AML Risk Soring for Crypto
Intelligence-led, business-specific customer risk scoring for crypto and virtual currencies
In the rapidly evolving world of cryptocurrency, businesses are at the cutting edge of financial innovation but also face unparalleled challenges in managing and mitigating risks. The inherent volatility of digital currencies, coupled with the intricacies of blockchain transactions, necessitates a sophisticated and nuanced approach to client risk scoring.
A risk scoring solution built for crypto allows you to gain a full understanding of your clients and their potential fraud and AML risks, with the flexibility to change risk factors quickly, allowing you to adapt to frequent regulatory changes.
Alessa’s risk scoring solution, specifically designed for the distinct challenges crypto businesses face, offers a sophisticated platform that seamlessly integrates with existing systems to provide real-time, actionable intelligence. Utilizing advanced analytics and drawing from extensive data sources, Alessa equips crypto businesses to:
- Accurately assess the risk profile of each customer
- Implement dynamic risk-based monitoring to detect and prevent fraud
- Stay ahead of regulatory changes and keep up with business growth with an adaptable and scalable solution
Why Crypto Businesses Trust Alessa for Risk Scoring
Configurable Risk Scoring Models
Crypto businesses have unique organizational risk tolerances and rapidly changing and evolving regulatory requirements. As a result, you need business-specific risk scoring factors that adapt to regulatory updates. Alessa’s 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 best suited to your business environment.
A 360° View of Client Risk
Pairing our risk scoring solution with our 360° View of Client Risk and Risk Level Change Dashboards provides your compliance team with automatic daily updates of significant changes to client risk levels. Alessa’s Risk Level Change Dashboard notifies you of clients whose risk scores have surpassed your organization’s risk threshold in the last 24 hours, while the 360 dashboard highlights why the risk score has changed.
Reduced Manual Risk Assessments
Manual risk assessments are expensive, slow, and often inconsistent and many crypto businesses 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 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 volumes grow. Our cloud-based solution is designed to accommodate organizations 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
Risk scoring models are only as good as the quality of data they utilize. Pairing our risk scoring solution with other modules enhances your customer risk profiles. Alessa’s complete solution pulls risk data from various sources, including our sanctions screening and transaction monitoring modules, to provide a complete 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 Crypto Businesses
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
Integrated AML Compliance Software for Crypto
With Alessa’s AML Risk Scoring Solution, crypto businesses can enhance their risk scoring processes in effectiveness and efficiency. The Alessa AML platform as a whole, advocates a risk-based compliance approach, streamlining your compliance process with automation, minimizing false positives, and keeping your compliance team informed about high-risk entities.
This comprehensive approach allows compliance teams to fulfill their AML responsibilities while safeguarding their operations and their customers from the perils of financial crime, improving 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 solutions include:
Integrated AML Compliance Software for Crypto
A complete AML compliance solution 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 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 about new relationships backed by reliable identity data and comprehensive sanctions intelligence, expediting onboarding and decreasing the risk of conducting business with high risk individuals.
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
Implement our powerful transaction monitoring system for 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, even with the rapid developments in the crypto industry. 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.
AML 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 crypto bussineses 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
