Blend and Alloy Expand Partnership to Supercharge Fraud Prevention for Banks and Credit Unions
Blend Labs Inc. (NYSE: BLND) has expanded its partnership with Alloy to enhance fraud prevention capabilities for banks and credit unions. The collaboration integrates Alloy's identity and fraud prevention platform into Blend's consumer banking solutions, offering financial institutions more seamless and cost-effective access to advanced security tools.
The partnership has already demonstrated success, as evidenced by Langley Federal Credit Union's experience where Alloy detected and automatically rejected nearly 700 fraudulent applications during a fraud attack. The integration enables lenders to meet KYC requirements and screen for fraud through identity orchestration, leveraging various third-party data sources.
The solution features configurable workflows that intelligently sequence providers in a cost-optimized manner, helping institutions balance security, compliance, and operational efficiency.
Blend Labs Inc. (NYSE: BLND) ha ampliato la sua collaborazione con Alloy per potenziare le capacità di prevenzione delle frodi per banche e cooperative di credito. Questa partnership integra la piattaforma di prevenzione delle frodi e gestione dell'identità di Alloy nelle soluzioni bancarie consumer di Blend, offrendo agli istituti finanziari un accesso più fluido ed economico a strumenti di sicurezza avanzati.
La collaborazione ha già dimostrato la sua efficacia, come evidenziato dall'esperienza di Langley Federal Credit Union, dove Alloy ha rilevato e respinto automaticamente quasi 700 domande fraudolente durante un attacco. L'integrazione consente ai finanziatori di soddisfare i requisiti KYC e di effettuare controlli antifrode tramite l'orchestrazione dell'identità, sfruttando diverse fonti di dati di terze parti.
La soluzione include flussi di lavoro configurabili che ordinano in modo intelligente i fornitori ottimizzando i costi, aiutando le istituzioni a bilanciare sicurezza, conformità ed efficienza operativa.
Blend Labs Inc. (NYSE: BLND) ha ampliado su colaboración con Alloy para mejorar las capacidades de prevención de fraudes para bancos y cooperativas de crédito. La alianza integra la plataforma de identidad y prevención de fraudes de Alloy en las soluciones bancarias para consumidores de Blend, ofreciendo a las instituciones financieras un acceso más fluido y rentable a herramientas avanzadas de seguridad.
La colaboración ya ha demostrado éxito, como lo demuestra la experiencia de Langley Federal Credit Union, donde Alloy detectó y rechazó automáticamente cerca de 700 solicitudes fraudulentas durante un ataque de fraude. La integración permite a los prestamistas cumplir con los requisitos KYC y realizar controles antifraude mediante la orquestación de identidad, aprovechando diversas fuentes de datos de terceros.
La solución cuenta con flujos de trabajo configurables que organizan inteligentemente a los proveedores de manera optimizada en costos, ayudando a las instituciones a equilibrar seguridad, cumplimiento y eficiencia operativa.
Blend Labs Inc. (NYSE: BLND)는 은행 및 신용 조합을 위한 사기 방지 기능을 강화하기 위해 Alloy와의 파트너십을 확장했습니다. 이번 협력은 Alloy의 신원 및 사기 방지 플랫폼을 Blend의 소비자 금융 솔루션에 통합하여 금융 기관에 더 원활하고 비용 효율적인 첨단 보안 도구 접근을 제공합니다.
이 파트너십은 Langley Federal Credit Union의 사례에서 이미 성공을 입증했으며, Alloy가 사기 공격 중 거의 700건의 사기 신청을 자동으로 감지하고 거부했습니다. 이 통합은 대출 기관이 KYC 요건을 충족하고 다양한 제3자 데이터 소스를 활용한 신원 조정을 통해 사기 검사를 수행할 수 있도록 합니다.
이 솔루션은 비용 최적화 방식으로 공급자를 지능적으로 순서화하는 구성 가능한 워크플로우를 특징으로 하며, 기관들이 보안, 규정 준수 및 운영 효율성의 균형을 맞추는 데 도움을 줍니다.
Blend Labs Inc. (NYSE : BLND) a étendu son partenariat avec Alloy afin de renforcer les capacités de prévention de la fraude pour les banques et les coopératives de crédit. Cette collaboration intègre la plateforme d'identité et de prévention de la fraude d'Alloy dans les solutions bancaires grand public de Blend, offrant aux institutions financières un accès plus fluide et économique à des outils de sécurité avancés.
Le partenariat a déjà fait ses preuves, comme en témoigne l'expérience de Langley Federal Credit Union, où Alloy a détecté et rejeté automatiquement près de 700 demandes frauduleuses lors d'une attaque. L'intégration permet aux prêteurs de satisfaire aux exigences KYC et de détecter la fraude grâce à l'orchestration d'identité, en exploitant diverses sources de données tierces.
