# Alloy for banks: pricing, customers, review

Source: https://www.bankingnewsai.com/vendors/alloy
Last updated: Sep 24, 2026

*Sells banks, credit unions and fintechs a SaaS identity and fraud prevention platform that orchestrates more than 270 third-party data solutions behind one API, adding its own machine-learning models and, since 2026, an agentic AI Assistant for risk and compliance reviews.*

## What is Alloy, and which banks use it?

Alloy, founded 2015 in New York, is a private identity and fraud prevention platform for banks, credit unions and fintechs, last valued at $1.55 billion (2022) with Lightspeed, Canapi and Bessemer among its backers. It says more than 900 institutions use it (July 2026). Among our 100 banks, Alloy names Ally Bank and Banc of California as clients, and nCino said Eastern Bank's lending rollout will use Alloy for fraud and identity decisioning. Pricing is not published; Alloy sells through demo-led enterprise contracts.

## At a glance

| Field | Value |
| --- | --- |
| Category | [Fraud detection](https://www.bankingnewsai.com/ai-tools/fraud-detection) · [AML compliance](https://www.bankingnewsai.com/ai-tools/aml-compliance) |
| Founded | 2015 |
| Headquarters | New York, New York, US |
| Ownership | Private; backed by Lightspeed Venture Partners (led the 2021 Series C and its 2022 extension), Avenir Growth, Canapi Ventures (led the 2020 Series B), Bessemer Venture Partners (led the 2019 Series A), Avid Ventures and Felicis Ventures. Last disclosed valuation: $1.55 billion after an additional $52 million in September 2022; no later round has been announced. ([Alloy](https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion), [Alloy](https://www.alloy.com/about/press/alloy-secures-100m-in-series-c-funding-led-by-lightspeed-venture-partners-bringing-valuation-to-1-35b), [Alloy](https://www.alloy.com/about/press/alloy-secures-40-million-in-series-b-funding-led-by-canapi-ventures), [Alloy](https://uk.alloy.com/blog/alloy-raises-12-million-in-series-a-funding)) |
| Ticker | private |
| Deployment | SaaS (single API, SDK and no-code dashboard; hosted on AWS) |
| Pricing model | Sales-led enterprise platform contracts; bought through a demo and quote process |
| Banks among the 100 largest US banks | 3 |

## Products

| Product | What it does | Status | Sources |
| --- | --- | --- | --- |
| Identity and fraud prevention platform (onboarding and account opening) | KYC/KYB, CIP, document verification and fraud decisioning at account opening, orchestrating third-party identity and fraud data sources through one API and no-code policy configuration. | Generally available | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info), [Alloy](https://www.alloy.com/about/press/alloy-secures-40-million-in-series-b-funding-led-by-canapi-ventures) |
| Transaction monitoring and AML | Real-time transaction risk scoring, behavioral and AML monitoring, sanctions screening and case management across the customer lifecycle. | Generally available | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info), [Alloy](https://www.alloy.com/about/press/alloy-secures-100m-in-series-c-funding-led-by-lightspeed-venture-partners-bringing-valuation-to-1-35b) |
| Risk-based authentication | Continuous login and session risk assessment that carries onboarding signals forward and applies step-up verification in proportion to risk. | Generally available | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum), [Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy) |
| AI Assistant (Actionable AI) | Agentic AI embedded in Alloy's decisioning engine that reviews fraud, KYC/KYB, AML and watchlist cases and recommends a decision a human approves or configures to accept automatically; launched February 23, 2026. | Generally available | [Alloy](https://www.alloy.com/about/press/alloy-launches-ai-assistant), [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum) |
| Fraud Attack Radar and Fraud Signal | Fraud Attack Radar (launched March 2025) alerts clients in real time to coordinated attacks on account opening; Fraud Signal is Alloy's predictive machine-learning model for fraud across the customer lifecycle. | Generally available | [Alloy (PR Newswire)](https://www.prnewswire.com/news-releases/alloy-launches-ai-powered-fraud-attack-radar-providing-real-time-actionable-intelligence-to-fight-fraud-302396707.html), [Alloy](https://www.alloy.com/about/press/alloy-launches-ai-assistant) |
| Perpetual KYC and KYB (UK and Europe) | Event-driven re-verification of consumers (pKYC, autumn 2025) and business customers with customer risk assessment (pKYB/CRA, January 2026) for UK and European institutions. | Generally available | [Alloy](https://www.alloy.com/about/press/alloy-launches-pkyb) |
| Credit underwriting and decisioning | Credit bureau, cash-flow and alternative-data orchestration with automated decision rules for consumer and commercial lending. | Generally available | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info) |

