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
Alloy
Financial Services
New York, New York 16,326 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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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
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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
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As fraudsters become more sophisticated, rule-based systems alone aren't enough for advanced fraud decisioning. To keep up with evolving fraud patterns, banks, credit unions, and fintechs are turning to machine learning (ML) and other advanced forms of fraud prevention. The problem is that fraudsters are also turning to AI. 🚨 Learn fundamental AI concepts and their relationship to fraud prevention in our latest blog post. Arm yourself with the right knowledge to bolster your fraud prevention strategy and fight back. ��� https://lnkd.in/ekh4sGYV
5 must-know AI concepts for fighting fraud
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Alloy reposted this
The future (of fraud prevention) is here - it’s just not evenly distributed yet! I may be the lone optimist in the fraud prevention space. Very little that fraudsters and scammers throw at us - even their rising use of Generative AI - is something we can’t detect and prevent. It’s just that the tools and tactics that genuinely work are complicated, varied, and most importantly - are not universally integrated in production applications. For good reason! No one bank or fintech can spend all their precious product roadmap bandwidth integrating every fraud detection and prevention tool, tactic, and workflow in advance of some theoretical future threat. This is why we spend so much time at Alloy thinking about not just the last mile, but even the last inch of what banks and fintechs need to truly have the best tools (internal and external) universally available at all times in all combinations - in production.
What changes can we expect in customer onboarding in the next few years? Hear the optimistic outlook from Tommy Nicholas at Alloy on the future of fraud prevention and onboarding best practices. Eager to see the rest of the highlights? Check out our Video Series: Understanding Customer Onboarding with Tommy Nicholas from Alloy and Natasha Vernier from Cable (see link in comments). #Fintech #Banking #Regulations #fintechinsights #fraudprevention #FutureOfFintech
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Fraud attacks are scary, but they don't have to be devastating. With a clear fraud mitigation plan in place, banks, fintechs, and credit unions can effectively stop an attack and prevent similar ones from happening in the future. Learn three stages of fraud mitigation — triage, discovery, and remediation — so you'll be prepared to handle fraudsters when they strike. And remember: it's not a matter of if, but when. 🚨 Read the full guide here: https://lnkd.in/e5v4UdHK #fraudprevention #identityrisk #fintech
How to stop a fraud attack
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Alloy reposted this
The 2024 JAM FINTOP Summit is an invitation only event that will take place September 23rd-25th in Nashville. We are excited to welcome Alloy as a Gold Sponsor. Alloy will be helping to moderate our banker working group focused on fraud solutions for banks and fintechs. Look forward to seeing you in the Music City! Padraig Mageean Drew Simmons Kelly Mayes #banktech #fintech #banking