Credit Unions Identity Verification and KYC Compliance Software Solution

Identity Verification
and KYC for Credit Unions

Ensure you know exactly who you conduct
business with

In today’s digital-first financial landscape, credit unions face the dual challenge of trying to expedite client onboarding while complying with complex anti-money laundering (AML) regulations. At the heart of these challenges lies the critical process of identity verification.

You need an identity verification solution that supports regulatory requirements and fosters a positive customer experience.

Alessa’s identity verification solution is specifically designed to meet the unique needs of credit unions, offering seamless integration with existing onboarding systems to provide real-time, actionable intelligence. Leveraging third-party data and risk intelligence from leading sources, Alessa empowers credit unions to:

 

  • Perform comprehensive Know Your Customer (KYC) and Know Your Business (KYB) checks
  • Adapt and scale solutions in line with business growth and changing regulatory landscapes
  • Minimize financial crime risks through detailed customer due diligence

Why Credit Unions Trust Alessa for Identity Verification and KYC Compliance

Accelerate Onboarding With Real-Time Identity Verification

Alessa ensures credit unions validate member identities instantly, enhancing trust and compliance processes.

Seamless Integration With Existing Onboarding Systems

Our platform integrates smoothly with most credit union onboarding systems for efficient, comprehensive data access.

Ongoing Monitoring for CDD and KYC Efforts

Alessa provides both ongoing and periodic risk-based monitoring of client relationships, notifying you of substantive changes to original CDD information, and helping ensure you remain compliant with KYC requirements.

Automate Tedious Processes

Keeping your credit union compliant with AML regulations is challenging. Alessa allows you to automate tedious processes of identity verification, allowing your compliance team to focus on more critical and analytical aspects of compliance.

Ongoing Support and Expertise

We are committed to providing continuous expert guidance and ongoing support to all of our clients.

Simplify Identity Verification:
The Power of KYC/KYB Tools

Alessa integrates with your credit union’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 Credit Unions

Interested in improving more than just your identity verification and KYC processes? At Alessa we provide a modular, integrated AML solution for credit unions. Our identity verification and KYC solution is powerful on its own, however when used in conjunction with our additional solutions, we can provide your business with streamlined end-to-end compliance. Our solutions include:.

AML Compliance for Credit Unions in a
Single Platform

A complete AML compliance solution for credit unions on one integrated platform. Alessa offers seamless compliance functionality – from the first red flag to the final regulatory report.

A 360° View of
Each Client

Alessa offers a holistic risk perspective of clients, crucial for credit unions to understand and manage member profiles effectively.

Transaction Monitoring

Our platform detects unusual transactional activities, providing credit unions with insights to prevent potential financial crimes.

Watchlist, PEP & Sanctions Screening

Alessa's comprehensive screening helps to protects credit unions from engaging with high-risk individuals and entities. With Alessa, you only pay only for the screening data you utilize, and you can reduce false positives with our proprietary PEP Scoring Model.

Custom Risk Scoring

Customizable risk scoring by Alessa enables credit unions to accurately assess and manage member risks.

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.

Enhanced Due Diligence (EDD)

Alessa equips credit unions with detailed background checks, fortifying member trust and regulatory adherence.

Case Management

Alessa simplifies case resolution, enhancing credit unions' ability to address compliance issues efficiently throughout the investigative process.

Schedule a
Free Demo

Create a more comprehensive client profile for better risk management with Alessa.

 

Book your complimentary demo of our IDV, CID and KYC solution for credit unions today.

Latest Insights

AML False Positive Rate Analysis

How to Reduce AML False Positives

Learn how to reduce AML false positives in your compliance programs and streamline your screening procedures to increase efficiency.

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

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