Leading digital banking startup Narmi is proud to strengthen the fraud prevention technology of its Narmi One platform by offering Alloy’s ongoing monitoring capabilities to financial institutions. Narmi is now one of the first partners to integrate both Alloy's onboarding and ongoing monitoring products, enabling financial institutions to access a full lifecycle fraud prevention solution across account opening and digital banking directly within its comprehensive platform.

Customers of Narmi Guard – the platform’s best-in-class fraud prevention suite – will be able to leverage ongoing monitoring to combat fraudulent transactions, account takeovers, scams, and illegal activity more effectively. This enhanced offering will also include dedicated partner support and client success engagements to ensure Narmi's financial institution clients achieve the highest levels of fraud prevention and operational excellence.

“Expanding our partnership with Alloy is a key step in building a banking technology platform that continues to prioritize efficiency, primacy, and growth,” said Angela Gentry Yue, Senior Vice President of Operations at Narmi. “By offering full lifecycle fraud monitoring, we further empower our customers to safeguard accounts, reduce losses, and enhance operational excellence in their institutions.”

Through this partnership with Alloy, Narmi will be able to offer financial institutions a complete view of customer risk across the entire lifecycle, creating a full picture that combines onboarding data with ongoing customer activity monitoring. This allows financial institutions to detect fraudulent activity prior to transactions like ACH payments, keeping end-user accounts safe. The integration with Alloy’s best-in-class platform will also enable financial institutions to leverage dynamic customer profiles that update in real time based on customer activity, helping them better understand risk levels and proactively address fraud with minimal human intervention.

This is the latest chapter in a longstanding partnership between Narmi and Alloy, who have together been offering financial institution customers such as Berkshire Bank and University Federal Credit Union (UFCU) powerful tools to prevent fraud for years. Alloy’s seamless integration inhabits multiple touchpoints within the consolidated Narmi platform, providing salient insights in the battle against increasingly sophisticated fraud practices.The expansion underscores Narmi’s commitment to delivering innovative solutions that empower financial institutions to meet the evolving challenges of digital banking in today’s dynamic financial landscape.