First Mile Group, Inc. d/b/a Alloy

Automates onboarding processes for financial institutions to enhance customer experience and compliance.

Automate and enhance fraud prevention while improving customer experiences across the financial lifecycle.

Effortlessly manage compliance and fraud risk while enhancing customer experience through automation.

Streamline credit decisioning with integrated data to enhance approvals and reduce risk.

Optimize embedded finance operations while ensuring compliance and risk management across partnerships.

Streamline global onboarding and compliance with seamless identity verification.

Alloy empowers crypto companies to enhance KYC, fraud, compliance, and risk management through a unified API.

Real-time, cross-border KYC/KYB identity and document verification using global data sources to validate customers during onboarding and continuous lifecycle checks.

Products: Global Identity Verification, Onboarding, Crypto

Continuous AML monitoring, sanctions and watchlist screening, SAR filing, and centralized case management across the customer lifecycle to meet regulatory obligations.

Products: Compliance Automation, Onboarding, Crypto

Real-time fraud scoring and interdiction, multi-source data enrichment, testing suites, and low-code risk controls to detect and stop fraud while preserving legitimate customer experience.

Products: Fraud prevention, Onboarding, Global Identity Verification, Crypto

Workflow-based underwriting and credit decisioning that integrates credit bureaus and alternative data for automated credit checks, credit line management, and remarketing.

Products: Credit Decisioning

Risk and compliance controls for sponsor banks and fintech partners, providing unified policy enforcement, partner analytics, and a single API for data orchestration across embedded ecosystems.

Products: Embedded Finance, Compliance Automation, Fraud prevention

Onboarding

A fast, compliant online account opening experience that combines instant digital identity verification and document verification with cross-border KYC/KYB/AML to automate onboarding and improve conversions. This platform offers continuous risk monitoring across onboarding and ongoing activity to maintain an evolving risk profile and ensure fraud prevention and regulatory compliance throughout the customer lifecycle.

• Improve Conversion Rates
  Streamline the onboarding process to allow more applicants to be approved quickly without compromising security.
• Ensure Global Compliance
  Facilitate compliant onboarding for customers in different jurisdictions while preventing regulatory penalties.
• Instantly Verify Identities
  Reduce friction for customers while protecting against fraud through fast identity assessments.
• Creates Dynamic Risk Profiles
  Utilizes real-time transaction data alongside initial onboarding insights to continuously assess and adjust the customer risk profile.
• Ensures Ongoing Compliance
  Automatically adjusts compliance measures in response to evolving regulations and customer behavior changes.
• Detects Risks in Real Time
  Monitors customer transactions and other activities actively, enabling financial institutions to identify and respond to potential threats instantly.
• Verify Customer Identity
  Ensure the legitimacy of identity documents quickly, enhancing trust and compliance.
• Prevent Fraud Effectively
  Act on suspicious behavior proactively, ensuring the integrity of account openings.
• Predicts Fraud Before Losses Happen
  Employs advanced algorithms to analyze behavior patterns and forecast potential fraud, allowing proactive adjustments to risk management strategies.
• Deliver Seamless Experience
  Enhance customer satisfaction and loyalty through streamlined, cross-channel onboarding.
• Enhances Security for High-Risk Transactions
  Automatically prompts additional identity verification when risky activity is detected, safeguarding customer transactions without disrupting user experience.

Fraud prevention

End-to-end fraud prevention platform with multi-source data, AI-driven insights, testing tools, and risk-based interdiction to stop fraud while preserving a good customer experience.

• Detects Fraud Before It Escalates
  The actionable AI continuously assesses customer risk and provides insights, allowing institutions to intervene proactively against potential fraud.
• Utilizes Extensive Data Sources
  Leverage a comprehensive network of data to enhance decision-making and minimize fraud risk effectively.
• Instantly Mitigates Fraud Risks
  The platform's real-time interdiction capabilities allow for immediate action against fraudulent activities, ensuring security without significant delays.
• Easily Integrates Risk Controls
  The low-code SDK simplifies the integration of various risk controls, enabling financial institutions to adapt quickly to emerging threats.
• Maintains Continuous Risk Insight
  This feature ensures that customer risk profiles are updated dynamically, enhancing the ability to detect threats in real-time.
• Optimize Risk Strategies
  The suite enables users to visualize and refine their risk management strategies by testing various scenarios prior to implementation.

