July 19, 2023, Sandy, UT – FLEX, a leading provider of core system software for credit unions has partnered with Alloy, a leading identity decisioning platform for credit unions, banks, and fintech companies, to enhance the member onboarding process and mitigate risk to verify and authenticate individuals.
Alloy’s identity decisioning platform brings the many pieces of digital identity into a centralized platform, working across more than 120 data sources to enable credit unions to make better risk decisions by seeing beyond an address or social security number. Through Alloy’s various partners and the data they provide, the company’s best-in-class KYC and fraud detection capabilities enable clients to verify identities, prevent fraud, monitor transactions, and power credit underwriting.
By adding Alloy to the FLEXBridge API community, FLEX clients will be able to enhance their new member onboarding and existing member engagement in a frictionless, fast, and secure way. Using the FLEX digital onboarding solution, credit unions can expedite member account openings while also mitigating account opening fraud.
“We are excited about this new partnership with Alloy,” said Preston Packer, EVP/CMO at FLEX. “With the increasing demand for digital new account solutions and the evolving needs of our customers and their members, FLEX has harnessed the latest technology to streamline the account opening process. Now, credit unions can allow the opening of various accounts, such as savings, checking, etc., without the hassle of visiting a physical branch while ensuring best-in-class security and mitigating account fraud.”
FLEX has disrupted the credit union core system marketplace by enabling efficient solutions for digital transformation and sustainable growth. FLEX will allow credit unions to launch a full-service digital banking suite with innovative member-facing technologies and automated services. Credit unions will buy back lost time by remapping the digital journey and increasing member loyalty. With over 280 credit unions in 46 states including Alaska, Hawaii, and the Eastern Caribbean, FLEX enjoys established relationships with all regulatory agencies, corporate credit unions, and major industry partners. Follow us on LinkedIn.
Alloy is the command center for identity that covers your compliance and fraud-fighting needs. Our identity decisioning platform connects you to more than 120 data sources to help you verify identities, monitor transactions and make credit decisions – giving you a holistic view of each customer from the day they onboard and throughout their time with your organization. Learn more on Twitter @UseAlloy.
Media Relations Contact for FLEX