Sonovate, a leading provider of embedded finance and payment solutions for the contingent workforce, has announced its integration of Alloy’s identity risk management platform to strengthen fraud prevention. This move comes as financial crime in the UK reached £1.17 billion in 2023, with sophisticated threats emerging through technologies like generative AI.
Alloy’s platform will enable Sonovate to better protect its customers while supporting the company’s growth. Since its founding in 2014, Sonovate has funded nearly £6 billion in invoices, supporting 3,300 businesses globally. Alloy’s solution will allow Sonovate to confidently scale and combat rising fraud risks in the financial industry.
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