Alloy for Embedded Finance launches for banks and fintechs to collaboratively manage identity and compliance risk [Yahoo! Finance]
Marqeta, Inc. - Class A (MQ)
Company Research
Source: Yahoo! Finance
NEW YORK Feb. 29, 2024 /PRNewswire/ -- Alloy, the identity risk management company behind nearly 600 leading banks and fintech companies, today announced Alloy for Embedded Finance , a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements. Oftentimes, sponsor banks have not had sufficient oversight or control over whether their fintech partners have adhered to the banks' government-mandated compliance requirements. Alternatively, in models where sponsor banks have taken on all compliance responsibilities, they have often forced their fintech partners into a one-size-fits-all approach to compliance that doesn't suit fintechs' evolving risk needs and often adds unnecessary friction to their user experiences. Alloy for Embedded Finance solves these challenges. The new product leverages the strength of Alloy's existing platform while introducing a new parent/child acc
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