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Stock impact report

Blend Labs, Alloy expand partnership to enhance digital banking security [Yahoo! Finance]

Blend Labs, Inc. Class A (BLND) 
Company Research Source: Yahoo! Finance
This new agreement allows Blend's clients to integrate Alloy's advanced fraud prevention capabilities into their digital banking services more efficiently, aiming to enhance the security of consumer banking experiences. The collaboration builds on an existing relationship between Blend and Alloy, which has already been providing integrated solutions for fraud prevention and compliance within Blend's deposit account and consumer lending offerings. Financial institutions, such as Langley Federal Credit Union, have reported positive outcomes from this joint initiative, stated the two companies. Blend Labs co-founder and CEO Nima Ghamsari said: “Our partnership with Alloy helps us go beyond expectations, giving financial institutions the security and scalability they need to lend with confidence. “With this expanded relationship, we're making it even easier and more cost-effective for lenders to access top-tier risk and fraud prevention tools—seamlessly built into their workflows Show less Read more
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