Alloy
By Alloy
Alloy is an API platform that helps fintech companies and banks automate tasks like credit underwriting, onboarding, and transactions. It also connects users to their data, providing a detailed view of the user's behaviour from day one. According to reports, Alloy can be relied upon with a 50% reduction over manual reviews, 80% of account openings backed by automation, and an 80% customer approval rate (automated). Data stored within Alloy are absolutely secure, based on Amazon Web Services backed by dedicated data centres located across the United States. The entire security setup is compliant with ISO 27001, Tier IV, and SOC 2 facilities. Additionally, industry-grade KYC and fraud detection facilities offered by Alloy are teamed with 120+ data sources to eliminate fraud and malicious identities. Other use cases include the transformation of complex credit policies, multiple workflow linking, and credit-wise application reviews.