Grasshopper reduces manual reviews with Alloy risk solution

Grasshopper Bank used fintech firm Alloy’s risk management solution to reduce manual reviews in its onboarding process by 57%. The bank implemented Alloy’s identity risk solution in March 2022. At the time, 20% of the bank’s applications were being manually reviewed to monitor for fraud, Lauren McCollom, head of embedded finance at Grasshopper, told Bank Automation News. Alloy’s (…)