Blend's partnership with Alloy aims to enhance security and scalability for financial institutions, making it easier for lenders to access advanced fraud prevention tools. This collaboration, which builds on an existing relationship, integrates Alloy's compliance solutions within Blend's offerings. The partnership recently demonstrated its effectiveness by identifying and rejecting nearly 700 fraudulent applications, underlining the need for effective fraud management in the lending industry. By combining their capabilities, they provide robust tools for lenders to meet regulatory requirements and automate operations, helping them to efficiently manage identity risk.
Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence.
The partnership enables lenders to meet KYC (Know Your Customer) requirements and screen for fraud by leveraging a range of third-party data sources.
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