Alloy solves the identity risk problem for companies that offer financial products by enabling them to outpace fraud and confidently serve more people around the world. Over 600 of the world’s largest banks and fintechs turn to Alloy to take control of fraud, credit, and compliance risk, and grow with the clearest picture of their customers. We sat down with CTO and Co-Founder, Charles Hearn, to learn more about how Loqate supports the data quality they promise their customers.
Problem:
Alloy struggled with latency times and international coverage with their former solution.
Solution:
Alloy was compelled to reach out to Loqate, realizing the flexibility and coverage they could offer their customers while maintaining data quality.
Result:
By utilizing Loqate’s Verify API on-premise, Alloy ensures high-quality customer data downstream, thus improving match rates and reducing false positives.
One of the things that we really liked is that we could take the product and deploy it ourselves on-premise. Loqate ensures that all the data going downstream in our system is canonical, formatted & standardized.
- Charles Hearn, CTO and Co-Founder
When looking to expand their business to fight fraud internationally, Alloy recognized the need for global data coverage. This prompted Alloy to actively seek out a new solution that not only addressed their business requirements but also met the global needs of their fintech partners and customers.
Alloy ensures unparalleled precision and confidence of quality address data through Loqate’s parsing, matching, formatting, and enriching capabilities.
A latency difference of even 5 to 10 milliseconds is exponentially impactful for Alloy’s customers and their end users. With the ability to deliver real-time data insights, Loqate provides unrivaled value, especially when paired with deployment flexibility and international coverage that spans over 250 countries and territories worldwide.
Time is money. We want to eliminate the amount of time that it takes to apply for products as much as possible, and Loqate helps us achieve that.
- Charles Hearn, CTO and Co-Founder
Loqate was able to provide Alloy with superior global address data that is structured to local standards and nuances.
The partnership enables Alloy to reach a global audience and provide their customers with a seamless and efficient onboarding experience.
I was completely blown away with the advantages of working with Loqate, and I think we've only started to see the amount of features that we could unlock.
- Charles Hearn, CTO and Co-Founder
Whatever your implementation needs, our single API for all countries means we can offer flexible deployment options whether on premises, cloud or private cloud.