## How much does Alloy cost?

How it is charged: Sales-led enterprise platform contracts; bought through a demo and quote process.

Alloy does not publish a price list.

Pricing is not published; alloy.com has no pricing page and directs buyers to schedule a demo. Alloy's company-information page mentions a partner Testing Program with free or complimentary data calls for trials, but gives no platform prices.

## Which banks use Alloy?

| Bank | What | Status | Sources |
| --- | --- | --- | --- |
| [Ally Financial](https://www.bankingnewsai.com/banks/ally) | Identity and fraud decisioning through Alloy's single-API platform; Alloy has named Ally Bank as a client in releases from 2020, 2022 and 2025. | In production | [Alloy](https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion), [Alloy](https://www.alloy.com/about/press/alloy-secures-40-million-in-series-b-funding-led-by-canapi-ventures), [Alloy](https://www.alloy.com/about/press/alloy-boosts-identity-decisioning-capabilities-using-aws) |
| [Banc of California](https://www.bankingnewsai.com/banks/banc-of-california) | Customer onboarding across business segments; Alloy quotes Banc of California's SVP head of product and innovation on using its platform. | In production | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info) |
| [Eastern Bankshares](https://www.bankingnewsai.com/banks/eastern) | Fraud and identity decisioning in Eastern Bank's nCino consumer and mortgage lending rollout, per nCino's November 2025 release. | Announced | [nCino (GlobeNewswire)](https://globenewswire.com/news-release/2025/11/06/3182452/0/en/nCino-Expands-Offering-with-Eastern-Bank-to-Deliver-Connected-Lending-Experience-Across-Product-Lines.html) |

Among the [100 largest US banks](https://www.bankingnewsai.com/banks) on this site, from sources that name the bank.

## Flagship platform: Alloy identity and fraud prevention platform

A decisioning and orchestration engine that combines identity verification, fraud detection, credit decisioning and compliance checks (KYC/KYB, sanctions screening, transaction monitoring) in one configurable system, drawing on a network of more than 270 partner data solutions and Alloy's Actionable AI suite (AI Assistant, Fraud Attack Radar, Fraud Signal). ([Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info), [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum))

## Key points

- Founded in 2015 and based in New York, with an office in London; Tommy Nicholas is co-founder and CEO.
- Raised a $12 million Series A (Bessemer, September 2019), a $40 million Series B (Canapi, September 2020), a $100 million Series C at a $1.35 billion valuation (Lightspeed, September 2021) and an additional $52 million in September 2022 that took its valuation to $1.55 billion; no funding round has been announced since.
- Alloy says more than 900 financial institutions and fintechs use its platform (July 2026), up from over 800 in its February 2026 releases and over 600 in February 2025 (vendor-reported).
- Alloy's own company-information page says it partners with 7 of the top 25 US banks and 6 of the top 10 credit unions, and lists U.S. Bank and M&T Bank among clients without describing what they use it for.
- In 2026 Alloy launched an agentic AI Assistant for risk and compliance reviews (February), perpetual KYB for the UK and Europe (January), and data partnerships with Plaid (April) and Certos from Early Warning Services (May).
- Suncoast Credit Union, Florida's largest credit union, is Alloy's most detailed public case: Alloy says Suncoast cut fraud losses by over 35% from 2023 to 2024 and auto-decisions 98% of logins with its risk-based authentication (vendor-reported).
- Pricing is not published; Alloy's site routes buyers to a demo request and has no pricing page.

