Alloy

Fraud Solution Profile

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, credit unions, 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.

In the evolving landscape of fraud, there isn’t a “silver bullet” solution or a single vendor that can handle all aspects of onboarding and ongoing verification, including KYC, AML, and fraud checks. It’s a complex problem, and a linear approach isn’t good enough. Alloy is an orchestration platform that brings together the best-in-class solutions into a single integration.

Alloy uses multiple types of data — including customers’ internal data,  third-party services, and Alloy’s proprietary data — to verify users during account opening and on an ongoing basis throughout the customer lifecycle. 

Alloy offers the industry’s broadest coverage of third-party data with pre-built integrations to 200+ data sources with global coverage, including KYC, KYB, watchlist monitoring, traditional and alternative credit data, fraud and risk scoring, and much more. The Alloy SDK also offers customers a low-code way to choose from about a dozen passive and active step-up methods and automatically switch vendors based on the fraud scenario. This means Alloy clients can easily test and try new data sources and pick the best ones for their use case while avoiding vendor lock-in and without having to build additional integrations. 

Alloy’s intuitive interface enables customers to build custom rules for their use case so they can not only choose their preferred data vendors but also orchestrate the flow of information to specific routes based on their business needs and risk thresholds. Our codeless and configurable platform allows the modularity to fit any use case of any complexity.

With comprehensive testing, powerful analytics, and ML-powered insights, clients can continue to optimize their decisioning logic so their verification flows yield more automatic approvals, fewer manual reviews, and less fraud. Lastly, Alloy enables automated actions off the back of the onboarding outcomes, such as routing a high risk applicant to step-up verification of your choice, triggering webhooks to external systems or sending the application to a manual review queue for an agent to action.