Security

Blend partners with Alloy for fraud prevention

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May 2, 2025

Blend Labs Inc., a digital banking solutions company, has extended its partnership with Alloy for fraud prevention.

With this partnership, Blend customers can integrate Alloy's identify and fraud prevention solutions into consumer banking systems, according to a press release.

The companies use identify orchestration to meet 'know your customer' requirements and screen for fraud with third-party data sources.

"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," Keith Kettell, chief revenue officer at Alloy, said in the release. "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."

"Earlier this year, Langley was hit with a fraud attack, but Alloy and Blend quickly caught it and stopped it," Cris Daly, digital product manager at Langley Federal Credit Union, said in the release. "Alloy detected nearly 700 fraudulent applications and automatically rejected them so that none of those fraudsters made it into our portfolio."