Regulatory Reporting Software for Payments
Automate your business's regulatory reporting
Payment companies face the challenge of securely managing numerous transactions while complying with a growing array of regulatory demands. Accurate and timely regulatory reporting is essential for an effective payments compliance program, ensuring proper adherence to anti-money laundering (AML) requirements. Without proper solutions, regulatory reporting for payments can be both time-consuming and complex. However, with the right tools and strategies, it’s possible to streamline these processes, ensuring compliance without compromising on efficiency.
Your business needs a solution that automates all aspects of the regulatory reporting process.
Alessa’s regulatory reporting solution is specifically designed for the unique needs of payment companies, offering seamless integration with existing systems to create and file comprehensive, fully automated reports. By automating the reporting process, Alessa enables businesses to:
- Automate the creation and submission of reports to regulatory bodies reducing manual efforts and risk of error
- Automatically adapt to new and evolving regulatory requirements
- Easily manage and track the reporting process from creation to submission
Effectively Manage Regulatory Reporting Requirements for Various Jurisdictions
Alessa helps to make regulatory reporting manageable by automating 70-100% of these reports.
- Currency Transaction Reports
- Suspicious Activity Reports
- Form 8300
Large Cash Transaction Reports
Suspicious Transaction Reports
Casino Disbursement Reports
Large Virtual Currency Transaction Reports
Non-SWIFT Electronic Funds Transfer – Incoming
SWIFT Electronic Funds Transfer – Outgoing
SWIFT Electronic Funds Transfer – Incoming
Authorized Disclosure Reports
Suspicious Activity Reports
Suspicious Transaction Reports
Threshold Transaction Reports
- Suspicious Transaction Reports
- Suspicious Transaction Reports
- Currency Transaction Reports
- Suspicious Transaction Reports
- Suspicious Transaction Reports
- Currency Transaction Reports
Suspicious Transaction Reports
Forex Suspicious Transaction Reports
Forex Covered Transaction Reports
Covered Transaction Reports
Why Payments Trust 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
Alessa’s highly configurable workflow module streamlines collaborative case management and investigations. It also empowers investigators to search through a repository of alerts, cases, comments, and other related information to enhance ongoing investigations.
Dashboard and Audit Trails
Alessa records all actions taken in response to an alert, enabling the generation of comprehensive reports. These reports provide valuable insights into the effectiveness of the screening process and related investigations.
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
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 business’s reports are automatically filled, validated and filed in minutes – saving you hours of manual entry and ensuring fewer rejected reports.
Industries We Serve
Integrated AML Compliance and Fraud Management Software for Payments
Our regulatory reporting software is just one module in the Alessa AML compliance and fraud management platform. It is powerful on its own, but when used in collaboration with our other modules, it can provide a complete end-to-end AML solution for the payments industry.
Our various software solutions include:
AML Compliance & Fraud Management for Payment Firms
A complete AML compliance and fraud management solution 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 organization has a different risk appetite. Alessa offers a fully customizable risk model to support your unique customer due diligence and KYC requirements.
Transaction Monitoring
It is vital for payment firms 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 payments establishments today.
Latest Insights
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.
What Is a Money Laundering Reporting Officer (MLRO)?
Learn the top 10 factors that AML compliance professionals should be scoring to ensure they have a complete picture of client risk.
The Benefits of Continuous Controls Monitoring
Learn the top 10 factors that AML compliance professionals should be scoring to ensure they have a complete picture of client risk.
Transaction Monitoring Rules: 4 Best Practices for AML Professionals
Discover 4 best practices for AML professionals to optimize transaction monitoring rules, improve detection accuracy, and ensure compliance.
Identifying Real Estate Money Laundering Red Flags
Learn the real estate money laundering red flags compliance professionals should watch out for to protect their business and ensure compliance.
Top 10 Anti-Money Laundering Risk Scoring Factors Across All Industries
Learn the top 10 factors that AML compliance professionals should be scoring to ensure they have a complete picture of client risk.
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