Skyla Credit Union implemented Clutch for digital account opening and Alloy for identity and fraud decisioning.
What happened
- The case study reports a 70% increase in new account openings, which Skyla sustained for more than a year without added promotion.
- The case study reports a 74% reduction in monthly fraud losses and a 65% reduction in operational costs.
- Smart forms and public-record pre-fill reportedly cut initial application time from 15–20 minutes to roughly 3 minutes.
Why it matters to Signicat
- Customer-reported outcomes for a waterfall identity and fraud decisioning stack bundled with a origination platform; a benchmark for Signicat's onboarding pitch to credit unions and banks.
- Waterfall design, which calls third-party data only when needed, competes with Signicat's orchestration positioning on cost control.
Evidence from the source (5 quotes)
- “contributed to a 70% increase in new account openings, a lift Skyla has sustained for more than a year without any additional promotion or marketing efforts.” source ↗
- “the credit union reduced monthly fraud losses by 74% and cut operational costs by 65%.” source ↗
- “reduced initial application time from 15 – 20 minutes to roughly 3 minutes.” source ↗
- “Skyla implemented Clutch for digital account opening and Alloy for identity and fraud decisioning.” source ↗
- “Only when necessary does the system pull data from additional (and more expensive) third-party services, minimizing costs and improving overall efficiency.” source ↗
Orchestration platformAML KYB screeningDeveloper experienceCase studyGlobal
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5