La solution propose des workflows configurables qui ordonnent intelligemment les fournisseurs de manière optimisée en termes de coûts, aidant ainsi les institutions à équilibrer sécurité, conformité et efficacité opérationnelle.
Blend Labs Inc. (NYSE: BLND) hat seine Partnerschaft mit Alloy erweitert, um die Betrugspräventionsfähigkeiten für Banken und Kreditgenossenschaften zu verbessern. Die Zusammenarbeit integriert Alloys Identitäts- und Betrugspräventionsplattform in Blends Verbraucherbanklösungen und bietet Finanzinstituten einen nahtloseren und kosteneffizienteren Zugang zu fortschrittlichen Sicherheitswerkzeugen.
Die Partnerschaft hat bereits Erfolge gezeigt, wie die Erfahrung der Langley Federal Credit Union belegt, bei der Alloy während eines Betrugsangriffs fast 700 betrügerische Anträge erkannt und automatisch abgelehnt hat. Die Integration ermöglicht es Kreditgebern, KYC-Anforderungen zu erfüllen und Betrugsprüfungen durch Identitätsorchestrierung unter Nutzung verschiedener Drittanbieterdatenquellen durchzuführen.
Die Lösung bietet konfigurierbare Workflows, die Anbieter kosteneffizient intelligent sequenzieren und den Institutionen helfen, Sicherheit, Compliance und operative Effizienz in Einklang zu bringen.
- Partnership enhances fraud prevention capabilities, potentially reducing financial losses
- Proven effectiveness with 700 fraudulent applications automatically detected and rejected
- Cost-optimization through intelligent sequencing of security providers
- Increasing fraud threats in lending industry requiring additional security investment
Insights
Blend's expanded partnership with Alloy represents a strategic enhancement to their fraud prevention capabilities that could strengthen their competitive position in the digital banking solutions market. This partnership directly addresses a growing pain point for financial institutions - fraud prevention - while potentially creating additional revenue opportunities through value-added services.
The integration enables Blend to embed Alloy's identity verification and fraud detection services directly into their workflow solutions, creating a more seamless experience for financial institutions. The real-world validation from Langley Federal Credit Union, which reported blocking nearly 700 fraudulent applications, provides tangible evidence of the solution's effectiveness.
This partnership expansion exhibits three key strategic advantages: 1) it enhances Blend's value proposition by addressing critical security concerns, 2) it potentially improves customer retention by embedding essential compliance and security functions directly into their platform, and 3) it positions Blend as a more comprehensive solution provider in the competitive banking technology landscape.
For Blend, which operates in the challenging mortgage technology space, diversifying their offering with high-demand fraud prevention capabilities represents a sensible strategic direction that aligns with financial institutions' increasing need for integrated compliance and security solutions.
As part of the new agreement, Blend customers can now more seamlessly and cost-effectively access Alloy’s advanced identity and fraud prevention capabilities into their consumer banking solutions, ultimately building a safer and more trusted digital banking experience in order to grow their business.
“Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence,” said Blend's co-founder and CEO, Nima Ghamsari. “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.”
This latest evolution builds on a longstanding partnership between Blend and Alloy, which has been delivering integrated fraud prevention and compliance solutions across Blend’s deposit account and consumer lending products. Financial institutions using this joint solution are already seeing measurable impact, including Langley Federal Credit Union:
"Earlier this year, Langley was hit with a fraud attack, but Alloy and Blend quickly caught it and stopped it,” said Cris Daly, Digital Product Manager at Langley Federal Credit Union. “Alloy detected nearly 700 fraudulent applications and automatically rejected them so that none of those fraudsters made it into our portfolio."
Through identity orchestration, the partnership enables lenders to meet KYC (Know Your Customer) requirements and screen for fraud by leveraging a range of third-party data sources. Configurable workflows further enhance efficiency by intelligently sequencing these providers in a cost-effective and optimized manner, ensuring institutions can balance security, compliance, and operational ease.
“Fraud prevention has become a critical need in the lending industry, as financial institutions seek smarter, more efficient ways to manage identity risk and grow their business,” said Keith Kettell, Chief Revenue Officer at Alloy. “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.”
To learn more about Blend’s Consumer Banking solutions, visit blend.com/products/consumer-banking-suite.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers— from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Better banking starts on Blend. To learn more, visit blend.com.
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 600 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 alloy.com.
Forward-Looking Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships, as well as assumptions relating to the foregoing. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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Press Contact
Chloé Demeunynck
Corporate Communications
press@blend.com
Source: Blend
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