Modulr partners with Alloy to strengthen compliance and onboarding

By Parth Prabhudesai

Modulr has partnered with Alloy to strengthen onboarding and compliance processes across its international operations as the payments FinTech expands into new markets.

Under the agreement, Modulr will integrate Alloy’s identity verification and risk assessment technology into its Risk & Compliance Hub, which supports onboarding, fraud prevention and customer protection across the business lifecycle.

The partnership will allow Modulr to run Know Your Customer (KYC) and Know Your Business (KYB) checks through a single decisioning layer, helping the company streamline onboarding while maintaining stronger controls around financial crime and compliance.

Alloy’s platform consolidates data from multiple verification and intelligence providers into one workflow. This enables lower-risk customers to move through onboarding more quickly, while higher-risk cases can be escalated for further human review.

The collaboration comes as FinTechs and payment providers face growing pressure to balance fast digital onboarding with increasingly complex compliance requirements across different jurisdictions.

Modulr said the technology will allow it to adapt compliance policies by market, add new data sources when needed and maintain audit trails and case management capabilities for oversight purposes.

Founded as a payments automation provider, Modulr processes more than 200 million transactions annually and handles over GBP £180 billion in annualised payment volume for more than 6,000 businesses across sectors including payroll, travel, supplier payments and lending.

Ben Taylor, Chief Operating Officer at Modulr, said the partnership is intended to improve onboarding while keeping risk controls in place.

“Alloy helps us remove unnecessary friction from onboarding while keeping our teams firmly in control of the decisions that matter,” Taylor said.

For Alloy, the deal strengthens its position in the UK and European FinTech market, where demand for automated compliance and fraud prevention tools continues to grow.

Parilee Wang, Chief Operating Officer and Chief Product Officer at Alloy, said both companies are focused on balancing customer experience with compliance requirements as digital financial services continue to expand globally.