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.
Kyle Caldwell, Senior Vice President of Fraud Product Development at M&T Bank, discusses exploring Identity Verification vendors, striking the tricky balance of risk management alongside positive customer experiences, and how taking big risks in his personal life has paid off.
Check fraud is in its golden age, and fraud risk management has never been more important. Protect your assets with Alloy’s fraud prevention know-how.
NEW YORK, Nov. 30, 2023 — Narmi, a leading provider of digital banking solutions, today announced an integration with NeuroID, the leader in fraud detection through behavioral analytics. Facilitated by joint partner Alloy, the identity risk management company, the NeuroID solution marks a pivotal step in Narmi’s fight against fraud. The partnership will empower mutual clients leveraging the Alloy platform to use real-time behavioral insights that will revolutionize their approach to fraud prevention. NeuroID's technology tracks and analyzes an applicant's unique behavior during the account opening process, providing a valuable additional layer of data for fraud detection in Alloy and streamlining the user experience for legitimate customers. Jack Alton, CEO of NeuroID, said, “NeuroID is thrilled to integrate with Narmi via the Alloy platform. This partnership will give community and regional financial institutions access to an untapped suite of top-of-funnel digital insights that are critical to evolving fraud prevention efforts. Tracking digital behavior allows financial institutions to decipher between bad actors, bots, and fraud rings, and fast-track legitimate opportunities with precision and speed.” With almost five years of partnership, Narmi and Alloy continue to work to deliver impressive results for community and regional financial institutions. Financial institutions currently utilizing NeuroID via Alloy have seen reductions in fraudulent applications as high as 35%, showcasing the strength of the technology. The integration occurs seamlessly on the back end, demonstrating Narmi’s commitment to delivering an account opening experience that prevents fraud without sacrificing user experience. “Fraud is constantly evolving. As a custodian of Account Opening solutions to financial institutions, it's our responsibility to continue to advance our fraud and risk offerings so banks and credit unions can remain safe and protected,” said Edwin Akrong, VP of Product at Narmi. “Narmi is dedicated to ensuring that our customers always have the most effective fraud prevention tools.” Brian Bender, Vice President of Strategic Alliances at Alloy added, “Fraud is an increasingly growing and complex challenge so we are thrilled to bring NeuroID to Narmi’s current and future customers.” About Narmi New York City-based Narmi's digital platform empowers financial institutions to unlock the very latest capabilities in digital banking and account opening, enabling them to move faster, tap new growth opportunities, and achieve true digital transformation. The Narmi platform was built with the customer experience in mind, empowering financial institutions with an experience that is always effortless, current, and dependable. As a result, Narmi's customers are seeing as much as 3x account growth in less than 30 days and 4x deposit growth in as little as 90 days. Additionally, Narmi's financial institution clients are winning awards like Bankrate's 2020 Best Online Bank and Nerdwallet's Best Bank of 2021 for Online Experience. For more information, please visit www.narmi.com. About NeuroID NeuroID, the global leader in behavioral analytics, offers a friction-free, privacy-centered, and tailored solution to digital identity screening. After more than a decade of researching human-online interactions, our solutions provide a front line of defense by differentiating between genuine users and potential threats in real time. NeuroID solutions assess a user's intent—be it a genuine prospect, fraudster, or bot—by analyzing their interactions with a digital device. Our unique crowd-level insights, paired with expert guidance support modern risk management so global leaders can see fraud faster, reduce losses, and increase savings. Learn more at https://www.neuro-id.com/. About Alloy Alloy solves the identity risk problem for companies that offer financial products. Over 500 banks and fintechs turn to Alloy’s end-to-end identity risk management platform to take control of fraud, credit, and compliance risks, and grow with confidence. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
Digital security is tightening up, but in-branch banking has become increasingly vulnerable. Join the hundreds of teams powering in-branch and digital onboarding experiences with Alloy’s Identity Risk Solution.
We interview Navan's Head of Risk Management, Rajat Bhatia about the biggest misconceptions about what it means to manage risk at a fast-growing organization.
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.
Take a dynamic approach to customer retention. With Alloy Ongoing Monitoring, you can remarket to your existing customers and extend highly personalized credit offerings.
Learn how recent CFPB rules and EU crypto legislation could impact your compliance programs in the short- and long-term future. Read Alloy’s mid-year check in on compliance trends.
Explore Alloy's best practices for credit risk management to adeptly navigate through economic uncertainties, mitigate risks, and ensure financial resilience.
Banks and fintechs must move faster and meet diverse borrowers' needs, but complex credit underwriting workflows present significant challenges. An Identity Risk Solution can help.
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Business onboarding is complex, but also a great opportunity to increase deposits. Alloy helps banks and fintechs streamline their workflows to better accommodate this customer segment.
Digital ID verification is central to seamless onboarding processes and fraud prevention. Learn how Alloy can improve the identity verification process.
