Alloy

Earlier this month, we were joined by several UK industry partners for an event on customer risk assessments. ?? The brilliant James Nurse from FINTRAIL was kind enough to share some handy do's and don'ts for managing, modifying, and measuring CRAs. And let's not forget that divine dinner by the waterfront! Curious to learn more about how Alloy can help you take a risk based approach to compliance and fraud? Follow the link in the comments!

Seven in ten UK fintechs said fraud volumes in their business shot up over the last year, according to new research. Alloy’s State of UK Fraud Report stated 79 per cent of UK fintech firms lost at least ￡500,000 to fraud in the 12 months to October 2024. Two in five recorded losses between ￡1m and ￡5m in that time, and nearly nine per cent said they lost over ￡5m. The report, which surveyed 118 director-level fintech bosses, showed nearly three-quarters blamed organised crime rings for the majority of fraud within their business. James Baston-Pitt, Alloy’s Head of Growth UK, told City AM: “Fraudsters are looking to exploit gaps in the system, they will work nine to five and will move around.” Read the full story here ?? https://bit.ly/3DMZh2e

Fraud has been a major challenge in the UK this year, but fintechs are fighting back with smarter, stronger prevention strategies. Our 2025 State of UK Fraud Report is here and reveals the latest trends: ?? Nearly half (47%) of fintechs lost over ￡1M in fraud last year. ?? 73% of fraud events stem from organized fraud rings, making them the biggest fraud threat. ?? Regulatory fines and reputational damage rank as top concerns for leadership. To stay ahead of bad actors, fintechs are doubling down on fraud prevention: ? 96% are increasing their fraud prevention investments in 2025. ??? Identity risk solutions were the top investment for reducing fraud last year. ??? This morning the report was featured in City AM by Samuel Norman, where our Head of UK James Baston - Pitt shared: “Fraudsters are like sharks going up and down a shark net looking for gaps within that net to be able to exploit, vulnerabilities in regulation or how businesses operate, and AI is ultimately reducing the barrier or effort.” ?? Download the full report, and read the full story, at the links in the comments!

Pipe uses Alloy to operate in new geographies like the UK, while still ensuring they meet international compliance requirements. Learn more about how Alloy can help your organisation adopt a full lifecycle approach to risk management, increase STP rates, and grow your business: https://lnkd.in/eQurTrpn

?? We've been shortlisted for RegTech of the Year by the UK FinTech Awards! Alloy enables global fintech companies in the UK and beyond to balance risk with growth so that they can scale into new geographies with confidence. Some of the world’s fastest-growing fintechs rely on our identity and fraud prevention platform to test, launch, and scale new products while maintaining the confidence of their customers and the trust of partner banks and regulators.

???? New podcast out today with Tommy Nicholas, Co-founder and CEO of Alloy, the identity and fraud prevention platform trusted by over 700 financial service companies. Our conversation explores the early days of fintech, why more consumer financial protections actually lead to more fraud, and gets into the weeds of building a technical platform company like Alloy. We talk learning to embrace that the hard parts of company building are actually the best parts, why you’re most likely to give up when things first start getting better, using hands-on sales implementations in the early days to gave Alloy product market fit on steroids, how hiring changes as you scale, getting 100’s of no’s over 20 months raising their Seed round, and why TAM doesn’t matter. Thanks to Charley Ma for his help brainstorming topics for Tommy and to Numeral for supporting this episode! Link to full episode in the comments!

What a week for events! Our team had a blast meeting with our clients and partners at our Fintech Meetup booth and our happy hour with Prove and Amazon Web Services (AWS). Laura Spiekerman also took the stage at both Fintech Meetup and HumanX to speak about AI, embedded finance, and the future of fraud. We're keeping the momentum going next week at Consumer Bankers Association Live! Find Alloy at networking lounge No. 5, and speaking on a panel about AI and the future of fraud, featuring Sara Seguin from Alloy, Rakesh Mirajkar from Capital One, and Kannan Srinivasan from Fiserv.

I had a great time diving into my founder journey with Josh Dorsey from Stifel Bank—pivoting from law school to a startup adventure in Africa, the ups and downs of scaling, and how fintech is evolving. Hope you enjoy the conversation as much as I did! https://lnkd.in/gZzQa92d

Fraud Attack Radar, our latest AI-powered solution, was highlighted in a recent Business Insider article by Bianca Chan on AI-powered fraud prevention in banking. As the article points out, 80% of bank cybersecurity executives surveyed by Accenture believe generative AI is empowering fraudsters faster than their financial institutions can respond. That's why we developed Fraud Attack Radar – to help our clients detect fraud threats AND respond to them quickly, safely, and efficiently. https://lnkd.in/dzs84uVt

Proud to share that Laura Spiekerman has been named to the Inc. Female Founders 500, which recognizes women-identifying founders driving revenue growth and brand momentum for their companies. Laura co-founded Alloy in 2015 and continues to drive impact across our organization today. See the full list of honorees: https://lnkd.in/gEb9rQb9