AML Risk Scoring for Banks
Intelligence-led, business-specific customer risk scoring for the banking industry
Do you know the compliance risks each of your bank customers represent? How quickly would you find out if their risk profile had changed? Risk management is impossible without a complete and continuous examination of customer risk.
Alessa’s risk scoring software for banks provides accurate, up-to-date customer risk scores based on comprehensive intelligence and analysis, looking at industry and business-specific factors.
Our risk-scoring model analyzes data from internal and external sources, producing a combined score to guide compliance and risk management activity. Risk scores are updated daily as customer behavior and status change. And, since every bank is different, you can customize our model with risk factors and weights specific to your needs.
Why Banks Choose Alessa for Risk Scoring
Implement Custom Risk Scoring Models
Every bank has unique customer risk profiles and organizational risk tolerances. A standard customer risk model may not provide the most accurate assessments. Our configurable risk scoring model provides a robust foundation of standard risk factors, while also allowing you to change factors and include additional factors, rules, and weights customized to your business environment.
Gain a 360° View of Client Risk
Pair our risk scoring capabilities with our 360° View of Client Risk Dashboard to receive automatic daily updates of significant changes to client risk levels. Alessa notifies you of clients whose risk scores have surpassed your organization’s risk threshold in the last 24 hours.
Reduce Manual Risk Assessments
Manual risk assessments are expensive, slow, and often inconsistent and many banks lack the resources for comprehensive manual customer risk investigations, so scores and assessments are often outdated, even in high-risk scenarios. Automated risk scoring gives your bank’s compliance team the information they need at a glance, freeing them to give high-risk customers their full attention.
Scale Risk Management with Ease
Alessa risk scoring scales seamlessly as your customer base and transaction volume grow. Our cloud-based solution is designed to accommodate banks of all sizes. With Alessa, your risk management infrastructure is always a step ahead, facilitating strategic growth while maintaining high-risk assessment and compliance standards.
Data Integration for Better Scoring
Alessa uses data from various sources, including sanctions lists and transaction monitoring results, to provide an assessment of the risks of doing business with an individual or business. You can configure how Alessa analyzes and applies that data to determine a customer’s risk level, based on your specific business needs.
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.
AML Risk Scoring Software Configured for Banks
Risk scoring with Alessa is simple. Configure the risk factors, weights, scores, and aggregates based on your organization’s specific needs, and be alerted when a client surpasses your risk threshold.
Industries We Serve
An Integrated AML Solution for Banks
Alessa’s AML risk scoring module equips banks with the tools to gain a full understanding of customer risk ratings. Alessa’s complete AML solution for banks strengthens all areas of compliance, streamlining your compliance team’s ability to perform effective screenings, manage alerts efficiently, uphold the trust of their customers and regulatory bodies and more.
Our various AML modules for banks include:
Bank AML Compliance in a Single Platform
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
Each Client
Alessa provides a comprehensive risk profile with daily updates, crucial for banks managing diverse client activities annd/or a large number of clients.
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 about new relationships 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.
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.
Automated Regulatory Reporting
Automated, accurate reporting by Alessa ensures your organization meets 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
Alessa provides highly automated workflows to streamline investigations and ensure collaboration across the team and organization.
Schedule a Free Demo
Create a more comprehensive client profile for better risk management with Alessa.
Book your complimentary demo of our AML Risk Scoring Solution 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