NEW YORK, Oct. 18, 2023 -- Alloy, the identity risk management company, is expanding its credit underwriting capabilities to support banks, fintechs, and other builders of financial products in managing their holistic credit risk. In a challenging macro-environment, Alloy enables lenders to make smarter credit decisions, capture default risk, and increase revenue by identifying upsell and cross-sell opportunities. Alloy also automates credit line management and product remarketing, helping lenders maintain appropriate credit limits and proactively extend new product offers to customers. Lenders rely on Alloy’s established credit underwriting capabilities to offer credit products to more people with less risk. Alloy allows lenders to automate their credit decisions using identity data gathered during onboarding, credit bureau data, and alternative underwriting data. Lenders can make credit decisions using custom models, building anything from basic workflows to complex matrix models right within Alloy. Alloy’s updated credit offering builds upon these existing capabilities to offer a comprehensive and proactive approach to credit management beyond origination, enabling banks and fintechs to monitor for credit risk throughout the customer lifecycle. New features include: Automated, scheduled checks using the richest set of credit signals to monitor the ongoing financial health of borrowers: Lenders can incorporate fresh data pulls into their decisioning from a wide range of third party data sources: including credit bureau data, alternative underwriting data, and their own proprietary data. This comprehensive approach enables lenders to build a more complete picture of a borrower's creditworthiness and potential risks and carry out more data-driven decisions.Real-time alerts sent to lenders to notify them about changes in a borrower’s risk (e.g. if a borrower declares bankruptcy): Lenders can then take proactive measures to prevent the accumulation of high-risk loans.Automated line management: Lenders can maintain appropriate credit limits and terms through continuous monitoring to determine if customers qualify for a credit line change based on behavior and automatically conduct line adjustments.Automated credit remarketing process: Lenders can monitor positive customer behaviors like timely repayments and salary increases and can offer good customers new products, ultimately increasing their company revenue. “Historically, lenders have had to rely on point-in-time, siloed information about their borrowers,” said Parilee Wang, Chief Product Officer at Alloy. “With Alloy, lenders have a holistic solution for building a more complete picture of a borrower's ongoing creditworthiness and potential risks.” Alloy’s product investment in the credit space comes as U.S. consumer credit card debt has topped $1 trillion for the first time in history. As many borrowers face increased financial strain impacting their ability to repay debts, lenders may be forced to make difficult decisions about the creditworthiness of their applicants. At the same time, as revolving credit usage grows and consumers demand personalized, seamless experiences from their financial institutions, lenders are challenged with remaining top of wallet and staying ahead of competitors. “We were so excited to find a credit underwriting solution that lets us proactively manage our credit risk and allows us to rely on automated decisioning,” said Bobby Parker, Head of Credit at PEX Card. “The configurable platform allows us to be nimble, and we can make critical underwriting changes quickly with the appropriate controls in place. Furthermore, with the A/B test feature, and pre-built integrations with salient data providers, we can ensure our decisions are driven by data and information gain. Leaning on this solution will give us the ability to prudently grow our portfolio while driving strong risk adjusted returns.” Alloy offers the broadest coverage of third-party data in the industry with more than 190 data sources, including credit bureaus and alternative credit data providers. Some of Alloy’s partners in the credit space include: EquifaxExperianTransunionNova CreditFISZest AIPrism DataInscribeCodat About Alloy Alloy solves the identity risk problem for companies that offer financial products. Today, nearly 500 banks and fintechs turn to Alloy’s end-to-end identity risk management platform to take control of fraud, credit, and compliance risk, and grow with confidence. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at alloy.com.
As Hispanic Heritage Month comes to a close, Lianna Santiago — Manager of Alloy's Implementations Team — reflects on what it's like being a Latina in tech and shares how Alloy's Hispanic/Latine employee resource group celebrated the month.
Banks and fintechs need faster loan origination processes, but different types of credit risk complicate underwriting workflows and create more complexity. An Identity Risk Solution can help.
We chat with Rachel Sapers, Carta's Vice President and Chief Compliance Officer for AML, on how they came to work in risk management, their role at Carta, and their views on the role of risk management in driving business growth.
Alloy Onboarding and NeuroID help Jovia refine their strategic approach to stopping fraud surges
As we get ready for this year's Women in Fintech Money20/20 event, we caught up with some prominent women in fintech who will be attending the event to learn about their experiences and ask them what they are excited about this year at the event.
What started as a simple piece of technology has evolved to help banks and fintechs stay ahead of ever-changing fraud risks.
You don’t want to get caught in a fraud attack and then have to scramble to figure out how to respond, build new workflows and integrate with new data providers. We share some tips on how you can stay one step ahead of fraudsters.
Alloy Onboarding helps Elements meet member expectations and stop more fraud at origination.
Our Employee Experience Manager, Ted Lord, breaks down what makes Alloy's culture unique.
You may not know your KYB from your KBA just yet, but don’t worry; we have your back. Here’s Alloy’s cheat sheet to common terms you’ll hear when focusing on AML compliance.
