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Data Zoo and Alloy Join Forces

In an era where financial institutions and fintechs face increasing pressure to streamline identity verification while maintaining robust security measures, the partnership between Data Zoo and Alloy marks a significant milestone. This collaboration is set to transform customer identity onboarding with a seamless, globally connected verification solution.

By integrating Data Zoo’s extensive global identity data with Alloy’s identity and fraud prevention platform, financial organizations can now harness both traditional and non-traditional data sources in a single, efficient workflow. This partnership empowers businesses to verify identities more accurately, reduce fraud risks, and expand operations across borders while remaining compliant with regulatory standards.

With identity verification becoming a cornerstone of secure digital transactions, financial institutions must adapt to evolving regulatory landscapes and fraud threats. The integration of Data Zoo’s global data assets into Alloy’s orchestration platform presents a one-stop solution for seamless onboarding.

By leveraging a single API, clients can:

Reduce operational costs associated with fragmented identity verification systems.
Accelerate entry into new international markets without added complexity.
Strengthen fraud prevention measures against synthetic identity fraud.
Enhance customer experience with frictionless onboarding.

The ability to rely on real-time, high-quality identity data ensures a balance between security and user convenience, mitigating onboarding delays while effectively detecting fraudulent activities.

The Impact on Financial Institutions and Fintechs

As financial entities expand their services globally, verifying the authenticity of customers across different regulatory jurisdictions becomes a critical challenge. This partnership provides a scalable identity verification framework that financial institutions and fintechs can trust to meet their compliance requirements.

“Data Zoo’s mission is to empower businesses with critical access to identity data globally to boost financial inclusion and block out bad actors,” said Charlie Minutella, CEO of Data Zoo. “Partnering with Alloy allows us to bring our extensive global data into an established platform that is trusted by financial institutions and fintechs, helping them mitigate identity risks while expanding their customer base safely.”

The combined strengths of Data Zoo and Alloy offer a future-proof identity verification strategy that aligns with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations worldwide.

How Financial Organizations Benefit from This Partnership

Financial institutions, credit unions, and fintech companies can now leverage Data Zoo’s solutions through Alloy’s orchestration platform. This translates into significant advantages:

Enhanced Risk Assessment: Access to a broader set of global identity data improves fraud detection and risk mitigation.
Improved Compliance Measures: Adherence to KYC and AML regulations is simplified with robust, verifiable data sources.
Faster Market Expansion: The single API integration reduces onboarding time and accelerates customer acquisition in multiple regions.
Cost Reduction: A unified identity verification approach eliminates redundancies and inefficiencies in compliance operations.

According to Keith Kettell, CRO at Alloy, “Alloy’s platform is designed to prevent fraud without hindering business growth. By integrating Data Zoo’s global data coverage, we are giving our clients the ability to confidently onboard more users in new geographies while staying compliant with regulatory standards.”

Conclusion: A New Standard in Identity Verification

The collaboration between Data Zoo and Alloy represents a significant leap forward in global identity verification solutions. By bridging financial inclusion with secure identity verification, this partnership sets a new industry benchmark for seamless customer onboarding.

As financial institutions and fintechs continue to navigate the complexities of identity fraud and compliance requirements, Data Zoo and Alloy’s integration provides a scalable, efficient, and security-driven approach to global identity verification. This initiative not only strengthens fraud prevention measures but also enhances the user experience by making identity verification more accessible and efficient across borders.