10x Banking and Alloy partner to bring cloud-native risk decisioning to financial services. Source: Shutterstock.com

10x Banking, the cloud-native core banking platform, has partnered with Alloy, an identity and fraud prevention platform, to deliver a customer onboarding, perpetual KYC and KYB monitoring and credit decisioning platform for financial institutions globally.

The partnership combines 10x’s meta-core platform with Alloy’s solutions for managing identity risk throughout the customer lifecycle. 10x’s solution powers financial institutions globally, including Chase UK and Westpac and provides banks with a fast and cost-effective path to cloud-native transformation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Alloy’s platform is trusted by over 600 financial institutions and fintechs, including Sonovate, Liberis, Ent Credit Union, Shopify and Clear Street. Alloy has pre-built integrations to one of the broadest networks of data products in the industry, with over 200 fraud, compliance, and identity data sources including Onfido, ComplyAdvantage, GBG and others covering 195 markets worldwide.

On top of this, Alloy leverages its data orchestration capabilities to synthesise all of the data points and automate decision-making for clients, allowing clients to better solve fraud, credit and compliance risk.

This partnership sees Alloy’s data network integrated with 10x’s core banking platform

This enables financial institutions to make lending and account opening decisions with agility and precision from the core, delivering faster, better business decisions in a market that demands real-time capabilities.

Keith Kettell, Chief Revenue Officer at Alloy said: “Our partnership with 10x Banking is a testament to our commitment to helping financial institutions in the UK and beyond fight fraud. Our partnership will provide financial institutions all over the world with flexible tools to efficiently manage identity risk, specifically aiding them in enhancing their account opening and in-life risk management processes.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Matt Mills, Chief Revenue Officer at 10x Banking, added: “Our collaboration with Alloy represents a significant step forward in the modernisation of risk decisioning. Alloy’s cloud-native approach to identity risk management complements 10x Banking’s cloud-native core banking platform, creating a modern, versatile credit decisioning tool for banks and fintechs seeking to transform their loan origination processes. This partnership, with 10x’s unique meta core approach, enables us to continue our mission to revolutionise banking for the benefit of financial institutions, their customers, and society.”