Case Study: Coast achieves 5-minute credit underwriting with Alloy

Coast revolutionizes credit underwriting for the fleet industry

Coast, a fintech company serving the fleet industry, wanted to make credit card onboarding and underwriting fast and intuitive from day one. To do that, the company needed a single end-to-end solution to handle KYC, KYB, fraud checks, compliance reporting, and credit underwriting for its fleet card, so it turned to Alloy and its identity decisioning platform.

With Alloy, Coast built a complex onboarding and credit decisioning workflow in about three months and gained the flexibility to update credit policies in minutes instead of weeks. The result: Coast can decision applications in 5 minutes or less, has automated 90% of customer onboarding, and reduced applications requiring manual review to 30%, helping it dramatically cut processing time and scale more efficiently.

Coast

Phil Brosgol

Director of Product Management