## Timeline

- Jul 15, 2026 — **Reports more than 900 customers** Alloy said more than 900 financial institutions and fintechs used its platform and that it had brought agentic AI into production in the first half of 2026. ([Alloy](https://www.alloy.com/about/press/alloy-h1-momentum))
- May 18, 2026 — **Suncoast Credit Union case published** Alloy said Suncoast Credit Union reduced fraud losses by over 35% from 2023 to 2024 after deploying Alloy at onboarding and expanding into login monitoring. ([Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy))
- May 13, 2026 — **Partners with Certos from Early Warning Services** Alloy added Certos risk signals, drawn from a network of more than 5,000 US banks and credit unions, for community banks and credit unions that use Alloy. ([Alloy](https://www.alloy.com/about/press/certos-and-alloy-partner-to-help-community-banks-and-credit-unions-of-all-sizes-disrupt-fraud-schemes), [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum))
- Apr 2, 2026 — **Partners with Plaid** Alloy added Plaid Protect's network fraud intelligence and Plaid's identity and asset verification tools to its partner network. ([Alloy](https://www.alloy.com/about/press/alloy-partners-with-plaid))
- Feb 23, 2026 — **Launches agentic AI Assistant** Alloy launched an AI Assistant embedded in its decisioning engine to automate risk and compliance case reviews, with a human approving or pre-configuring automatic acceptance. ([Alloy](https://www.alloy.com/about/press/alloy-launches-ai-assistant))
- Jan 21, 2026 — **Launches perpetual KYB in the UK and Europe** Alloy launched perpetual KYB and customer risk assessment orchestration for UK and European institutions, following its European perpetual KYC launch in autumn 2025. ([Alloy](https://www.alloy.com/about/press/alloy-launches-pkyb))
- Nov 6, 2025 — **Named in Eastern Bank's nCino lending rollout** nCino said Eastern Bank's expansion to nCino consumer and mortgage lending would incorporate Alloy for fraud and identity decisioning across the bank's lending products. ([nCino (GlobeNewswire)](https://globenewswire.com/news-release/2025/11/06/3182452/0/en/nCino-Expands-Offering-with-Eastern-Bank-to-Deliver-Connected-Lending-Experience-Across-Product-Lines.html))
- Mar 10, 2025 — **Launches Fraud Attack Radar** Alloy launched Fraud Attack Radar, a machine-learning tool that alerts clients in real time to suspected fraud attacks on new-account creation. ([Alloy (PR Newswire)](https://www.prnewswire.com/news-releases/alloy-launches-ai-powered-fraud-attack-radar-providing-real-time-actionable-intelligence-to-fight-fraud-302396707.html))
- Feb 25, 2025 — **Scales decisioning to 8 billion events a month on AWS** Alloy said its platform could decision more than eight billion financial events per month, that it had added nearly 200 clients in a year, and that it worked with 25% of the top 50 US banks, including a top-five bank. ([Alloy](https://www.alloy.com/about/press/alloy-boosts-identity-decisioning-capabilities-using-aws))
- Sep 1, 2022 — **Additional $52 million lifts valuation to $1.55 billion** Lightspeed and Avenir Growth led an additional $52 million; Alloy said revenue had more than doubled over 12 months and that it processed over a million decisions daily for clients including Ally Bank. ([Alloy](https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion))
- Sep 30, 2021 — **$100 million Series C at a $1.35 billion valuation** Lightspeed Venture Partners led a $100 million Series C, bringing total funding to over $150 million; Alloy said its platform had grown from onboarding decisions to include transaction monitoring. ([Alloy](https://www.alloy.com/about/press/alloy-secures-100m-in-series-c-funding-led-by-lightspeed-venture-partners-bringing-valuation-to-1-35b))
- Sep 16, 2020 — **$40 million Series B led by Canapi Ventures** Canapi Ventures led a $40 million Series B with Felicis and Avid Ventures; Alloy said it served over 90 customers, including Ally Bank, Evolve Bank & Trust and Brex. ([Alloy](https://www.alloy.com/about/press/alloy-secures-40-million-in-series-b-funding-led-by-canapi-ventures))
- Sep 17, 2019 — **$12 million Series A led by Bessemer** Bessemer Venture Partners led a $12 million Series A with Eniac Ventures and Primary Venture Partners; Alloy said it had run over 2 million evaluations on its platform. ([Alloy](https://uk.alloy.com/blog/alloy-raises-12-million-in-series-a-funding))
- Jan 1, 2015 — **Alloy founded in New York** Alloy was founded in 2015 to help financial institutions and fintechs manage identity risk; it is headquartered in New York with an office in London. ([Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info), [Alloy](https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion))

