# Alloy Partners with Fiat Republic to Democratize Fraud-Free Crypto Trading and Simplify Fiat Access Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-11-03 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: Transforming Crypto Banking with Sustainable Fiat Access Meta Description: Unlock sustainable banking and payments rails, streamline user onboarding, and enhance payments operations with Alloy and Fiat Republic's groundbreaking URL: https://financedigest.com/alloy-partners-with-fiat-republic-to-democratize-fraud-free-crypto-trading-and-simplify-fiat-accesshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/alloy-partners-with-fiat-republic-to-democratize-fraud-free-crypto-trading-and-simplify-fiat-access-1736814924447-compressed.jpg) _This partnership offers crypto platforms sustainable access to banking and payments rails, simplified and quicker end user onboarding, and efficient payments operations_ **NEW YORK, November 2, 2022** — Alloy, the leading Identity Decisioning Platform and transaction monitoring solution for banks and fintech companies, today announced its partnership with [Fiat Republic](https://fiatrepublic.com/), the fiat-as-a-service platform democratizing access to banking infrastructure for crypto platforms. Over 300 companies use Alloy’s API-based platform to connect to more than 160 data sources, automate identity decisions during account origination, and monitor them on an ongoing basis. Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations by allowing them to find more good customers and bring them into their products without increasing their fraud risk. Alloy believes [crypto platforms](https://www.financedigest.com/meta-to-wind-down-nfts-on-platforms-amid-crypto-bust.html "Meta to wind down NFTs on platforms amid crypto bust") should take a risk-forward approach to risk and compliance, building crypto products with consumer safety and security in mind. With a strong focus on fraud, Alloy [empowers crypto companies to future-proof against shifting regulations](https://www.financedigest.com/uk-poised-to-ditch-plans-to-empower-tech-regulator-ft.html "UK poised to ditch plans to empower tech regulator – FT") and an increasingly complex legal landscape. While traditional financial products solve risk with friction, crypto platforms can forge a new path with financial products like Alloy, designed for transparency and efficiency, enabling safe [onboarding for the next billion Web3 users](https://www.financedigest.com/getting-started-with-user-onboarding-tools-in-2022.html "Getting Started with User Onboarding Tools in 2022"). Fiat Republic, a Web2.5™ [company](https://www.financedigest.com/steemit-announces-new-vp-of-marketing-to-take-the-company-from-crypto-to-consumer.html), was born to serve crypto native platforms, which, up until now, have had access to sub-par, slow, and expensive fiat rails (or no access at all). Fiat Republic believes that fiat access will [play a vital role](https://www.financedigest.com/why-the-bank-branch-still-has-a-role-to-play-for-consumers.html "Why the bank branch still has a role to play for consumers") in unlocking crypto to the masses. It’s essential to level up and harmonize compliance standards for crypto [platforms to unlock access to tier 1 banks](https://www.financedigest.com/banking-on-snow-automation-platform-for-success.html "Banking on Snow Automation Platform for Success"). This is [critical to delivering](https://www.financedigest.com/cloudstreet-and-goodmill-systems-partner-to-deliver-flawless-mobile-connectivity-and-coverage-for-critical-communications.html "Cloudstreet and Goodmill Systems Partner to Deliver Flawless Mobile Connectivity and Coverage for Critical Communications") better, more efficient, and sustainable fiat rails. With Alloy, Fiat Republic’s customers can [automate compliance](https://www.financedigest.com/red-box-recorders-launches-worlds-first-automated-audio-recording-compliance-verification-tool.html "RED BOX RECORDERS LAUNCHES WORLD’S FIRST  AUTOMATED AUDIO-RECORDING COMPLIANCE VERIFICATION TOOL") measures, transaction monitoring, and identity decisioning for their end users, ultimately unlocking better and faster fiat rails for crypto with reduced risk. Fiat Republic has built a fiat-as-a-service [platform that aggregates multiple banks](https://www.financedigest.com/de-surinaamsche-bank-expands-relationship-with-fiserv-to-upgrade-core-banking-platform-and-add-new-digital-banking-capabilities.html "De Surinaamsche Bank Expands Relationship with Fiserv to Upgrade Core Banking Platform and Add New Digital Banking Capabilities") across jurisdictions, including the UK, Europe, and the U.S, all [via a single API](https://www.financedigest.com/yolt-becomes-first-money-app-to-complete-the-integration-of-all-new-users-via-an-open-banking-api.html "Yolt becomes first money app to