Identity Verification
and KYC for Banks
Fast, efficient and accurate identity verification
and KYC compliance processes for banks
Banks are required to verify account holders’ identities during onboarding and periodically throughout the account’s life. ID verification is essential for know your customer (KYC) and anti-money laundering (AML) regulatory compliance, risk mitigation, and fraud prevention. Your prospective clients expect fast, seamless, digital onboarding. They won’t wait for slow, manual checks.
You need a fast, reliable, and efficient identity verification solution designed
for banks.
Alessa’s real-time IDV software integrates seamlessly with your existing systems, creating streamlined user experiences with accurate verification and intelligence gathering using comprehensive public and proprietary data sources.
Trust Alessa to simplify your identity verification processes, enhance your compliance efforts, and grow your business.
Seamless Identity Verification and KYC Compliance for the Banking Industry
Simplify AML Regulatory Compliance
Alessa offers swift, accurate identity verification to meet AML compliance requirements, including the BSA and the Customer Due Diligence (CDD) Final Rule, the USA PATRIOT Act, and KYC regulations. With Alessa, simplify your KYC and CDD compliance processes, reduce risk, and instill customer trust.
Accelerate Client Onboarding
Alessa’s instant identity checks streamline client onboarding, reducing drop-offs and lifting conversion rates. Real-time identity verification helps banks find the perfect balance between client experience and effective compliance risk mitigation.
Verify Client Identities On-Demand and Conduct Ongoing and Periodic CDD
In addition to real-time verification, Alessa supports ongoing and periodic CDD efforts for KYC compliance. As client risk profiles evolve, our solution ensures you can make risk-aware, data-driven decisions about existing client relationships.
Mitigate Risk With Confidence
We check an exhaustive range of public and proprietary data sources to provide accurate identity verification and risk assessments in seconds so you can efficiently and effectively complete onboarding.
Eliminate Time-Consuming Manual Processes
Manual identity verification is slow and labor-intensive, as well as susceptible to human error. Alessa automatically verifies identities and checks key data sources, reducing the need for time-consuming manual reviews. When manual intervention is necessary, you’ll have the data to make swift, accurate decisions.
Integrate Alessa With Your Onboarding Systems
Our identification verification solution is designed to work with your onboarding and customer sign-up systems. With Alessa, easily import relevant PII data points (name, date of birth, SSN, addresses, etc.) to ensure accurate identity verification of your bank’s clients and effective KYC compliance.
Simplify Identity Verification:
The Power of KYC/KYB Tools
Alessa integrates with your bank’s onboarding system to verify identities in real time which means you can complete due diligence in minutes, validate customers faster and protect your organization.
Industries We Serve
A Modular AML Compliance Solution for Banks
Identity Verification and KYC is one module in Alessa’s integrated AML platform. Our various software solutions for the banking industry include:
Bank AML Compliance in a
Single Platform
A complete AML compliance solution for the banking industry on one integrated platform. Alessa provides you with seamless compliance functionality – from the first red flag to the final regulatory report.
A 360° View of
Each Client
Our integrated solutions offer a holistic view of client information and activities, with daily updates on client risk. Alessa makes suspicious activity easier to identify, investigate, and resolve.
Transaction Monitoring
Alessa offers real-time, periodic and event-based transaction monitoring and screening to help you stay ahead of bad actors and changing regulations.
Watchlist, PEP & Sanctions Screening
Implement a modern screening solution. With Alessa, pay only for the screening data you utilize, and reduce false positives with our proprietary PEP Scoring Model.
Custom Risk Scoring
Every financial institution has a different risk appetite. Alessa offers a fully customizable risk model to support your unique customer due diligence and KYC requirements.
EDD Reports
Alessa’s enhanced due diligence software allows you to order reports directly from the application and delivers them in one-third of the time for one-third of the average industry price.
Automated Regulatory Reporting
Cut the time your bank’s compliance teams spend on regulatory reporting. Alessa auto-populates, validates, and submits regulatory reports, including reports for FinCEN, FINTRAC, and numerous other regulatory environments.
Case Management
Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for banks.
Schedule a Free Demo
Create a more comprehensive client profile for better risk management with Alessa.
Book your complimentary demo of our CID and KYC solution for banks today.
Latest Insights
AML False Positive Reduction: A Comprehensive Checklist
Discover practical tips to effectively reduce AML false positives. Streamline your processes and enhance compliance. Read the comprehensive checklist now!
Securities Fraud Prevention
Discover essential strategies to effectively prevent securities fraud. Learn practical steps to protect your investments and ensure compliance.
Key Trends Shaping AML Compliance Strategies for 2025
View a webinar playback of an in-depth discussion of AML compliance trends in 2025. This webinar delves into the topics uncovered in our recent trends report.
AML Compliance Trends in 2025: Key Insights and Industry Shifts
An in-depth whitepaper delving into 2025 AML compliance trends, uncovered by surveys and interviews with industry experts and professionals.
New Brazilian AML Regulations for the Gaming Industry
Discover Brazil’s new AML regulation for gaming, key requirements, and how operators can ensure compliance and thrive in this growing market.
Enhanced Due Diligence Requirements: What You Need to Know
Discover best practices for enhanced due diligence to ensure compliance and mitigate risks. Read the article for practical insights and strategies.
Excellent tool for fraud prevention and risk management
I have worked with Alessa for years because of how useful it is to thoroughly analyze transactions and identify suspicious operations
– Jane Doe, Company ABC
Alessa