AML Risk Soring for Lending & Finance Firms
Intelligence-led, business-specific customer risk scoring for lending and finance firms
In the competitive and fast-paced world of lending and finance, businesses are constantly navigating the tightrope between risk and opportunity. At the core of this balancing act is the indispensable process of risk scoring.
Risk scoring for lending and finance businesses is not just a regulatory formality; it’s a strategic tool for informed decision-making.
Alessa’s risk scoring solution is meticulously designed to cater to the unique challenges and risk factors faced by lending and finance businesses. By integrating seamlessly with existing systems, Alessa provides real-time insights that empower these 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 Lending and Finance Firms Trust Alessa for Risk Scoring
Configurable Risk Scoring Models
Your business has unique organizational risk tolerances, and as a result, should have business-specific risk scoring factors. 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 360° View Dashboard notifies you of clients whose risk scores have surpassed your organization’s risk threshold in the last 24 hours.
Reduced Manual Risk Assessments
Many compliance teams lack the resources for comprehensive manual customer risk investigations necessary for lending and finance firms. Manual risk assessments are expensive, slow, and often inconsistent., and can create outdated, inaccurate risk scores, even in high-risk scenarios.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
Comprehensive risk scoring for growing businesses requires modern solutions. Alessa risk scoring scales seamlessly as your customer base and transaction volumes grow. Our cloud-based solution is designed to accommodate businesses of all sizes. With Alessa, your AML infrastructure is always a step ahead, facilitating strategic growth while maintaining high-risk assessment and compliance standards.
Data Integration for Better Scoring
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 Lending and Financing
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 Solutions for Lending and Financing
With Alessa’s AML Risk Scoring Solution, lending and finance firms can streamline their risk scoring processes, enhancing their ability to detect and mitigate financial crimes swiftly. The Alessa platform advocates a risk-based compliance approach, streamlining the compliance process with automation, minimizing false positives, and keeping your compliance team informed about high-risk entities. This comprehensive approach allows lending and finance firms 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 modules include:
Integrated AML Compliance Software for Lending & Finance Firms
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. 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 lending and finance firms today.
Latest Insights
FinCEN’s New Real Estate and Investment Adviser Rules
Explore FinCEN’s latest regulations on real estate and investment advisers, focusing on compliance, transparency, and the impact on the financial industry.
Navigating New AML Regulations
View a webinar playback discussing best practices for navigating new anti-money laundering (AML) regulations for financial compliance.
The KYC Onboarding Process: A Guide for Compliance Professionals
Learn the key steps for KYC onboarding, from verifying identities to monitoring customer transactions. Find out how to stay compliant and minimize risks in financial services.
5 Best Practices to Maintain FCA Compliance
Learn five best practices to ensure FCA compliance and boost trust and stability in financial markets.
FINRA Rule 2090 and 2111: A Comprehensive Guide
Learn about FINRA Rules 2090 and 2111, which require firms to know their customers (KYC) and make suitable investment recommendations.
FINRA Compliance: A Guide for Financial Firms
Learn about key FINRA rules, AML best practices, and the importance of compliance for financial firms in this comprehensive guide.
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
