Alloy, Identity verification, Fraud, Identity Proofing, Fintech

Alloy and Socure Partner to Automate Digital Identity Verification and Onboarding for Financial Institutions

Joint Solution has Enabled Radius Bank to Reduce Fraud by 50%, Manual Reviews by 95% and Increase New Account Conversion by 30%
Posted by Socure on Oct 17, 2018

NEW YORK--()--Socure and Alloy today officially announced a partnership that enables financial institutions to make real-time digital identity verification decisions with unprecedented speed and accuracy for onboarding new customers. Using the combination of Socure's AI-based identity risk scoring and Alloy’s workflow management has helped Radius Bank, an innovative digital bank, cut fraud in half, virtually eliminate manual reviews, and achieve a major boost in its new account conversions.

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