An API to Know Your Customers and simplify customer data for financial services companies.
Alloy helps over 300 banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and backed by leading investors from Lightspeed Venture Partners, Bessemer, and Canapi Ventures, Alloy's platform connects companies to more than 150 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud.
Banks reported that they have far more protections against fraud in digital channels versus branches or call centers, according to survey research.
First Internet Bank and Nbkc Bank are among those exploring ways to automate the traditionally manual task of verifying business customers.
Welcome to TechCrunch Fintech! This week, we’re looking at the Evolve Bank hack, three notable acquisitions, Plaid’s enterprise customer growth and more.