complete the integration of all new users via an Open Banking API"). With a strong focus on integrating into local payment schemes, Fiat Republic [empowers crypto platforms](https://www.financedigest.com/aon-empowers-cat-modellers-to-run-any-model-on-its-enhanced-elements-10-platform.html "AON EMPOWERS CAT MODELLERS TO RUN ANY MODEL ON ITS ENHANCED ELEMENTS 10 PLATFORM") to benefit from faster and cheaper payment rails for their users to deposit and withdraw funds. With a compliance-first data architecture, its [process delivers end-to-end visibility of money flows and radically simplifies payment](https://www.financedigest.com/are-your-payment-processes-in-cheque-for-the-new-legislation.html "ARE YOUR PAYMENT PROCESSES IN CHEQUE FOR THE NEW LEGISLATION?") operations. “In today’s regulatory environment, it can be challenging for fintechs to make the jump to crypto without fully understanding how to avoid regulatory repercussions,” said Charley Ma, General [Manager of Fintech](https://www.financedigest.com/fintech-and-compliance-managing-the-eternal-balancing-act.html "Fintech and compliance: Managing the eternal balancing act") at Alloy. “Fiat Republic shares our mission to make digital [finance accessible](https://www.financedigest.com/700000-employees-across-the-uk-have-access-to-fair-finance-will-reach-one-million-employees-in-2017.html "700,000 Employees Across The UK Have Access to Fair Finance, Will Reach One Million Employees in 2017") for everyone, and we look forward to strengthening their cohesive community with identity decisioning that enables crypto platforms to grow without fear of fraud.” “Crypto platforms desperately [need access](https://www.financedigest.com/55-of-uk-smes-unable-to-access-all-funding-needed-to-grow.html "55% of UK SMEs unable to access all funding needed to grow") to reliable banking rails, however they face a number of obstacles. Our vision is to transform fiat access for Web3, [delivering a single fiat API that aggregates banks](https://www.financedigest.com/cut-evidence-empower-how-technology-can-help-banks-deliver-on-cop27-commitments.html "Cut, evidence, empower: How technology can help banks deliver on COP27 commitments"), and provides sustainable access to local payment rails. The opportunity to partner with Alloy, who shares this DNA as a fellow aggregator, was one we’re really excited about,” said Adam Bialy, Founder and CEO at Fiat Republic. “We’re absolutely delighted to power Alloy’s crypto [customers with access to better banking](https://www.financedigest.com/christmas-debt-hangovers-how-banks-can-help-customers.html "CHRISTMAS DEBT HANGOVERS: HOW BANKS CAN HELP CUSTOMERS") for their treasury and end-user needs.” To learn more about Alloy, visit [https://www.alloy.com](https://www.alloy.com) **About Alloy** Alloy helps over 300 [banks and fintech](https://www.financedigest.com/fintech-v-the-banks-uneasy-bedfellows-or-a-match-made-in-heaven.html "FinTech v the Banks: Uneasy Bedfellows or a Match Made in Heaven?") companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and [backed by leading investors](https://www.financedigest.com/glencore-courts-120-teck-investors-for-bid-backing-as-spinoff-vote-looms-source.html "Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source") from Lightspeed Venture Partners, Bessemer Venture Partners, and Canapi Ventures, Alloy’s platform connects companies to more than 160 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud. Learn more at [https://www.alloy.com](https://www.alloy.com) **About Fiat Republic** Fiat Republic is an EMI-regulated, Fiat-as-a-Service platform that aggregates local fiat rails for crypto [platforms via a single API](https://www.financedigest.com/pelican-beta-api-interoperable-hub-platform-goes-live.html "Pelican beta API Interoperable Hub platform goes live"). Fiat Republic enables crypto platforms to easily embed fiat [payments](https://www.financedigest.com/leading-payment-platform-appoints-new-key-positions-to-help-with-growth.html "Leading Payment Platform Appoints New Key Positions to Help With Growth") into their platform to deliver frictionless pay-in and pay-outs for their users. Fiat Republic built a brand new category, Web2.5; the bridge between Web2 and Web3, which provides the connectivity tissue between banks and crypto platforms needed to [accelerate global crypto adoption](https://www.financedigest.com/venom-foundation-and-hub71-partner-to-accelerate-growth-and-adoption-of-blockchain-technologies-from-abu-dhabi.html "Venom Foundation and Hub71 Partner to Accelerate Growth and Adoption of Blockchain Technologies from Abu Dhabi"). Learn more at [https://fiatrepublic.com/](https://fiatrepublic.com/). **Press Contacts** Ben Heath – MVPR [ben@mvpr.io](mailto:ben@mvpr.io) --- This blog is powered by Superblog. 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