AML Compliance Software for Community Banks
Protect your business and community
A scalable and cost-reducing AML solution that increases the efficiency and accuracy of small to mid-size community banks’ compliance processes.
Implement our full AML suite for a comprehensive solution covering all areas of compliance, or pick and choose AML modules based on your current compliance needs.
Why Community Banks Choose Alessa for AML Compliance
Batch, Real-Time and Event-Based Transaction Monitoring for Banking Clients
Monitoring every type of transaction (i.e. deposits, wires, checks, virtual currency transactions), Alessa offers you a holistic view of your data to help identify suspicious activities. Monitoring can be done in real-time, periodically or on demand.
Avoid Risky Clients With Sanctions Screening Designed for the Banking Industry
Slash your data costs by up to 40%. Screen individuals and businesses against the lists you need (PEPs, negative news, OFAC, etc.) and reduce false positives. Our partnerships with data providers allow us to provide cost-effective screening data allowing you to only pay for the data you need.
Automated Regulatory Reporting
With Alessa, all of your regulatory reports (CTRs, SARs, LCTRs and STRs) can be auto-populated, validated, and electronically submitted across multiple jurisdictions. Our solution allows you to meet regulatory requirements with ease and accuracy.
AML Risk Scoring of Banking Clients
Develop a risk scoring model that matches your establishment’s risk tolerance, so you have a complete picture of each of your clients. With a strong industry-specific foundation, further configure risk scoring factors if needed with a configurable solution.
A 360° View of Each Client
Monitoring and analyzing client data and events, Alessa can pinpoint the clients who have surpassed your organization’s risk threshold, and tell you why their risk score changed. Our 360 daily insights simplify your investigative and reporting processes.
Validate Customer Identity in Real-Time with Identity Verification & KYC for Banks
Know who you are doing business with within minutes. Alessa’s AML compliance software integrates with your onboarding system to verify identities in real-time to provide updated risk profiles and scores.
Simplified AML Case Management
Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for compliance personnel.
Schedule a Free Demo
See how Alessa can help your financial institution automate and simplify your compliance processes.
Book your complimentary demo of our AML Software for community banks today. Schedule a demo before January 2025 and you’ll be entered into a draw for a $500 donation to a community charity of your choice.
Latest Insights
Navigating False Positives and the Future of Transaction Monitoring
False positives in transaction monitoring overwhelm compliance teams and frustrate customers. Improve outcomes by enhancing data quality, using risk-based methods, and applying AI to reduce alerts and boost efficiency.
Understanding Healthcare Fraud: A Growing Challenge
Healthcare fraud is rising fast, costing billions and eroding trust. Learn how to detect, prevent, and fight back with smarter compliance strategies.
The Importance of Renewing Sanctions and PEP Contracts
Renewing sanctions and PEP contracts is key to avoiding fines, managing risk, and staying compliant in a shifting regulatory environment.
Alessa