Suncoast Credit Union chose Alloy in 2022 as its strategic platform for identity, fraud controls and data orchestration.
What happened
- Suncoast reports a 35% reduction in annual fraud losses.
- Suncoast reports a policy change that increased auto-approved applications by 6.47% in digital and 7.09% in-branch.
- Suncoast reports automatic decisions on 98% of login events.
Why it matters to Signicat
- The case is a US credit union deployment of an orchestration platform, outside Signicat's core Nordic, Benelux, DACH, Iberia and UK markets.
- Alloy positions fraud controls across onboarding and account lifecycle, overlapping Signicat's risk and AML screening and authentication lines.
Evidence from the source (5 quotes)
- “Suncoast achieved a 35% reduction in annual fraud losses while maintaining uninterrupted access for members.” source ↗
- “Suncoast ultimately implemented a policy change that increased auto-approved applications by 6.47% in their digital channel and by 7.09% in their in-branch channel.” source ↗
- “At scale, this approach has allowed Suncoast to automatically decision on 98% of login events, ensuring both speed and accuracy.” source ↗
- “Suncoast Credit Union is the 7th-largest credit union in the United States based on membership” source ↗
- “Alloy’s AI-powered identity and fraud prevention platform enables Suncoast to bring together multiple sources of risk intelligence” source ↗
Orchestration platformFraud deepfake injectionAuthentication passwordlessAML KYB screeningCase studyGlobal
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5