Alloy and Blend expand partnership for bank and credit union fraud prevention
Blend and Alloy Expand Partnership to Supercharge Fraud Prevention … ↗
What happened
- Blend Labs and Alloy announced an expanded partnership giving Blend customers access to Alloy's identity and fraud prevention capabilities in consumer banking solutions.
- The partnership builds on a longstanding Blend–Alloy relationship across Blend's deposit account and consumer lending products.
- Through identity orchestration, the partnership lets lenders meet KYC requirements and screen for fraud using third-party data sources, with configurable workflows sequencing providers.
- Langley Federal Credit Union reported that Alloy detected nearly 700 fraudulent applications and automatically rejected them.
Why it matters to Signicat
- Alloy is extending its orchestration offer through a loan-origination platform channel serving banks and credit unions, which overlaps with Signicat's orchestration and risk screening lines.
- The partnership is a channel distribution deal with a single customer anecdote and no pricing or hard performance baseline disclosed.
Evidence from the source (6 quotes)
- “Blend customers can now more seamlessly and cost-effectively access Alloy’s advanced identity and fraud prevention capabilities into their consumer banking solutions” source ↗
- “This latest evolution builds on a longstanding partnership between Blend and Alloy, which has been delivering integrated fraud prevention and compliance solutions across Blend’s deposit account and consumer lending products.” source ↗
- “Through identity orchestration, the partnership enables lenders to meet KYC (Know Your Customer) requirements and screen for fraud by leveraging a range of third-party data sources.” source ↗
- “Alloy detected nearly 700 fraudulent applications and automatically rejected them so that none of those fraudsters made it into our portfolio.” source ↗
- “Through identity orchestration, the partnership enables lenders to meet KYC (Know Your Customer) requirements and screen for fraud by leveraging a range of third-party data sources.” source ↗
- “Alloy detected nearly 700 fraudulent applications and automatically rejected them so that none of those fraudsters made it into our portfolio.” source ↗
Orchestration platformAML KYB screeningPartnershipCustomer winGlobal
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5