## What do banks use Alloy for?

| Use case | What | Status | Detail | Sources |
| --- | --- | --- | --- | --- |
| [Fraud detection](https://www.bankingnewsai.com/ai-regulation/by-use-case#fraud) | Account-opening and lifecycle fraud decisioning | In production | Identity and fraud checks at onboarding, login risk scoring and step-up authentication, and alerts on coordinated attacks (Fraud Attack Radar). | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum), [Alloy (PR Newswire)](https://www.prnewswire.com/news-releases/alloy-launches-ai-powered-fraud-attack-radar-providing-real-time-actionable-intelligence-to-fight-fraud-302396707.html), [Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy) |
| [AML / KYC](https://www.bankingnewsai.com/ai-regulation/by-use-case#aml-kyc) | KYC, KYB and AML compliance | In production | CIP/KYC and KYB verification, sanctions and watchlist screening, transaction monitoring and perpetual re-verification of existing customers. | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info), [Alloy](https://www.alloy.com/about/press/alloy-launches-pkyb) |
| [Generative & agentic AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#generative-agentic-ai) | AI Assistant for case reviews | In production | Agentic AI that reviews watchlist hits and fraud and compliance cases; Alloy reports 80% automation on high-volume watchlist hits for one financial services firm. | [Alloy](https://www.alloy.com/about/press/alloy-launches-ai-assistant), [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum) |
| [Credit scoring & underwriting](https://www.bankingnewsai.com/ai-regulation/by-use-case#credit-underwriting) | Credit decisioning data orchestration | In production | Combining bureau, cash-flow and alternative data with automated decision rules for lending applications. | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info) |
| [Third-party & vendor AI](https://www.bankingnewsai.com/ai-regulation/by-use-case#third-party-vendors) | Orchestrating third-party identity and data vendors | In production | One integration to more than 270 partner data solutions that banks can layer and test, rather than separate point-to-point vendor integrations. | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum), [Alloy](https://www.alloy.com/about/press/alloy-partners-with-plaid) |

## Disclosed numbers

| Measure | Value | As of | Sources |
| --- | --- | --- | --- |
| Financial institutions and fintechs using Alloy (vendor-reported) | More than 900 | Jul 15, 2026 | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum) |
| Valuation | $1.55 billion, after an additional $52 million Series C extension | Sep 1, 2022 | [Alloy](https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion) |
| Decisioning volume (vendor-reported) | More than eight billion financial events per month; nearly 200 clients added in the prior year | Feb 25, 2025 | [Alloy](https://www.alloy.com/about/press/alloy-boosts-identity-decisioning-capabilities-using-aws) |
| Large US bank and credit union clients (vendor-reported) | 7 of the top 25 US banks and 6 of the top 10 credit unions | Sep 24, 2026 | [Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24)](https://www.alloy.com/ai-info) |
| AI Assistant watchlist automation for one client (vendor-reported) | 80% automation on high-volume watchlist hits, with sensitive cases routed to reviewers at 98% precision | Jul 15, 2026 | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum) |
| Suncoast Credit Union results (vendor-reported) | Fraud losses reduced by over 35% from 2023 to 2024; 269 million digital logins monitored in 2024 | Dec 31, 2024 | [Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy) |
| Partner data solutions in network | More than 270 | Jul 15, 2026 | [Alloy](https://www.alloy.com/about/press/alloy-h1-momentum) |

