Fintech Compliance Solutions

Modular and scalable FinTech compliance software solutions for money laundering and terrorist financing detection and prevention.

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Solutions for FinTech AML regulations

a fintech office

According to a study by the Financial Conduct Authority, FinTechs are in the top three groups whose bank accounts are closed most frequently because they are viewed as a high risk for money laundering and terrorist financing.

Alessa provides tools for FinTech compliance with anti-money laundering (AML) regulations in order to maintain their relationships with banks.

Our Fintech compliance software provides a modular solution that addresses all aspects of AML compliance, with the ability to scale to current and future operations. Alessa is an easy way to meet the requirements of regulators, with core features that include:

  • Real-time due diligence for quicker onboarding
  • FinTech transaction monitoring and screening in real-time
  • Sanctions screening
  • Automated regulatory reporting
  • Analytics, dashboards, workflows, case management

 

Features & Benefits

Alessa Alessa

Modular Solution

Use to meet current and future needs so you can focus on your business

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Due Diligence

Use during onboarding for identity verification and FinTech sanctions screening to reduce risks

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Transaction Screening

Monitor all transactions to intercept suspicious activities for investigation

Alessa Alessa

Regulatory Reporting

Automate creation, validation and e-filing of SARs, CTRs, STRs for many jurisdictions

Alessa Alessa

Risk Scoring

Configurable assessment of risks based on customer profile, products and activity

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Investigation Tools

Easy workflows and case management tools that engage everyone in compliance

handshake during customer onboarding

Quicker onboarding with fewer hassles

Alessa integrates with onboarding systems, risk intelligence data and identity verification solutions, allowing you to quickly meet FinTech customer due diligence requirements – all in one application, expediting your onboarding process.

 

Get a true picture of risks

Our FinTech compliance solution uses OFAC, politically exposed persons (PEPs), sanctions and internal lists, to provide a realistic assessment of the potential risks associated with an entity.

The solution also periodically reviews an organization’s existing customer base and updates their risk level based on their activity as well as data from third-party lists.

 

fintech employees conducting transaction monitoring

Review every transaction in real-time

Get a holistic view of customer activities with FinTech transaction monitoring capabilities, generating alerts for suspicious activities with the highest risk.

Alerts are sent to the appropriate personnel for investigation and tracked using the case management system.

 

Leverage technology advancements

Use rules-based analytics with anomaly detection and predictive analytics using methods such as clustering, data/text mining, machine learning and network analysis, to detect suspicious activity sooner and more accurately.

 

a fintech regulatory reporting professional

Self-learning system that grows as you do

Configure Alessa to learn how alerts have been transitioned in the past and reapply those decisions to future alerts. This highly configurable feature reduces the workload on compliance staff and the number of repetitive decisions, streamlining your FinTech compliance program.

 

Reduce time spent on regulators

Automated  regulatory reporting where currency transaction reports (CTRs), suspicious activity reports (SARs) and suspicious transaction reports (STRs) are generated and validated, reduces time spent filling out forms and correcting errors.

Alessa can also e-file and confirm receipt for multiple jurisdictions.

 

RELEVANT SOLUTIONS

AML Compliance

Alessa integrates with existing systems to detect suspicious activities, automate processes, reduce false-positives, decrease repetitive tasks and engage the entire organization in a culture of compliance.

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Sanctions Screening

Screen individuals and entities with Alessa in real-time during on-boarding, periodically or in batches.

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Transaction Monitoring

Screen transactions in real time, periodically or by specific events.

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