintain a single source of truth.
NEW YORK, February 23, 2026--Alloy, the identity and fraud prevention platform provider behind over 800 fintechs and financial institutions, today announced the launch of the Alloy AI Assistant, a native, context-aware agentic AI solution to help organizations make faster, more confident decisions. The AI Assistant is embedded directly within Alloy’s risk and identity infrastructure and is able to understand and synthesize data to recommend a decision that a human can approve or configure to automatically accept.Fintechs and financial institutions today are increasingly balancing the need to move quickly to meet customer expectations with the need to manage complex fraud and compliance risks. For years, the solution has been for compliance and risk teams to conduct more manual reviews, resulting in poorer customer experiences and slower growth. The operational costs of managing these compliance workflows also cuts into financial organizations’ revenue. “Alloy's AI Assistant not only saves us a significant amount of time but also gives me the confidence to quickly review and close watchlist alerts based on the insights it provides,” said Edward Campiani, Chief Compliance Officer at EDGE, a fintech data and analytics platform founded in 2021.By leveraging the Alloy platform with the AI Assistant, organizations can automate operationally heavy, non-predictive review steps to save time for risk and compliance teams. In one case, a client reduced the average case review time from 20 minutes to mere seconds. Faster completion of open cases allows financial organizations to onboard more customers efficiently and ultimately increase revenue growth. The AI Assistant also provides a clear review trail to help financial organizations prepare for regulatory audits.“Alloy’s AI Assistant is unique because it’s built on reliable context,” said Tommy Nicholas, CEO at Alloy. “This sounds simple, but many other AI agents end up guessing because, without being embedded into a decisioning engine, they lack the necessary context to interpret, summarize, and contextualize information, let alone power decisive action.”Alloy’s AI Assistant is a part of the company’s Actionable AI suite which also includes Fraud Attack Radar, an AI-powered intelligence that flags fraud attacks at account origination, and Fraud Signal, Alloy’s predictive AI model that powers detection across the full customer lifecycle. The AI Assistant adds an additional layer of generative and agentic risk and compliance intelligence to the Actionable AI suite. This intelligence is informed by Alloy’s data ecosystem and feeds back into the orchestration engine to create a continuously improving decision system.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 800 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
Digital identity management is now mission-critical for banks. Learn how risk-based authentication, KYC, and fraud monitoring reduce AI-driven risk.
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From romance scams to deepfakes, APP fraud is evolving fast. Explore how it happens, who’s responsible, and how to stop it before funds are lost.
Fraud prevention is no longer a cost center; it’s a product differentiator. Learn how financial institutions and fintechs can build trust, fight AI-driven scams, and drive growth with seamless protection.
Join Alloy and Fintech Takes for a candid discussion on where AI creates real impact — and where the risks are real, too.
See Alloy’s Q4 product updates, from predictive fraud signals and AI-driven decisioning to identity-centric risk assessments and new partner integrations.
Strengthen your approach to authentication with an identity verification layer. Alloy works with your CIAM to prevent fraud risk.
LONDON, 21 January, 2026 – Alloy, an identity orchestration platform provider serving over 700 financial institutions and fintechs globally, has today announced the launch of its first perpetual Know Your Business (pKYB) and Customer Risk Assessment (CRA) orchestration solution in the UK and Europe. This launch follows the European launch of Alloy’s perpetual KYC (pKYC) solution in Autumn 2025.Alloy’s pKYB solution enables UK and European banks, fintechs, and payments companies to move beyond static, point-in-time KYB by automatically re-running checks and re-assessing risk when meaningful business and ownership changes occur (for instance, registry updates, watchlist hits, and event-driven risk signals). The solution is bolstered by Alloy’s AI Assistant, which helps further automate the perpetual KYB process by conducting open-ended web research to corroborate business and ownership changes and by running the Enhanced Due Diligence (EDD) review for businesses that change from low to high risk post-onboarding.This helps compliance and risk teams cut down on hours of manual work while improving straight-through-processing (STP) rates.“Through deep conversations with our UK and European clients, it became clear that static, point-in-time KYB was no longer sufficient,” says Grace Liu, Senior Product Director at Alloy. “We took what we learned, evaluated how the pKYB ecosystem was evolving, and built on our pKYC foundation to move quickly toward a proactive, event-driven future — one our clients are genuinely excited about and that Alloy is uniquely positioned to deliver.”For financial institutions operating in the UK and across Europe, expansion into new territories is often integral to their sustained business growth strategies. As that expansion happens, business risk becomes harder to manage: corporate entities evolve, beneficial owners change, and regulatory expectations continue to rise. Yet many business monitoring programmes still rely on heavily manual workflows in which analysts must sift through high volumes of updates, interpret changes, and apply bespoke policies across markets. Rising regulatory expectations are also amplifying the need for more UK and European fintechs and financial institutions to automate their business monitoring. Central banks and regulators throughout Europe are increasing the number of regulatory actions they take against neobanks and traditional banks in their jurisdictions for lack of anti-money laundering controls.