ID
Analytics LLC, a leader in consumer risk management, and Alloy, the
platform helping the financial services industry make data-driven
customer decisions, today announced a partnership to help financial
services companies more effectively mitigate risk and fight fraud. Alloy
will use insights from the ID Analytics’ ID Network® to
provide its customers with additional insight to help them better
authenticate consumers’ identities. The addition of data from ID
Analytics’ ID Network will help Alloy customers mitigate risk during
customer onboarding.
Over the last 15 years, contributions from ID Analytics’ client base
have built the ID Network into a unique cross-industry repository of
near real-time consumer information, which provides a comprehensive
perspective on identity. The ID Network receives more than 100 million
new identity elements every day from market leaders in nearly 20
industries, and contains over 4.2 million confirmed frauds, making it a
powerful repository of information for fraud detection.
“This partnership enables us to extend the insights of the ID Network to
more financial services organizations of all sizes,” said Gavin
Sollinger, vice president, business development, ID Analytics. “Our
teams have already successfully worked together to provide integrated
identity verification solutions to Alloy customers and we see tremendous
opportunity to provide all Alloy customers with even more comprehensive
insight into fraud and identity risk mitigation.”
“One of the biggest challenges facing financial institutions is identity
verification,” said Tommy Nicholas, CEO of Alloy. “Our partnership with
ID Analytics allows us to provide our customers with valuable
cross-industry insights into consumer behavior. This granular visibility
into identity risk helps our customers authenticate a higher percentage
of consumers while efficiently managing fraud risk.”
About ID Analytics LLC
ID Analytics is a leader in consumer risk management with patented
analytics, proven expertise, and up-to-the-minute insight into consumer
behavior. By combining proprietary data from the ID
Network®—one of the nation’s largest networks of
cross-industry consumer behavioral data—with advanced science, ID
Analytics provides in-depth visibility into identity risk and
creditworthiness. Every day, many of the largest U.S. companies rely on
ID Analytics to make risk-based decisions that enhance revenue, reduce
fraud, and drive cost savings. ID Analytics is a Symantec company. Visit www.idanalytics.com
to learn more.
About Alloy
Alloy
helps companies make better decisions with better information, using a
single API service and dashboard to manage identity verification from
signup through the lifecycle of the customer. Alloy makes it easy for
financial services companies to quickly and safely onboard more
customers, mitigating fraud and high-cost financial risk. Visit www.alloy.co
to learn more and follow them on Twitter @UseAlloy.
ID Analytics and ID Network are registered trademarks of Symantec;
all other trademarks and registered trademarks are the property of their
respective holders.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190529005292/en/