FintechSourced

Case Study: Ramp improves fraud detection efficiency 75% and cuts application review time 25% with Alloy

Ramp Case StudySourced & dated by Case Study Desk

Key facts · TL;DR

Company

Ramp

Industry

Fintech

Challenge

Standing up compliant KYB/KYC from day one

Headline result

75% improvement in fraud detection efficiency

Key results

75%

Improvement in fraud detection efficiency

25%

Reduction in application review time

90%+

Of manual-review applications resolved

The challenge

Ramp, a fast-growing corporate card and spend-management fintech, needed compliant KYB and KYC processes from day one but lacked the internal bandwidth to build and manage them while optimizing its risk tolerance.

The solution

Ramp used Alloy Onboarding to automate KYB and KYC verification, letting its Risk Operations team focus on the tradeoff between risk and return rather than manual identity checks.

“Alloy automates part of our underwriting process so our Risk Operations team can spend their time figuring out this tradeoff between risk and return.”
JW
Jacob Wallenberg
Risk Operations, Ramp

The results, in context

With Alloy, Ramp improved fraud detection efficiency by 75% and reduced application review time by 25%. Over 90% of applications sent to manual review are now resolved.

Products used

Alloy Alloy Onboarding (KYB/KYC automation)