Identification and fraud prevention answer supplier Alloy has teamed up with Mastercard to launch an enhanced buyer onboarding answer for monetary establishments and fintechs.
The joint providing will use each identification verification expertise and open finance to streamline onboarding and combat fraud.
Based in 2015, Alloy most just lately demoed its expertise at FinovateFall 2022.
Identification and fraud prevention platform supplier Alloy has inked a worldwide partnership with Mastercard to introduce an enhanced buyer onboarding answer for monetary establishments and fintechs. The brand new providing comes as these companies cited a 60% improve in fraud in 2024, in response to Alloy’s 2025 State of Fraud Report. The report additional famous that 93% of these monetary organizations surveyed deliberate to put money into ongoing fraud prevention measures this 12 months, with 64% planning to deploy identification threat expertise, as nicely.
“Fraud continues to be a big problem for monetary establishments and customers alike, underscoring the pressing want for strong fraud prevention measures,” Mastercard EVP and International Head of Identification, Dennis Gamiello stated. “This joint onboarding answer will probably be a game-changer within the combat to scale back fraud and ship a seamless and safe buyer expertise.”
The joint providing from Alloy and Mastercard will leverage each identification verification and open finance to concurrently streamline onboarding and combat fraud. The answer supplies a constant identification threat technique and onboarding expertise throughout channels. Alloy will leverage Mastercard’s international digital identification verification capabilities and suite of open finance-powered account opening options to assist monetary establishments as they handle fraud, identification threat, and safe account funding all through the shopper lifecycle.
On the similar time, Mastercard options will probably be built-in and pre-configured in Alloy to allow seamless deployment. Prospects could have entry to 200+ threat and identification options accessible through Alloy which might be designed to assist enhance buyer conversion charges, scale back the quantity of handbook evaluations, and supply complete end-to-end protection.
“Profitable fraud prevention begins with a holistic method to understanding identification. Our partnership with Mastercard will enable extra monetary establishments and fintechs to judge buyer identities holistically,” Alloy Chief Product Officer Parilee Wang stated. “The top end result for these corporations will probably be a greater digital expertise and fewer fraud threat, permitting their companies to develop successfully.”
Based in 2015 and headquartered in St. Paul, Minnesota, Alloy launched itself to Finovate audiences at FinDEVr SiliconValley 2016, and returned to the Finovate stage six years later for FinovateFall 2022 in New York. Extra just lately, Alloy was included in CNBC World’s High Fintech Firms roster for 2025 and, in June, the corporate introduced a partnership with IG Group to assist the FTSE 250 on-line buying and selling agency preserve regulatory compliance because it grows.
Photograph by Leo_Visions on Unsplash
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