Regulatory Reporting Software for Banks
Fully automate your bank’s regulatory reporting process
Maintaining compliance with regulatory reporting requirements is a formidable challenge in the banking industry. As financial transactions become increasingly global and digital, banks face heightened pressure to ensure their reporting is precise, timely, and in line with constantly changing regulations.
Regulatory reporting for banks transcends a mere compliance obligation; it is a pivotal element of financial integrity and stability.
Seamlessly integrating with your existing systems, Alessa’s regulatory reporting solution delivers real-time insights and automates the entire reporting process. With Alessa, banks are empowered to:
- Automate the creation and submission of reports to regulatory authorities
- Remain abreast of regulatory changes across various jurisdictions
- Minimize the risk of non-compliance penalties with accurate and timely reporting
Why Banks Choose Alessa for Regulatory Reporting
Full Automation of Reporting Processes
Moving from manual to automated reporting can save your team hours each week. With Alessa, your regulatory reports (SARs, CTRs, STRs and LCTRs) can be auto-populated, validated, and electronically submitted across multiple jurisdictions.
Automation of Workflows with Intuitive Dashboards for Easier Investigations
With a highly configurable workflow module, Alessa facilitates collaborative case management and investigation. Plus, Alessa allows your investigators to search the repository of alerts, cases, comments, etc., for related information to include in the current investigation.
Dashboard and Audit Trails
Alessa tracks all alert actions. With this capability, Alessa can provide extensive reports that enable the effectiveness of the screening process and accompanying investigations to be assessed.
Scale with Ease
As your organization grows, Alessa’s compliance solutions scale effortlessly, helping you manage increased reporting requirements. Powered by machine learning, Alessa continuously adapts and grows to identify increasingly complex business-specific patterns as more data is processed.
Ongoing Support and Expertise
With Alessa, benefit from continuous expert guidance and ongoing support. Our Support Team helps to ensure your AML program remains robust and compliant.
Regulatory Reporting Software: Filing Done in Minutes
Regulatory reporting can be the most time-consuming task you have, but it’s also one of the most important. With Alessa, your bank’s reports are automatically filled, validated and filed in minutes – saving you hours of manual entry and ensuring less rejected reports.
Industries We Serve
Integrated AML Compliance Software for Banks
Our regulatory reporting software is just one module in the Alessa AML platform for banks. It is powerful on its own, but when used in collaboration with our other modules, it provides a complete end-to-end AML solution for the banking industry.
Our various software solutions for banks include:
AML Compliance & Fraud Management for Banks
A complete AML compliance solution for banks on one integrated platform. Alessa provides seamless compliance functionality – from the first red flag to the final regulatory report.
A 360° View of
Client Risk
Alessa provides a comprehensive risk profile with daily updates, crucial for compliance professionals managing diverse customer types, activities and/or a large number of customers.
Identity Verification and KYC Compliance
Verify identities in real-time during onboarding, and conduct periodic and ongoing CDD for KYC and KYB processes. Alessa helps you to make informed decisions during and after onboarding, backed by reliable identity data and comprehensive sanctions intelligence.
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.
Configurable Risk Scoring
Every firm has a different risk appetite. Alessa offers a fully customizable risk model to support your unique customer due diligence and KYC requirements.
Transaction Monitoring
With the high volume of transactions in the banking sector, it is vital to have a powerful transaction monitoring system in place that provides timely insights. Alessa allows your organization to conduct real-time, periodic and event-based transaction monitoring and screening based on your organization’s needs.
Enhanced Due Diligence (EDD)
Alessa’s enhanced due diligence software allows you to order enhanced due diligence reports directly from the application and delivers them in one-third of the time for one-third of the average industry price.
AML Case Management
Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for your business.
Schedule a Free Demo
Create a more comprehensive client profile for better risk management with Alessa.
Book your complimentary demo of our regulatory reporting software for banks 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
Alessa