## Quotes

> "Fraud has always been about identity, and it happens across the entire customer lifecycle, not just at onboarding." — Tommy Nicholas, Co-founder and CEO, Alloy, Jul 15, 2026 ([Alloy](https://www.alloy.com/about/press/alloy-h1-momentum))

> "Alloy’s AI Assistant is unique because it’s built on reliable context" — Tommy Nicholas, CEO, Alloy, Feb 23, 2026 ([Alloy](https://www.alloy.com/about/press/alloy-launches-ai-assistant))

> "Alloy helps us say ‘yes’ to growth without compromising our member-first culture" — Eva Coffee, Manager of Digital Strategy, Suncoast Credit Union, May 18, 2026 ([Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy))

## Who runs Alloy?

- **Tommy Nicholas** — Co-founder and Chief Executive Officer ([Alloy](https://www.alloy.com/about/press/alloy-h1-momentum), [Alloy](https://www.alloy.com/about/press/alloy-secures-100m-in-series-c-funding-led-by-lightspeed-venture-partners-bringing-valuation-to-1-35b))
- **Charles Hearn** — Co-founder and Chief Technology Officer ([Alloy](https://www.alloy.com/about/press/alloy-boosts-identity-decisioning-capabilities-using-aws))
- **Parilee Wang** — Chief Product Officer and Chief Operating Officer ([Alloy](https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy), [Alloy](https://www.alloy.com/about/press/modulr-partners-with-alloy-to-streamline-onboarding-for-scaling-customers))
- **Brian Bender** — General Manager, Partner Solutions ([Alloy](https://www.alloy.com/about/press/alloy-partners-with-plaid), [Alloy](https://www.alloy.com/about/press/certos-and-alloy-partner-to-help-community-banks-and-credit-unions-of-all-sizes-disrupt-fraud-schemes))

## Which rules apply to a bank using Alloy?

- [FinCEN](https://www.bankingnewsai.com/ai-regulation/fincen) — Alloy runs the customer identification, KYC/KYB and sanctions checks a bank uses to meet its BSA/AML obligations, and its identity checks are bought against the generative-AI document and image fraud FinCEN's 2024 deepfake alert describes; the obligations stay with the bank, not Alloy. See [FIN-2024-Alert004 (Deepfake Media)](https://www.bankingnewsai.com/ai-regulation/documents/fincen-alert-2024-deepfake-media), [2018 Joint Statement on BSA/AML Innovation](https://www.bankingnewsai.com/ai-regulation/documents/fincen-joint-statement-innovation-2018).
- [OCC](https://www.bankingnewsai.com/ai-regulation/occ) — Alloy sits between a bank and hundreds of downstream data vendors, so a bank relying on it for onboarding and fraud decisions takes on third-party and fourth-party risk that OCC Bulletin 2023-17 expects it to manage, and OCC Bulletin 2026-13 sets model-risk expectations for vendor models such as Fraud Signal. See [OCC Bulletin 2023-17](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2023-17), [OCC Bulletin 2026-13](https://www.bankingnewsai.com/ai-regulation/documents/occ-bulletin-2026-13).
- [Federal Reserve](https://www.bankingnewsai.com/ai-regulation/federal-reserve) — Alloy's machine-learning fraud scores and decision rules feed account-opening and credit decisions, making them models a bank must inventory, validate and monitor under SR 26-2; the agentic AI Assistant falls to the bank's broader risk management, since SR 26-2 leaves generative and agentic AI outside its scope. See [SR 26-2](https://www.bankingnewsai.com/ai-regulation/documents/fed-sr-26-2).
- [CFPB](https://www.bankingnewsai.com/ai-regulation/cfpb) — When an Alloy identity or fraud decision causes a bank to decline a credit application, ECOA/Regulation B and FCRA adverse-action notice duties apply to that decision, including the reasons given to the applicant. See [ECOA / Regulation B adverse action (15 U.S.C. 1691(d); 12 CFR 1002.9)](https://www.bankingnewsai.com/ai-regulation/documents/cfpb-ecoa-regulation-b-adverse-action), [FCRA adverse action and credit-score disclosures (15 U.S.C. 1681m, 1681g(f))](https://www.bankingnewsai.com/ai-regulation/documents/cfpb-fcra-adverse-action-key-factors).

