Alessa Recognized by RegTech100 for AML Compliance and Continuous Controls Risk Management
TORONTO and NEW YORK, December 7, 2021 – Alessa, a leading provider of AML compliance and fraud prevention solutions, has been named in the 2022 RegTech100, which was revealed on Tuesday, December 7.
The annual RegTech100 list recognizes the world’s most innovative RegTech companies for financial institutions, including the next generation of solution providers shaping the future of compliance, risk management, information security and financial crime prevention.
“With ongoing regulatory reform and changes to AML and fraud prevention legislation, it can be incredibly challenging for financial institutions to stay ahead and in full compliance,” said Andrew Simpson, Chief Operating Officer of Alessa. “We’re thrilled to be a part of this year’s RegTech100, as it shows our commitment and desire to deliver a comprehensive AML compliance and continuous controls risk management solution that seamlessly makes fraud prevention and compliance part of day-to-day business activities.”
Alessa solves a diverse range of compliance, controls monitoring and fraud prevention challenges through its real-time due diligence, sanctions and watchlist screening, transaction monitoring and screening, automated regulatory reporting, workflows and case management capabilities. As a result, organizations can make informed decisions, automatically create an auditable trail, comply with regulations and protect revenues.
Earlier this year, Alessa was named to the 2021 CyberTech100 list and was the winner of a Bronze Stevie® Award in the Governance, Risk & Compliance Solution category at the Annual American Business Awards. To learn more about the benefits of continuous controls monitoring, view our recent article on the differences between continuous monitoring vs. continuous auditing.