FinTech sanctions screening software in use

FinTech Watchlist, PEP and Sanctions Screening Software

Discover a modern way to screen

Which Screening Solution is Best for Your Business?

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don’t currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.

Basic Screening

On Demand, Up to 10K Unique Names, Standard Audit Report

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.

Standard Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in

We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.

Integrated Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in Watchlists/Sanctions data in API or Datafile formats

Which Screening Solution is Best for Your FinTech?

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don't currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.

Basic Screening

On Demand, Up to 10K Unique Names, Standard Audit Report
Learn More
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.

Standard Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in
Learn More
We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.

Integrated Screening

On Demand, in real-time, Batch, PEP Scoring,
AI insights from Screening History, EDD plug-in
Watchlists/Sanctions data in API or Datafile formats
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that need a low cost, highly reliable solution for typing in the names of people and companies to look for possible Sanctions, Watchlist or PEP risk.

 

Learn More

Perform between 100 – 10,000 unique name searches annually.

 

You will also have a screening audit report to record all your searches.

 

Learn More

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that need a low cost, highly reliable solution that helps screen new applicants during onboarding, and continually monitors existing clients for Sanctions, Watchlist and PEP exposure.

 

Learn More

Provides a configurable workflow to help aggressively reduce false positives. Comes with our proprietary PEP Scoring module, so that your PEP-related false positives are reduced by at least 50%.

 

Learn More

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that screen a high volume of clients, partners and vendors for Sanctions, Watchlist and PEP exposure. In addition, you may also screen payments and transactions for Sanctions exposure.

 

Learn More

Provides daily Sanctions/Watchlist/PEP feed via datafile or API delivery method, to be ingested into your current screening platform.

 

  • Can include Alessa’s proprietary PEP Scoring module, to reduce PEP-related false positives by at least 50%

 

Learn More

In the dynamic world of financial technology, FinTech companies must navigate the complexities of quickly onboarding and managing clients with constantly changing watchlists, sanctions and politically exposed person (PEP) lists.

 

You need a sanctions screening solution that helps you ensure compliance without jeopardizing client experience.

 

Alessa’s sanctions screening solution is tailored for the unique needs of FinTechs, integrating effortlessly with existing systems to deliver real-time insights. This enables your business to:

  • Avoid risky relationships while saving money on your screening data costs
  • Reduce false positives with our new PEP scoring model
  • Leverage Screening Intelligence Dashboards to proactively identify efficiency gains

Why FinTechs Choose Alessa for Sanctions Screening

Access to the Latest Global Sanctions, Watchlists and PEP Lists

Alessa utilizes global sanctions lists, PEP lists, adverse media, watchlists and your internal lists to ensure your screening program is populated with the latest, most accurate data. Powered by RZOLUT, our sanctions data is updated daily to ensure screening is always performed against the latest sanctions. Alessa’s broad coverage and timely updates give FinTech’s assurance that they are not inadvertently conducting business with risky entities.

Robust PEP Screening Features

Alessa makes it easy to identify domestic and foreign PEPs who may expose your organization to an elevated risk of bribery, corruption or money laundering. Our matching engine uses sophisticated algorithms and machine learning to analyze matches in context. Alessa’s PEP screening is fully integrated with our sanctions screening solution helping to easily ensure a complete view of customer risk.

Proprietary PEP Scoring Model to Reduce False Positives

Our proprietary PEP Scoring Model categorizes, and scores matches, allowing you to focus on high-risk PEPs. Medium and low risk PEPs can be auto-resolved or placed in a workflow for your manual review. On average, Alessa reduces your PEP-related workload by as much as 50% each day. With less time wasted on false positives, you can spend the time you need to thoroughly review and decisively act on high risk individuals and other areas of compliance.

Real-Time and Periodic Screening Capablities

With Alessa, entities can be screened in three ways: real-time, periodic or on-demand. Real-time sanctions screening is ideal for onboarding and transaction verification processes that require an immediate response. Periodic screening allows FinTechs to screen or re-screen any number of customers on a schedule or in response to changing information. Your compliance team can also run on-demand screening whenever necessary.