## What the record suggests

### Pricing is not published

Alloy has no pricing page; contracts are sold after a demo, so cost comparisons depend on quotes, and third-party data calls orchestrated through Alloy may be priced separately by each data partner.

### Alloy orchestrates other vendors' data

Much of the identity and fraud signal comes from partners (Plaid, Certos, Socure, SentiLink, TransUnion and others); a bank's due diligence covers those downstream providers as well as Alloy itself.

### Performance figures are vendor-reported

The Suncoast loss reduction, the 98% login auto-decision rate and the AI Assistant's 80% automation figure come from Alloy's own releases, measured against each client's prior process, and are not independently audited.

### Named large-bank customers are few

Alloy says it works with 7 of the top 25 US banks but names few of them with a described use; Ally Bank is the one named repeatedly since 2020.

### The valuation is from 2022

The $1.55 billion valuation dates from September 2022, and Alloy has not announced a funding round since.

## FAQ

### How much does Alloy cost?

Alloy does not publish pricing. Its website has no pricing page and directs banks, credit unions and fintechs to schedule a demo, after which it sells enterprise platform contracts. Its company-information page mentions a partner Testing Program with free or complimentary data calls for trials, but no plan prices or fees are public, so cost comparisons depend on quotes.

### Which banks use Alloy?

Among the 100 largest US banks, Alloy names Ally Bank as a client in releases from 2020, 2022 and 2025, and quotes Banc of California's SVP head of product and innovation on using Alloy for onboarding. nCino said in November 2025 that Eastern Bank's lending rollout would use Alloy for fraud and identity decisioning. Alloy also lists U.S. Bank and M&T Bank among clients without describing their use.

### Who owns Alloy?

Alloy is privately held. Its investors include Lightspeed Venture Partners, which led the 2021 Series C and 2022 extension, Avenir Growth, Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis Ventures. Its last disclosed valuation was $1.55 billion in September 2022, and it has not announced a funding round since then.

### Is Alloy a bank?

No. Alloy is a software company that sells an identity and fraud prevention platform to banks, credit unions and fintechs. It is not a chartered bank. The banks that use Alloy remain responsible for their own KYC, BSA/AML and fair-lending obligations and oversee Alloy as a third-party vendor.

### What is Alloy's AI Assistant?

Alloy's AI Assistant, launched February 23, 2026, is an agentic AI tool embedded in Alloy's decisioning engine. It reviews fraud, KYC/KYB, AML and watchlist cases and recommends a decision that a human approves, or that the client configures to accept automatically. Alloy reports it automated 80% of high-volume watchlist hits for one financial services firm.

### How does Alloy differ from Socure?

Alloy is mainly an orchestration and decisioning platform that connects banks to more than 270 partner data solutions, and Socure is one of those partners in Alloy's list. Socure sells its own identity-verification and fraud models. A bank can use Alloy to run Socure's checks alongside other vendors' checks in one policy.

