Once upon a time, identity verification meant checking a name, an address, and maybe pulling a credit file. But today, identity fraud is a business - and a fast-moving one.
Modern fraudsters aren’t just stealing credentials. They’re creating entirely new ones. With generative AI, stolen data, and a growing black market for synthetic identities, fraud has become more scalable than ever before. And for credit unions trying to strike the right balance between convenience and caution, the question is no longer whether to evolve, but how fast.
That’s where smart identity verification - and Clutch’s ecosystem-powered fraud management comes in.
Identity Is Dynamic. Your Defenses Should Be Too.
Traditional IDV methods often rely on static checks: name, date of birth, social security number. But static data can be faked. In fact, most fraud attacks today use information that appears real at first glance.
That’s why Clutch uses dynamic fraud orchestration - powered by our integration with Alloy, to evaluate risk across the entire origination journey, not just when applications are submitted.
Device intelligence tells us whether an application is coming from a known, trusted device, or a burner phone used in dozens of recent fraud attempts.
Behavioral signals spot bot attacks before they reach your LOS.
Third-party data orchestration pulls from over 200 data sources to match identity attributes and score risk in real time.
Automation Without the Blind Spots
Fraud prevention shouldn't slow down your good members. That’s why up to 93% of IDV decisions are fully automated within our workflow - triggering only "step-up" verifications when necessary. That might mean asking for a selfie or a document upload, all handled seamlessly and in-session, without sending the member off to wait in limbo.
This balance between speed and security is why over 700 financial institutions and fintechs already trust the underlying platform we’ve integrated into Clutch.
From Risk Detection to Continuous Risk Intelligence
One of the most powerful shifts in modern fraud prevention is the move from single-point checks to ongoing risk assessment.
With Clutch and Alloy:
You can stay on top of member risk signals not just at application, but throughout the lifecycle.
Your team gains real-time insights into fraud attempts across devices and channels.
You can build and optimize policies to reflect the unique patterns of your credit union’s applicant base.
Better yet, all of it can be configured in partnership with fraud experts - no guesswork required.
Fraud Losses Are Costly. Smarter IDV Pays for Itself.
According to our partner’s benchmarks:
For every $1 spent using Alloy’s orchestration platform, institutions see $5 in fraud savings
Manual reviews drop by 26%, on average
Auto-decisioning climbs to 86%, on average
That means fewer resources spent on false positives, more time for real members, and a significantly lower chance of fraud slipping through.
Final Thought: Trust Is the Currency of Growth
Every step of a member’s onboarding experience is an opportunity to earn (or lose) trust. That’s why we believe identity verification should never be an afterthought. It should be a strategic layer in your origination stack, built for scale, speed, and smarter decisions.
At Clutch, we’re proud to offer a best-in-class, AI-powered fraud solution that works behind the scenes - so your members can move forward with confidence, and your teams can focus on what matters most.
Want to see how modern fraud prevention fits into your digital origination strategy?
Reach out to sales@withclutch.com for a deeper look.