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Alloy description
Alloy is a software solution designed for banks and financial technology companies of all sizes. It helps these companies manage risk, particularly around identity verification, fraud prevention, and regulatory compliance. Alloy simplifies these complex tasks by connecting to various data sources, automating decision-making processes like new account approvals, and providing ongoing monitoring for potential issues. This allows companies to grow their customer base efficiently while minimizing risks.
Who is Alloy best for
Alloy is a risk management solution designed for financial institutions and fintechs. It automates identity verification, fraud detection, and compliance tasks, allowing companies to scale quickly while minimizing risk. Alloy connects to various data sources, automates decisions like new account approvals, and provides ongoing monitoring.
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Best for small businesses.
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Ideal for software, IT, telecommunications, and financial companies.
Alloy features
| Supported Alloy supports KYB checks including business registration and ownership verification. |
| Supported Alloy provides tools to create reports that demonstrate adherence to AML and KYC regulations. |
| Supported Alloy fully satisfies the requirement for KYC checks, including identity verification and document authentication. |
| Supported Alloy leverages alternative data for credit scoring, enhancing credit decisions. |
| Supported Alloy offers real-time fraud detection and prevention. |
| Supported Alloy offers real-time transaction monitoring to detect and prevent fraud. |
Alloy alternatives
ComplyAdvantageBetter fit for smaller businesses. Has higher ratings based on more reviews. Alloy is growing faster.Read more
SocureMore focused on identity verification and fraud prevention for online businesses. Lower ratings on Glassdoor suggest potential usability or performance issues. Has less momentum based on employee growth.Read more
BasisBetter for marketing and advertising. Focuses on digital advertising campaign management across various channels. Caters to a wider range of business sizes, including small businesses. Has a more established user base with documented positive and negative feedback. Is growing slower than Alloy.Read more
A-SCENDBetter for compliance audits and managing various security standards. More suitable for Manufacturing, Real Estate & Construction, Software/IT, Energy & Utilities, and Agriculture. Higher rated by users.Read more
Blend AIMore focused on lending automation and customer experience in financial products. Has grown its team significantly faster, indicating strong momentum. Lacks Alloy's breadth of fraud prevention and compliance features.Read more
EffectivEffectiv has less momentum and a smaller user base. It appears to be more user-friendly but lacks Alloy's established presence in the finance, IT, and e-commerce industries. Effectiv is an Alloy competitor and alternative.Read more
Alloy FAQ
What is Alloy and what does Alloy do?
Alloy is a software platform that helps banks and fintech companies manage risk and automate compliance processes. It offers solutions for identity verification, fraud prevention, and regulatory compliance, allowing businesses to scale quickly while minimizing risk. Alloy connects to various data sources for comprehensive risk assessments.
How does Alloy integrate with other tools?
Alloy integrates with various data sources, automating decision-making processes, such as new account approvals and ongoing monitoring for potential issues. This allows companies to scale efficiently while minimizing risks.
What the main competitors of Alloy?
Alloy's main competitors include ComplyAdvantage, Socure, Plaid, Effectiv, SAS Customer Due Diligence, and Flagright. These alternatives offer similar functionalities, such as KYC/KYB checks, fraud detection, and compliance tools, catering to financial institutions and fintech companies.
Is Alloy legit?
Alloy is a legitimate software solution for financial institutions. It helps manage risk, automate decisions, and ensure regulatory compliance. Reviews on G2 and Capterra are largely positive, indicating user satisfaction and confirming Alloy's safe and effective services for identity verification and fraud prevention.
How much does Alloy cost?
I cannot find pricing details for Alloy. Contact Alloy directly to determine whether it fits your budget and is worth the investment.
Is Alloy customer service good?
Alloy's customer support receives positive feedback, described as "quick," "top-notch," and "excellent." Users praise the support team's responsiveness, helpfulness during integration, and proactive problem-solving. Some users mention a learning curve with the product, but the support team is commended for providing effective training and guidance.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.