🏦 The embedded finance market will reach $7 trillion by 2026, presenting significant opportunities for financial institutions globally. But to capitalize on this potential, financial institutions must first adapt their tech stack to meet the unique challenges and requirements of embedded finance. 🌐 From foundational API gateways and compliance solutions to value-added card issuance and lending platforms, a comprehensive embedded finance tech stack delivers seamless, secure, and compliant experiences to end-brands and their customers. 🤝 Get started on the right foot by making informed decisions and partnering with trusted providers. Read our latest guide, co-written with Treasury Prime, to learn more. https://lnkd.in/e8xaDvzr
Alloy
Financial Services
New York, New York 16,369 followers
Alloy solves the identity risk problem for banks and fintech companies.
About us
Alloy is the only end-to-end identity risk management platform for companies that offer financial products. Beginning with origination and account opening, Alloy provides banks and fintechs with a scalable, flexible platform to manage identity risk throughout the customer lifecycle. With configurable solutions for fraud, credit and compliance risk, dedicated expert guidance and the industry’s most extensive ecosystem of data partners, Alloy helps companies deliver great financial products to more customers around the world. Nearly 500 companies trust Alloy to take control of fraud, credit, and compliance risk, and grow with the clearest picture of their customers.
- Website
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https://alloy.com
External link for Alloy
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2015
Locations
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Primary
41 E 11th St
2nd Floor
New York, New York 10003, US
Employees at Alloy
Updates
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Great piece from Miriam Cross for American Banker on how banks are meeting KYB requirements both during onboarding and on an ongoing basis. "First Internet Bank in Fishers, Indiana, and nbkc bank in Leawood, Kansas, both use fraud and compliance management platform Alloy and business identity platform Middesk in tandem for KYB checks," Miriam writes. https://lnkd.in/eXCGjZDi
Banks, fintechs tackle the complexity of KYB with AI and other tech
americanbanker.com
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After partnering with Alloy, Live Oak Bank reduced fraud losses by 27%. https://lnkd.in/ewhk-mjX
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🕵️♂️ Fraud ring attacks and high-velocity attacks are two different beasts, but both can wreak havoc on your business if you're not prepared. The TL;DR is this — fraud rings are all about precision and patience, while high-velocity attacks rely on speed and brute force. Our guide goes into the nitty-gritty of each type of attack and shares actionable tips for triaging them. Learn more: https://lnkd.in/e5v4UdHK #fraudtypes #fraudmitigation #banking
How to stop a fraud attack
alloy.com
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At this year's Narmi Uplift Digital Banking Summit, Jason Ioannides shared insights from our 2024 State of Fraud Report on the most common types of fraud and how financial institutions can address them. “Transactions don’t commit fraud, people do. We want to look at people really closely, starting at onboarding,” Jason shared. https://lnkd.in/eJXBFgJ5
Top Takeaways from Narmi's Uplift Digital Banking Summit | Narmi
narmi.com
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Alloy reposted this
Is your flag still up? 🏳️🌈 If you're looking to build a Proud FinTech Workplace or need guidance, tune into our special #Pride episode of FinTech's DEI Discussions. Join Nadia and industry leaders as they share invaluable advice and tips to create a Proud FinTech Workplace: 🌟 Kim Nguyen, VP of People at Alloy 🌟 Christian Tooley, Senior Manager, EMEA - Ventures (Capital/Building) at Bain & Company and Founder of i³ investing 🌟 Natalie Brock, Chief of Staff People Team at Thought Machine 🌟 Alexander Mark Deakin-Mckay, Commercial Marketing Director at Xeinadin 🌟 Deon Pillay, Head of Marketing Technology, Enablement, and Governance at Legal & General Investment Management (LGIM) Listen to the full episode on all major podcast streaming platforms 👇 https://lnkd.in/ef_nJn_Z If you would like to donate to MindOut - LGBTQ Mental Health Service and support our fundraising efforts, every donation is massively appreciated: https://lnkd.in/eeUqtrGi #FinTechsDEIDiscussions #FinTechPride #ProudFinTechWorkplace #WalkTheTalk #DiversityinTech
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Embedded finance is a growth area for banks and a necessity for many fintech companies, but both groups have faced compliance challenges and a lack of visibility. Alloy’s Identity Risk Platform gives all players in the embedded finance ecosystem a way to effectively manage shared risk together. https://lnkd.in/gWvGHjip
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Did you know that the first ATM transaction took place in 1967? 🏧 This groundbreaking event orchestrated by Barclays paved the way for the 24/7 banking culture we know today. In our latest blog post, we delve into the history of banking, from ancient times to present day, and explore how technology has transformed the industry over the centuries. From temples acting as banking “branches” in ancient India to the rise of digital and open banking, learn about the key innovations that have shaped modern financial services and the challenges they present in terms of fraud prevention. 💻🛡📱 https://lnkd.in/euRAB59S #BankingInnovation #IdentityVerification #RiskManagement
The evolution of banking
alloy.com
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After expanding nation-wide in 2022, Jovia Financial Credit Union turned to Alloy to address a drastic increase in both daily applications and fraud. With Alloy, Jovia was able to significantly reduce fraudulent applications, allowing Jovia to turn their attention to a more strategic evaluation of their business. https://lnkd.in/eR5crZJp
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Fraudsters are weaponizing AI-generated images and identities to commit synthetic identity fraud on a massive scale. To combat this threat, banks, credit unions, and fintechs must first understand the unique challenges and vulnerabilities posed by synthetic identities. From stolen PII to fake social media profiles, we explore the telltale signs of synthetic fraud. Join the discussion today. Learn how Alloy's end-to-end Identity Risk Solution can help mitigate losses and keep your customers safe. https://lnkd.in/eA8QJ7A7
Synthetic identities: why fraudsters need imaginary friends
alloy.com