Alloy
Identity decisioning and fraud prevention SaaS for financial institutions.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- First Mile Group, Inc.
- Entity type
- COMPANY
- Founded
- 2015
- Headquarters
- United States
- Company size
- 201–500
- Market role
- B2B SaaS Provider
- Official website
- alloy.com
What Alloy does
Alloy operates a B2B SaaS model for regulated financial institutions. It provides a configurable software platform that sits in the critical path of customer onboarding, fraud prevention and compliance monitoring, aggregating third-party data, orchestrating vendor calls and automating decisions. Customers use Alloy to reduce manual review, improve fraud controls, simplify regulatory workflows and avoid dependence on fragmented single-purpose tools. Value is created through workflow centralisation, explainable decisioning, operational efficiency and flexible access to a broad partner ecosystem.
Category differentiation
This company is not a metals or manufacturing business despite the name Alloy. It is a fintech software provider focused on identity, fraud and compliance infrastructure for financial institutions.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
Alloy is the trading name of First Mile Group, Inc., a private B2B software company that sells an identity decisioning, fraud prevention and compliance platform to banks, credit unions and fintechs. Its core product combines identity verification, fraud detection, workflow orchestration, transaction monitoring and auditability into a configurable system for regulated financial services workflows. The platform integrates more than 270 third-party data providers and uses automated decisioning and machine learning to manage onboarding and lifecycle risk. The company generates revenue through enterprise SaaS contracts structured around platform access, integrations and usage volume. Its direct customers are financial institutions and their risk, fraud, compliance, product and operations teams. Alloy creates value by replacing fragmented point solutions with a unified, vendor-neutral operating layer for identity, fraud and compliance decisions.
Business model & monetisation
Alloy uses enterprise SaaS pricing with customised commercial agreements. Revenue is driven primarily by recurring software subscription fees, with pricing shaped by transaction volume, scale of operations, enabled modules, integration breadth and consumption of automated workflows and data-provider calls. The commercial model is a hybrid of software subscription and usage-based pricing, sold through enterprise sales.
- Enterprise platform subscriptions
- Software Subscription
- Usage-based transaction and workflow volume fees
- Pay-per-Use
- Integration and expanded module access
- Software Subscription
Products & capabilities
No products with linked sources are available in this view.
Products & market categories
Competitors & alternatives
- Forter
Commerce risk and fraud decisioning software for digital merchants.
- FICO
Credit scoring and decisioning software for financial institutions and enterprises.
Side-by-side comparisons
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
Alloy release round-up: August 2026
Recorded impact score: 3.5/5
Alloy's August 2026 release notes: the Alloy Marketplace with pre-built policy snippets, self-service attribute management, and a new application review experience.
Nasdaq Verafin and Alloy Partner to Help Financial Institutions Mitigate Fraud Risk Across the Customer Lifecycle
Recorded impact score: 3.5/5
Alloy announces a new partnership with Nasdaq Verafin to help financial institutions mitigate fraud risk across the customer lifecycle.
Explore company relationships
Questions about Alloy
What is Alloy?
Alloy is a B2B software platform for identity decisioning, fraud prevention and compliance management used by financial institutions.
Who uses Alloy?
Banks, credit unions, fintechs and their fraud, risk, compliance, onboarding and technical teams use Alloy.
How does Alloy make money?
Alloy makes money through enterprise SaaS contracts that combine recurring platform fees with usage-based pricing tied to volume, modules and integrations.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
14 publicly documented primary sources and citations linked across the market graph.
Continue your research on Alloy
Explorer includes additional company details, a Watchlist for up to 25 companies and your personal Strategic Intelligence Agent. It monitors your market daily and delivers tailored briefings with clear strategic context whenever relevant news occurs.
Free, with no time limit.