Search Results for "Alloy"
9 results for "Alloy"
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Alloy for Embedded Finance Wins Datos Insights Best KYC/KYB Award
Alloy's Embedded Finance platform won the Best KYC/KYB Innovation award from Datos Insights' 2025 Fraud & AML Impact Awards. The platform helps sponsor banks like Grasshopper Bank scale compliance and risk controls across fintech partners using a parent/child account model, automating fraud prevention for BaaS programs.
Alloy Launches Audit Access Module for Sponsor Bank Compliance Oversight
Alloy introduced its Audit Access module within the Alloy for Embedded Finance product, enabling sponsor banks to better oversee fintech partners' compliance activities. The launch coincided with Alloy's 2024 State of Embedded Finance Report, which found that 80% of sponsor banks struggle with limited control over fintech partners. The tool addresses a critical pain point in BaaS compliance.
Alloy Launches Embedded Finance Compliance Platform for Sponsor Banks and Fintechs
Alloy launched Alloy for Embedded Finance, a product enabling sponsor banks, BaaS providers, and fintech partners to collaboratively manage identity risk and compliance. The platform features a parent/child account configuration for enforcing compliance policies across fintech programs while allowing customization for mature partners.
Bangor Savings Bank Signs 23 Fintech Programs via Treasury Prime BaaS Partnership
Bangor Savings Bank's BaaS partnership with Treasury Prime, initiated in early 2023, achieved significant scale by early 2024 with 23 signed fintech programs and 80% compounding monthly deposit growth. The bank provides checking accounts, ACH, wires, KYC/KYB, and debit card issuing through integrations with Alloy and Marqeta.
Alloy Raises $52M to Expand Identity Decisioning Platform for Banks and Fintechs
Alloy, an identity decisioning platform serving over 300 banks and fintechs, raised $52 million in additional funding led by Lightspeed Venture Partners and Avenir Growth, reaching a $1.55 billion valuation. The API-based infrastructure connects clients to over 160 data sources for KYC/KYB, AML, credit, and compliance workflows. The funding targets accelerated growth and global expansion amid rising fraud demands.
Alloy Launches Partner Center for Embedded Identity Decisioning Integrations
Alloy launched its Partner Center, a resource hub for banks and fintechs to access identity decisioning integrations. The platform supports embedded finance transparency by streamlining KYC/AML and identity verification workflows. It aims to simplify partnerships between financial institutions and technology providers.
Alloy Raises $100M Series C at $1.35B Valuation for Identity Platform
Alloy, an identity operating system for banks and fintechs, raised $100 million in Series C funding at a $1.35 billion valuation led by Lightspeed Venture Partners. The platform connects to 120 identity data providers to prevent fraud during onboarding and transactions. The unicorn valuation reflects the critical role of identity infrastructure in embedded finance.
Visa Launches Fintech Partner Connect for Embedded Finance Solutions
Visa launched its Fintech Partner Connect program to help banks and financial institutions access Visa-certified fintech providers for embedded finance capabilities. The program includes partners like Alloy, Jumio, and Onfido, offering digital-first banking, payments, and account opening solutions. It aims to reduce costs and complexity for issuing partners building seamless digital experiences.
Sila Raises $7.7M to Grow BaaS Infrastructure Platform
Portland-based fintech Sila raised $7.7M to expand its white-label banking API platform. The startup enables developers to integrate compliant ACH payments, money transfers, and digital wallets via partnerships with Evolve Bank & Trust, Plaid, and Alloy. The raise underscores growing momentum in banking-as-a-service infrastructure.