New York and Atlanta — July 09, 2020 — Alloy, a best-in-class identity and risk-decision platform, announced today a new partnership with IDology, a GBG company, that will enable clients to access IDology’s market-leading identity verification and authentication services through Alloy’s identity operating system.
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Topics: Fraud Data Science Identity Verification
1 min read
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.
Topics: Fintech Banking Tech Data Science
3 min read
Shortly after moving to New York City, I applied for a new credit card online. Given the lack of history at my new address, I received a notice in the mail requesting a utility bill as proof of my address. Despite having several documents to prove my address, the process of submitting proof felt too cumbersome and I abandoned the application. Little did I know that three years later I’d be working at a fintech company devoted to improving this very process — digital account opening.
Topics: Fintech Data Science
3 min read
In the 2018 Global Economic Crime and Fraud Survey, PWC writes, “When it comes to fraud, technology is a double-edged sword. It is both a potential threat and a potential protector.” Huge advancements have been made in the payment space with shifts towards digital account opening, allowing people to apply for accounts strictly online. As shown below, digital account opening has become so ubiquitous, it is now an expectation.