Effective Identity Verification and KYC Software Solution for MSBs

Identity Verification and KYC for MSBs

Enhance MSB KYC Compliance with an
Advanced Identity Verification Solution

For Money Services Businesses (MSBs), navigating the complex landscape of compliance while ensuring fast and secure customer onboarding and monitoring is a critical challenge. At the heart of this challenge is the need for effective identity verification processes. 

Alessa’s identity verification solution for MSBs is specifically designed to meet the unique needs of MSBs. It seamlessly integrates with your organization’s existing systems to provide real-time insights and access to premier third-party data and risk intelligence and proprietary data sources. With Alessa, MSBs can:


  • Quickly perform comprehensive Know Your Customer (KYC) checks
  • Adapt and scale solutions in response to business growth and evolving regulations
  • Minimize the risk of financial crimes through detailed due diligence in real-time


By leveraging Alessa, MSBs can significantly expedite onboarding while improving the efficacy of their identity verification processes, ensuring they meet regulatory compliance without jeopardizing customer experience.

You Need Quick, Effective Identity Verification for Your MSB

Why MSBs Choose Alessa for Identity Verification and KYC Compliance Efforts

Simplified AML Regulatory Compliance

Our identity verification solution for MSBs gives your organization peace of mind that you are adhering to industry-specific AML compliance requirements regarding client onboarding, and client retention. This includes compliance with the Bank Secrecy Act (BSA), the Customer Due Diligence (CDD) Final Rule, the USA PATRIOT Act, and KYC regulations. 

Seamless Integration With Onboarding Systems

Our platform integrates smoothly with your onboarding and sign-up systems, enhancing data access for comprehensive risk assessment. With Alessa, easily import relevant PII data points (name, date of birth, SSN, addresses, etc.) to ensure your business utilizes up-to-date, accurate data. 

Accelerate Client Onboarding With Real-Time Identity Verification

Alessa ensures MSBs meet compliance without disrupting customer service, verifying identities instantly. Our solution allows you to meet your compliance requirements, without sacrificing the client experience or reducing conversion rates. Find the perfect balance between client experience, and compliance risk mitigation.

Automation of Tedious Processes

Manually completing identity verification is time-consuming and puts your business at risk. Automating your identity verification process removes the element of human error, helps to ensure your organization is not taking money from bad actors and allows your compliance team to focus on tasks that require their critical expertise. 

Verify Client Identities On-Demand and Conduct Ongoing and Periodic CDD

Alessa supports ongoing and periodic CDD efforts for KYC compliance to best inform your compliance team about existing client relationships. Additionally, if needed, conduct on demand identity verification. 

Ongoing Support and Expertise

With Alessa, benefit from continuous expert guidance and ongoing support. Our Support Team helps to ensure your MSB’s AML program remains robust and compliant.

Simplify Identity Verification:
The Power of KYC/KYB Tools

Alessa integrates with your MSB’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 MSBs

Identity Verification and KYC is one solution in Alessa’s integrated AML platform. It is powerful on its own, but when used in collaboration with our sanctions screening, transaction monitoring, risk scoring, case management, and regulatory reporting solutions, you’ll benefit from:

MSB AML Compliance in a
Single Platform

A complete AML compliance solution for MSBs 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

Alessa offers a holistic risk profile of clients, crucial for MSBs to navigate complex regulatory landscapes, providing your compliance team with daily updates on client risk.

Transaction Monitoring

Alessa's real-time, periodic and event-based transaction monitoring and screening detects unusual MSB transactions, allowing you to stay ahead of bad actors and mitigate potential compliance risks.

Watchlist, PEP & Sanctions Screening

Alessa safeguards MSBs from reputational damage by screening against global watchlists efficiently. Our modern screening solution allows you to only pay for the data you utilize, while drastically reducing your false positives with our proprietary PEP scoring model.

Custom Risk Scoring

Customizable risk scoring models in Alessa empower MSBs to prioritize and manage client risks effectively based on your risk appetite and your unique CDD and KYC requirements.

Automated Regulatory Reporting

Automated, accurate reporting by Alessa ensures MSBs meet regulatory demands with confidence and ease. Alessa auto-populates, validates, and submits regulatory reports, including reports for FinCEN, FINTRAC, and numerous other regulatory environments.

Enhanced Due Diligence (EDD)

A solution that streamlines EDD reporting. With Alessa, order EDD reports directly from the application, receiving them in ⅓ of the time at ⅓ of the average industry price.

Case Management

Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for MSBs.

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 MSBs today.

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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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