Alloy

There are almost an infinite number of problems to solve around identity verification, fraud prevention, and compliance risk. But when I talk to fraud and compliance teams, there are three main themes keeping them up at night. 1. The acceleration of fraud The first one is a no-brainer. Fraud has been accelerating for years, and the explosion of AI pushed that even further. But fraudsters don’t just have access to the same AI systems you and I have.

The FCA's 2026 sanctions multi-firm review provides fresh clarity on the FCA’s expectations for sanctions controls at financial organisations. A follow-up to their 2023 review, this one covers the practices of around 150 firms over 18 months and defines good and poor practice, including specific examples. The headline takeaway is simple: the bar for what constitutes an effective sanctions compliance programme has been raised significantly.

Featuring the Alloy Marketplace, self-service attribute management and a new application review experience. The Alloy Marketplace is live! The Partner Center and our Policy Library previously lived as two totally separate experiences. This month, we merged them into one home, and published a big batch of new Alloy-curated policy snippets.

Agentic AI for KYC and KYB helps financial organizations meet evolving regulatory requirements with ease. Compliance teams at financial institutions and fintechs are spending the bulk of their day on manual research, context gathering, and documentation. Studies show a large percentage of this work goes toward managing high rates of false positives.

Setting a UBO standard when US regulator steps back On 11 August 2026, FinCEN issued a final rule removing the requirement for US companies and US persons to report beneficial ownership information under the Corporate Transparency Act (CTA). FinCEN is also deleting the information US persons have already filed.

A unified dashboard for discovering, testing, and deploying partner solutions and proven decisioning logic, now available to all Alloy clients. Financial institutions and fintechs are under constant pressure to adapt to new fraud patterns driven by AI, shifting regulations, and expanding business lines. Each change demands policy updates, often urgently. Building and maintaining effective risk policies has never been simple.

The FCA's April 2026 multi-firm review of customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring found something more uncomfortable than a single dramatic failure: many firms had the right policies in place, they simply weren't implementing them. The review spanned obscure technical gaps and plain-vanilla basics alike and covered a broad cross-section of FCA-supervised firms, not just banks or fintechs.

Featuring a smarter, more auditable Alloy AI Assistant and self-service aggregation rules for logins While some people vacation in July, we were busy shipping! Even the non-headlines are all significant projects that we’re proud of, so brace yourself and read to the end! This month, Alloy’s AI Assistant got materially more capable and transparent in how it reasons through KYC and KYB workflows.

Financial institutions are under constant pressure to provide new, innovative products and solutions, but to do so in ways that align with the expectations of today’s customers. Users expect fast, seamless onboarding and transactions, yet at the same time, regulators and fraud teams demand stronger controls. Most decision-makers in financial services are already familiar with the limitations of static identity checks.

Featuring our infinitely configurable backtesting suite and workforce analytics Our new backtesting tools are now generally available! We’ve had testing features for different pieces of our product forever, but we set out with the lofty vision of taking a decade of workflow testing experience and remaking a fully new and improved backtesting suite.