Nasdaq Verafin and Alloy Partner to Help Financial Institutions Mitigate Fraud Risk Across the Customer Lifecycle
Two-way integrations between the platforms will enable greater visibility into emerging risks and faster response to
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NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) — Nasdaq Verafin today announced a partnership with Alloy, a leading AI-powered identity and fraud prevention platform, designed to connect fraud intelligence across the customer lifecycle, starting with the integration of fraud risk signals between the two platforms. Nasdaq Verafin will join Alloy’s expansive partner network, enabling mutual customers to access fraud insights from Nasdaq Verafin’s consortium data network of over 850 million counterparties directly within Alloy’s platform.
Over the last two years, fraud losses reached new heights of $579.4 billion, according to Nasdaq Verafin’s 2026 Global Financial Crime Report. Bad actors are leveraging sophisticated AI tools to scale their attacks across multiple institutions. However, with incomplete information, financial institutions may not know whether an entity has already been linked to confirmed fraud at another institution. With access to data that matches entity information against confirmed fraudulent activity across Nasdaq Verafin’s consortium data network in Alloy, mutual customers will now be able to have a more complete picture of financial crime risk throughout their customers’ lifecycle, beginning at account onboarding.
“As fraud threats become more sophisticated and move faster than ever, we need to give financial institutions the opportunity to proactively strengthen their defenses by offering greater visibility into fraud risks from across the financial system,” said Colin Parsons, VP and Head of Fraud Product Strategy, Nasdaq Verafin. “Through this partnership, we’re more closely integrating fraud signals between the Nasdaq Verafin and Alloy platforms to give financial institutions the ability to see a more complete picture of the threat landscape.”
In addition, Alloy’s real-time fraud alerts will be integrated into Nasdaq Verafin’s alert, investigation, and case management platform for mutual customers, helping to close the loop between detection and action. Suspicious activity flagged in Alloy will feed into the Nasdaq Verafin platform, so financial institutions can investigate and quickly take action in one unified workflow. Case outcomes will then flow back into Fraud Signal, Alloy’s proprietary identity-centric predictive machine learning model, helping sharpen end-to-end fraud controls with every resolved case.
“Fraud teams are under pressure to be fast and thorough at the same time, but siloed systems make that really challenging,” said Tommy Nicholas, co-founder and CEO of Alloy. “By integrating with Nasdaq Verafin, we’re giving our shared customers more clarity on customer risk across systems so financial institutions can proactively mitigate risk before funds are lost and remove unnecessary friction points for good customers.”
“The integration between Alloy and Nasdaq Verafin will enable our fraud teams to better prioritize high-risk member activity and quickly resolve alerts in a centralized system with full context of each scenario,” said Jill Gogel, VP of Fraud Services, Dupaco Community Credit Union. “This will strengthen our ability to prevent high-risk transactions from leaving the credit union and reduce unnecessary friction for our members. By strengthening fraud controls that maintain a seamless member experience, we’re better positioned to support sustainable growth and performance.”
Together, Alloy and Nasdaq Verafin aim to give financial institutions the confidence to proactively keep a pulse on customer risk levels and emerging fraud threats, helping empower financial institutions to safely offer additional capabilities, such as real-time payments. For more information about the partnership, please visit: https://verafin.com/partnerships/.
About Nasdaq Verafin
Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit www.verafin.com to learn more.
About Alloy
Alloy is the AI-powered identity and fraud prevention platform that accelerates onboarding, stops fraud, and scales compliance across the customer lifecycle, so financial organizations can grow without limits. Featuring the industry’s broadest open data network, a sophisticated orchestration engine, and context-rich agentic and predictive intelligence, Alloy is trusted by more than 900 of the world’s leading financial institutions and fintechs for smarter risk management that drives growth. Learn more at alloy.com.
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance, and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of the Nasdaq Verafin platform, the Alloy platform, or the integrations between the two platforms. Forward-looking statements involve a number of risks, uncertainties, or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Nasdaq Verafin Media Relations Contact
Nick Eghtessad
+1.929.996.8894
Nick.Eghtessad@Nasdaq.com
Alloy Media Relations Contact
Chrissy Hennessey
press@alloy.com
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