## Sources (15)

1. AI Info — Alloy — Alloy (page marked 'Last updated: July 2026', retrieved 2026-09-24), Sep 24, 2026. https://www.alloy.com/ai-info
2. Alloy Reports Strong First Half of 2026 With Agentic AI Momentum and Over 900 Fintech and Financial Institution Customers — Alloy, Jul 15, 2026. https://www.alloy.com/about/press/alloy-h1-momentum
3. Alloy launches native AI Assistant to automate risk and compliance workflows — Alloy, Feb 23, 2026. https://www.alloy.com/about/press/alloy-launches-ai-assistant
4. Alloy launches its first perpetual KYB and Customer Risk Assessment orchestration solution in the UK and Europe — Alloy, Jan 21, 2026. https://www.alloy.com/about/press/alloy-launches-pkyb
5. Alloy Partners with Plaid to Expand Access to Risk Solutions as AI Threats Increase — Alloy, Apr 2, 2026. https://www.alloy.com/about/press/alloy-partners-with-plaid
6. Certos℠ and Alloy Partner to Help Community Banks and Credit Unions of All Sizes Disrupt Fraud Schemes — Alloy, May 13, 2026. https://www.alloy.com/about/press/certos-and-alloy-partner-to-help-community-banks-and-credit-unions-of-all-sizes-disrupt-fraud-schemes
7. Suncoast Credit Union Accelerates Member Growth and Controls Fraud Risk with Alloy — Alloy, May 18, 2026. https://www.alloy.com/about/press/suncoast-credit-union-accelerates-member-growth-and-controls-fraud-risk-with-alloy
8. Modulr partners with Alloy to streamline onboarding for scaling customers — Alloy, Jun 2, 2026. https://www.alloy.com/about/press/modulr-partners-with-alloy-to-streamline-onboarding-for-scaling-customers
9. Alloy Launches AI-Powered Fraud Attack Radar Providing Real-Time Actionable Intelligence to Fight Fraud — Alloy (PR Newswire), Mar 10, 2025. https://www.prnewswire.com/news-releases/alloy-launches-ai-powered-fraud-attack-radar-providing-real-time-actionable-intelligence-to-fight-fraud-302396707.html
10. Alloy boosts identity decisioning capabilities by 400% using Amazon Web Services — Alloy, Feb 25, 2025. https://www.alloy.com/about/press/alloy-boosts-identity-decisioning-capabilities-using-aws
11. Alloy raises $12 million in Series A funding led by Bessemer Venture Partners — Alloy, Sep 17, 2019. https://uk.alloy.com/blog/alloy-raises-12-million-in-series-a-funding
12. Alloy Secures $40 Million in Series B Funding Led by Canapi Ventures — Alloy, Sep 16, 2020. https://www.alloy.com/about/press/alloy-secures-40-million-in-series-b-funding-led-by-canapi-ventures
13. Alloy Secures $100M In Series C Funding Led by Lightspeed Venture Partners, Bringing Valuation to $1.35B — Alloy, Sep 30, 2021. https://www.alloy.com/about/press/alloy-secures-100m-in-series-c-funding-led-by-lightspeed-venture-partners-bringing-valuation-to-1-35b
14. Alloy Raises $52 Million in Additional Funding To Accelerate Growth and Global Expansion — Alloy, Sep 1, 2022. https://www.alloy.com/about/press/alloy-raises-52-million-in-additional-funding-to-accelerate-growth-and-global-expansion
15. nCino Expands Offering with Eastern Bank to Deliver Connected Lending Experience Across Product Lines — nCino (GlobeNewswire), Nov 6, 2025. https://globenewswire.com/news-release/2025/11/06/3182452/0/en/nCino-Expands-Offering-with-Eastern-Bank-to-Deliver-Connected-Lending-Experience-Across-Product-Lines.html

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