Fraud prevention is crucial as your business grows. Discover practical strategies to effectively scale your fraud prevention efforts with our comprehensive guide. 📈 🔒 🔗 Check it out here: https://lnkd.in/eWJB_xkw
Alloy
Financial Services
New York, New York 16,425 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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Generative AI is a double-edged sword in the world of fraud prevention. It can be used by fraudsters to create convincing fake identities and forge documents, or leveraged by financial institutions like yours to enhance fraud detection models. 🛡🏆 How can gen AI enhance fraud models? Two words: data augmentation. Visit the link below to learn more about this and other AI processes and how they can be harnessed for fraud prevention. 👇 https://lnkd.in/ekh4sGYV #AIFraud #DataAugmentation
5 must-know AI concepts for fighting fraud
alloy.com
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🇬🇧 This week, we were thrilled to host some of our UK clients in London for breakfast, networking, and an insightful discussion of industry trends and top priorities in fraud, compliance, and identity verification, led by our Chief Product Officer Parilee Edison Wang. Alloy is honored to help many of the leading banks and fintechs across the UK take control of fraud, credit, and compliance risk, and grow with the clearest picture of their customers. 💪
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They key to fraud prevention according to Laura Spiekerman? Future-proofing so that your controls evolve with the pace of fraud. Listen to the full podcast from 11:FS, recorded live at this year's Money20/20 Europe, for insights from Laura and ClearBank CEO Charles McManus on fraud, embedded finance, and what's next for fintech. https://lnkd.in/eD5mNkVu
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🏦 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
Adapting Your Tech Stack for Embedded Finance
alloy.com
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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