Fintech Compliance Solutions
Modular and scalable FinTech compliance software solutions for money laundering and terrorist financing detection and prevention.
Modular and scalable FinTech compliance software solutions for money laundering and terrorist financing detection and prevention.
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:
Use to meet current and future needs so you can focus on your business
Use during onboarding for identity verification and FinTech sanctions screening to reduce risks
Monitor all transactions to intercept suspicious activities for investigation
Automate creation, validation and e-filing of SARs, CTRs, STRs for many jurisdictions
Configurable assessment of risks based on customer profile, products and activity
Easy workflows and case management tools that engage everyone in compliance
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.
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.
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.
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.
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.
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.
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.
Screen individuals and entities with Alessa in real-time during on-boarding, periodically or in batches.
Screen transactions in real time, periodically or by specific events.