Latest news with #KeithKettell
Yahoo
2 days ago
- Business
- Yahoo
ORIGENCE AND ALLOY PARTNER TO DELIVER BEST-IN-CLASS FRAUD PROTECTION FOR CREDIT UNIONS
Integration unlocks growth opportunities to streamline onboarding, enhance the member experience, and strengthen security. Origence and Alloy Irvine, California, June 11, 2025 (GLOBE NEWSWIRE) -- Origence, the leading lending technology solutions provider for credit unions, announced a strategic partnership with Alloy, a premier identity and fraud prevention platform provider. This partnership provides credit unions with a scalable and highly effective solution to grow their business by streamlining digital member onboarding and digital lending while also proactively mitigating fraudulent activity. Through this partnership, Alloy will enable credit unions to verify member identities with access to more than 200 best-in-class sources of fraud, identity, and compliance data without the burden of managing individual integrations. Alloy provides credit unions with the ability to: Optimize growth by increasing top of funnel conversion rates, onboarding automation rates, and speed of origination. Orchestrate unique fraud prevention data points for digital new account opening and direct lending. Easily select from a variety of pre-built fraud and identity solutions, promoting tailored security measures. Reduce costs by pausing additional fraud checks on low-risk applications and make real-time adjustments to balance security and cost-effectiveness. Quickly detect fraud risks in online member onboarding and lending channels. Implement automated know-your-customer (KYC) and customer identification program (CIP) checks to promote compliance and enhance security measures. Fraud has become an escalating challenge for credit unions, with attacks evolving in sophistication and frequency. At the same time, fraud prevention is acting as a growth driver for financial institutions by enabling them to onboard genuine members. According to a 2025 report from Alloy, 87% of financial institutions reported that the money saved by fraud prevention outweighs its costs. To keep up with growing fraud, credit unions must diversify and layer their fraud solutions to evolve as quickly as the threats they face, ultimately unlocking additional growth opportunities for their business. 'As fraud continues to evolve, we recognize the need for cutting-edge solutions that will protect our partners and their members without compromising efficiency,' said Brian Hendricks, Chief Product Officer of Origence. 'By integrating with Alloy's powerful fraud detection capabilities, we equip credit unions with the tools to safeguard their operations, build trust, make more loans, and open new accounts. This is more than just another integration; it's about empowering credit unions with confidence to move faster than the pace of fraud.' 'Credit unions are highly skilled at providing high-quality experiences to the member communities they serve,' said Keith Kettell, Chief Revenue Officer at Alloy. 'Our partnership with Origence enables credit unions to continue to faithfully serve their members while also ensuring they reduce fraud risk and ultimately grow their business.' About Alloy Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk so they can grow with confidence. Over 700 of the world's largest financial institutions and fintechs turn to Alloy's end-to-end platform to access actionable intelligence and the broadest network of data sources across the industry, as well as stay ahead of fraud, credit, and compliance risks. Founded in 2015, Alloy is powering the delivery of great financial products to more customers around the world. Learn more at About Origence Origence provides lending technology solutions credit unions need to advance their total origination experience. We were established in 1994 as a credit union service organization (CUSO) and have helped thousands of credit unions process more than 97 million applications, including 8.6 million applications in 2024. Our solutions include indirect lending, loan and account origination, auto shopping, marketing automation, lending operations, and more. Learn more at and follow us on X and LinkedIn. Attachment Origence and Alloy CONTACT: Alison Barksdale Origence 817-219-6281 in to access your portfolio
Yahoo
16-04-2025
- Business
- Yahoo
Blend Labs, Alloy expand partnership to enhance digital banking security
Blend Labs, an origination platform for digital banking solution, has announced an expansion of its partnership with Alloy, a provider of identity and fraud prevention solutions. This new agreement allows Blend's clients to integrate Alloy's advanced fraud prevention capabilities into their digital banking services more efficiently, aiming to enhance the security of consumer banking experiences. The collaboration builds on an existing relationship between Blend and Alloy, which has already been providing integrated solutions for fraud prevention and compliance within Blend's deposit account and consumer lending offerings. Financial institutions, such as Langley Federal Credit Union, have reported positive outcomes from this joint initiative, stated the two companies. Blend Labs co-founder and CEO Nima Ghamsari said: 'Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence. 'With this expanded relationship, we're making it even easier and more cost-effective for lenders to access top-tier risk and fraud prevention tools—seamlessly built into their workflows.' The partnership facilitates identity orchestration, enabling lenders to fulfil know your customer (KYC) obligations and conduct fraud screenings by utilising various third-party data sources. Additionally, the implementation of configurable workflows optimises the process by intelligently sequencing data providers, allowing institutions to maintain a balance between security, compliance, and operational efficiency. Alloy chief revenue officer Keith Kettell said: 'By combining our expertise in fraud prevention with Blend's industry-leading consumer banking platform, we're equipping lenders with the tools they need to stay ahead of threats while also automating and simplifying their operations.' Earlier this month, Blend Labs partnered with Prove Identity to improve digital onboarding for lenders on its Consumer Banking platform. This collaboration incorporates the Prove Pre-Fill solution, which is intended to speed up the onboarding process for consumers applying for deposit accounts, credit cards, and loans. "Blend Labs, Alloy expand partnership to enhance digital banking security" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