Compliance Automation

Turn compliance risk management into a competitive advantage with perpetual KYC, streamlined KYB onboarding, AML monitoring, and centralized case management across the customer lifecycle.

• Automate AML Monitoring
  Utilize pre-built and customizable AML rules to enhance ongoing activity oversight while ensuring regulatory compliance.
• Implement Perpetual KYC
  Ensure continuous compliance with automated KYC processes that adapt to changing regulations, enhancing customer trust.
• Streamline KYB Onboarding
  Simplify the verification process for business clients, reducing friction during onboarding while maintaining compliance.
• Manage SAR Filing Efficiently
  Streamline suspicious activity reporting and case investigations with comprehensive tools in one dashboard.
• Automate Sanctions Screening
  Stay compliant by effortlessly screening against the latest sanctions lists using automated checks.

Credit Decisioning

Transform credit policies into easy-to-use underwriting workflows with data from credit bureaus and alternative sources to get a clearer picture of customers’ creditworthiness.

• Enhance Risk Assessment
  Combine traditional and alternative data to gain comprehensive insights into customer creditworthiness.
• Enable Fast Prequalifications
  Quickly identify potential borrowers who meet initial credit criteria to streamline the application process.
• Monitor Customer Behavior Continuously
  Automatically update risk profiles to identify opportunities for credit offers or potential default risks.
• Manage Credit Lines Effectively
  Easily control and adjust credit lines based on real-time assessments and automated workflows.
• Efficient Policy Execution
  Create and manage underwriting processes easily through customizable workflows to enhance operational efficiency.
• Expand Customer Eligibility
  Broaden lending criteria by using alternative data, making credit access easier for a wider range of customers.
• Adapt Offers Dynamically
  Utilize real-time data to tailor credit offerings to customer profiles and changing risk assessments.

Embedded Finance

Manage embedded finance risk across sponsor banks and fintechs with unified policy enforcement, data orchestration, and a single API to support a safe, scalable embedded ecosystem.

• Manage Risk Across Partners
  Provide comprehensive risk oversight across various fintech and bank partnerships, ensuring compliance and security.
• Automate Compliance Checks
  Automate Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to reduce manual efforts and enhance accuracy.
• Integrate Multiple Data Sources
  Easily connect to a variety of data sources through a single API for effective risk management across the embedded finance landscape.
• Centralize Policy Management
  Manage and enforce compliance policies efficiently for all fintech partnerships from a unified interface.
• Adapt to Market Changes
  Easily customize compliance processes to suit the specific requirements of each fintech partner.
• Optimize Risk Parameters
  Continuously adjust and improve risk parameters to ensure robust compliance while supporting growth.
• Enhance Decision Making
  Deliver actionable insights to improve operational efficiency and compliance across the embedded finance network.

Global Identity Verification

Real-time identity verification using a global network of data sources to verify identities across borders and support compliant onboarding.

• Verify Identities Globally
  Leverage extensive data integration to streamline customer verification in multiple markets, enhancing compliance and reducing fraud risk.
• Automate Compliance Checks
  Ensure adherence to regulatory requirements with automated checks that simplify both KYC and KYB processes.
• Make Instant Risk Decisions
  Enhance customer experience with immediate decisioning, allowing for seamless onboarding while effectively managing risk.
• Manage Risks Efficiently
  Eliminate siloed decision-making and gain a holistic view of risk for better compliance and customer management.
• Adapt to Regulatory Needs
  Easily switch on and manage various regulatory checks as market needs evolve without extensive coding.
• Receive Professional Guidance
  Benefit from expert insights and guidance to navigate complex compliance landscapes effectively.

Crypto

KYC, AML, and risk management for crypto products with on- and off-chain data integration to support safer crypto onboarding and operations.

• Leverage Comprehensive Data
  Access diverse data sources to create a holistic view of user identities and associated risks in crypto transactions.
• Automate User Verification
  Streamline the verification process for crypto users to enhance customer onboarding while ensuring compliance.
• Ensure Continuous Compliance
  Maintain regulatory compliance with automated monitoring for AML risks and sanctions checks at all operational stages.
• Assess User Risk Effectively
  Utilize tailored risk scoring models to identify potential fraud and secure transactions in the crypto environment.
• Detect Suspicious Activities
  Implement dynamic monitoring to quickly identify and respond to potentially fraudulent actions by users.
• Integrate Effortlessly
  Allow for quick connectivity with existing digital solutions to enhance workflow efficiency.