Alloy has announced the launch of its pKYC product, designed to bring continuous compliance monitoring to financial institutions and FinTechs across the UK, Europe, and beyond.
The company said the new product responds to the shortcomings of traditional periodic KYC reviews, which can leave financial institutions vulnerable to fraud by only checking customers at set intervals. By combining scheduled reviews with real-time reactivity, Alloy aims to address regulatory pressures while also improving customer experience.
Alloy supports banks, FinTechs, and payments companies such as Flagstone, IG Group, and Liberis by helping them scale into new markets while maintaining robust defences against financial crime. Its platform enables businesses to automate fraud prevention, reduce friction during onboarding, and meet evolving compliance demands.
The new pKYC solution is powered by a dynamic customer risk assessment engine, which can re-run checks whenever suspicious activity occurs or a change is detected in personally identifiable information. By integrating first- and third-party data, Alloy’s product ensures a more responsive and adaptive approach to compliance.
The launch also extends Alloy’s partnerships with agentic AI firms Parcha and Greenlite, which provide automation for ongoing financial compliance, including customer reviews. The firm said the result is higher straight-through processing rates and greater capacity for compliance teams to act quickly at scale.
Additional features include electronic ID (eID) verification, which is gaining traction as EU regulators push for digital identity wallets. Alloy’s clients can now integrate eID authentication into their KYC workflows, unlocking access to markets where digital identity verification is becoming mandatory and offering a faster, simpler option for customers compared to manual checks.
Alloy highlighted recent findings from its 2025 State of UK Fraud Report, which revealed that 93% of UK FinTech leaders view regulatory penalties and reputational damage as the most serious risks associated with fraud. The report underlined the need for adaptive compliance solutions to meet per-country and per-product rules that shift as regulations evolve.
Flagstone chief compliance & risk officer Francesco Fulcoli said, “Across the industry, the fight against financial crime is shifting from periodic checks to continuous intelligence. Static, point-in-time KYC is giving way to dynamic monitoring, where customer behaviour is analysed in real time, and risk assessments evolve automatically. At Flagstone, we see AI and technology as the catalyst for this change: enabling financial institutions to detect anomalies earlier, respond faster, and reduce friction for genuine clients. This is the direction of travel for the market, smarter AML compliance that is always on, adaptive, and customer-centric.”
Alloy VP of global fintech and sponsor banking Jason Ioannides said, “For fintechs operating in Europe, meeting ambitious growth goals while staying compliant across multiple markets is a daily challenge. Implementing dynamic pKYC ensures that institutions aren’t just assessing risk at onboarding but also continuously throughout the customer lifecycle.”
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