Synthetic fraud? Biometrics? An abundance of jargon and buzzwords emerge when you begin to research identity validation and data in concert with the creation of a digital account opening strategy. This article attempts to go back to basics and outline some key considerations with data when a financial institution turns toward digital channels for growth.
3 min read
At Alloy, we had a decision to make relatively early on, when we were just 5 people on a very tight budget: whether or not to invest in a SOC2 process. The SOC2 reports are designed to establish a company’s design and operating effectiveness of their non-financial controls as they relate to security, availability, processing integrity, confidentiality and privacy of a system. (For more information, see SSAE-16’s website).
Topics: Fintech Banking Tech Compliance Soc2
6 min read
As a FinTech startup you know you have an awesome solution for that problem that exists. You spent months getting feedback, building the product, maybe getting your first customers, and now you just need the banks to pay attention and realize how good things could be if they worked with you.