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Alloy News: Alloy Partners With Numerated And Sonovate To Fight Fraud

October 8, 2024

Alloy Unicorn News - October 08, 2024

Alloy, a regtech firm, has announced new partnerships with Numerated and Sonovate to enhance fraud prevention in commercial lending and embedded finance. These strategic collaborations aim to streamline onboarding processes and bolster security against financial crimes in both the U.S. and U.K. markets.

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( 00:00:34 ) Alloy Helps Commercial Lenders and Embedded Finance Providers Combat Fraud

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Alloy, a regulatory technology company headquartered in Brooklyn, has announced new strategic partnerships with Numerated, a commercial lending platform, and Sonovate, a provider of embedded finance and payment solutions. These partnerships are focused on enhancing fraud prevention and streamlining onboarding processes. Numerated plans to incorporate Alloy's technology to conduct comprehensive fraud checks within its lending operations, aiming to provide a seamless digital experience and competitive lending products to small and medium-sized enterprises (SMEs) and commercial borrowers. Meanwhile, Sonovate intends to use Alloy's identity risk technology to tackle the rising fraud trends in the United Kingdom. By leveraging Alloy's extensive network of data sources, Sonovate aims to strengthen its defenses against financial crime. These collaborations are expected to significantly enhance fraud prevention capabilities in both the U.S. and U.K. markets, highlighting Alloy's role in advancing security and efficiency in financial services.

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