“Periodic checks alone aren’t enough—they need to be complemented by continuous business monitoring,” Liu continues. “With pKYB, Alloy helps institutions detect, evaluate, and act on changes to business identity, ownership, and risk by automating risk reassessment and escalating only the most critical alerts to analysts. The result is consistent policies across markets and the ability to scale confidently, with a clear, up-to-date understanding of business risk between reviews.”Early UK test users report that Alloy’s pKYB and CRA solution enables them to achieve strong compliance standards far faster than if they were to build an in-house alternative. Rather than investing heavily in their own technology development to get to a baseline level of compliance integrity, Alloy’s solution allows teams the potential to move ahead of competitors without losing development time and/or sinking unnecessary development costs. Alloy’s approach to pKYB is built for multi-market scale and operational efficiency, enabling institutions to:Apply configurable policies by market, product, and entity risk level, supporting consistent decisioning while accommodating local regulatory requirements.Reduce manual workload with smart routing, using filtered, event-triggered Enhanced Due Diligence (EDD) alerts that send only the highest-risk changes to analysts, while lower-risk updates can flow through automated Customer Due Diligence (CDD) processes.Accelerate investigations with AI-assisted workflows, including summaries and recommended next steps to speed review-to-resolution.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world’s largest financial institutions and fintechs turn to Alloy’s end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world.
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PLANO, TX —Dec. 18, 2025 — MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, and Alloy, a leading identity and fraud prevention platform provider, today announced that their partnership has processed more than 2 million deposit applications, achieving an average automated application decision rate exceeding 80%. The partnership now supports over 150 shared customers, delivering a seamless, end-to-end account opening and risk management workflow that helps financial institutions increase conversion rates, reduce fraud, and scale their operations.“Within a year of overhauling our account opening process with MANTL and fully leveraging the MANTL–Alloy integration, Ascend Bank reduced new account fraud losses by $165,000,” said Alex Sulpasso, executive vice president and chief operating officer at Ascend Bank in Connecticut. “The integrated solution has also transformed how our Risk and BSA teams operate, giving them real-time visibility into fraud and identity risk and automating critical KYC and KYB workflows. It’s dramatically improved both our operational efficiency and our ability to onboard customers with confidence.”The longstanding partnership was built on a shared vision: enabling financial institutions to grow efficiently while managing identity and fraud risk with confidence. MANTL provides a configurable, streamlined omnichannel account opening experience, while Alloy orchestrates and validates identity, fraud, and compliance data behind the scenes. Together, the integration has fundamentally changed how banks and credit unions onboard customers and members, setting an industry standard for digital account opening and risk management.“What makes this partnership so effective is the depth and maturity of our integration, our shared commitment to innovation, and our clear alignment on both product strategy and customer and member outcomes,” said Benjamin Conant, chief product officer, Alkami. “MANTL and Alloy were founded within a few years of each other, and we’ve grown together as strategic partners, helping the industry rethink what growth can look like, all while raising the bar for fraud prevention both online and in-branch. We’re excited for the next 2 million applications to be processed as we continue expanding into additional use cases that will further strengthen the joint value we deliver to financial institutions and their account holders.”“Our partnership with MANTL shows that strong fraud prevention can actively fuel business growth,” said Tommy Nicholas, co-founder and chief executive officer of Alloy. “By giving our joint clients a complete view of customer identities, we’re helping them stay ahead of fraud, unlock more opportunities to serve legitimate customers, and deliver a better experience.”Both companies remain focused on helping financial institutions modernize and streamline operational workflows, while addressing increasingly complex identity and risk challenges within digital banking. To learn how MANTL and Alloy can transform your onboarding and account opening process, empowering your team, or to schedule a demo, click here.About MANTLMANTL is an Alkami solution team that offers unified account origination technology, empowering banks and credit unions to open loan and deposit accounts seamlessly on any banking channel in real time. MANTL Deposit Origination is among the fastest and most performant solutions on the market; consumers can open a new deposit account in under five minutes, businesses can open a new deposit account in under 10 minutes, and MANTL customers raise billions in core deposits. MANTL Loan Origination simplifies each step in the loan process, automating up to 100% of loan application decisions to ensure an intuitive, feature-rich experience from personal loans to business financing. Founded in 2016, MANTL was acquired in March 2025 by Alkami Technology, Inc. (Nasdaq: ALKT), a digital sales and service platform provider for financial institutions in the U.S. For more information, visit mantl.com or follow MANTL on LinkedIn.About AlloyAlloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
Perpetual KYC uses automated KYC verification to continuously monitor customers, keeping risk profiles current and maintaining compliance with regulations.
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