Reduced Sanctions and PEP Data Costs

With Alessa, pay only for the screening data you use. We won’t charge your FinTech to check bundled sanctions lists that aren’t relevant to your screening needs. We provide a targeted, cost-effective screening solution that saves your organization up to 40% compared to other screening data providers.

Ongoing Support and Expertise

With Alessa, your team will benefit from continuous expert guidance and ongoing support. Our Support Team and RegTech experts helps to ensure your FinTech’s AML program remains robust and compliant.

Insightful Watchlist and Sanctions Screening Software for the FinTech Industry

Alessa uses current sanction lists, OFAC, law enforcement, PEPs, adverse media, crypto, and your own internal high-risk lists to provide expansive insights into the risks associated with any customer or entity.

How Does Our PEP Scoring Work?

It’s simple.

 

Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.

 

Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.

It’s simple.

 

Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.

 

Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.

How Are PEP Risk Scores Calculated?

Our proprietary scoring model analyzes:

Your Annual Savings

PEP Analysis

Alessa re-analyzes and places a risk score on all PEP records every night.

PEP Score

After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.

Auto-Resolve

Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.

Review

Review non auto-resolved PEPs that have been identified to pose high risk to your business.

PEP Analysis

Alessa re-analyzes and places a risk score on all PEP records every night.

PEP Score

After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.

Auto-Resolve

Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.

Review

Review non auto-resolved PEPs that have been identified to pose high risk to your business.

Industries We Serve

Schedule a Free Demo

Learn how Alessa can help you avoid risky relationships.

 

Book your complimentary demo and see our FinTech sanctions and watchlist screening solution in action.

Choose a Solution That Best Fits Your Screening Needs

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don't currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.

Basic Screening

On Demand, Up to 10K Unique Names, Standard Audit Report
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that need a low cost, highly reliable solution for typing in the names of people and companies to look for possible Sanctions, Watchlist or PEP risk.

 

Learn More

Perform between 100 – 10,000 unique name searches annually.

You will also have a screening audit report to record all your searches.

 

Learn More

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.

Standard Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that need a low cost, highly reliable solution that helps screen new applicants during onboarding, and continually monitors existing clients for Sanctions, Watchlist and PEP exposure.

 

Learn More

Provides a configurable workflow to help aggressively reduce false positives. Comes with our proprietary PEP Scoring module, so that your PEP-related false positives are reduced by at least 50%.

 

Learn More

We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.

Integrated Screening

On Demand, in real-time, Batch, PEP Scoring,
AI insights from Screening History, EDD plug-in
Watchlists/Sanctions data in API or Datafile formats
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

For companies that screen a high volume of clients, partners and vendors for Sanctions, Watchlist and PEP exposure. In addition, you may also screen payments and transactions for Sanctions exposure.

 

Learn More

Provides daily Sanctions/Watchlist/PEP feed via datafile or API delivery method, to be ingested into your current screening platform.

 

  • Can include Alessa’s proprietary PEP Scoring module, to reduce PEP-related false positives by at least 50%

 

Learn More

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don’t currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.

Basic Screening

On Demand, Up to 10K Unique Names, Standard Audit Report

We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.

Standard Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in

We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.

Integrated Screening

On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in Watchlists/Sanctions data in API or Datafile formats

An Integrated AML Compliance Solution for FinTechs

With Alessa’s Watchlist, Sanctions and PEP Screening Solution, you can enhance your screening processes, ensuring you operate within legal boundaries and uphold a trustworthy financial environment for users. Alessa’s integrated AML platform not only simplifies compliance but also fortifies your operations against the threats of financial crime. Our additional compliance solutions include:

Modular AML Compliance Software for FinTechs

A complete AML compliance solution for FinTechs 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 offers a holistic risk profile of clients, crucial for navigating complex regulatory landscapes and reducing fraud, providing your compliance team with daily updates on client risk.

Identity Verification & KYC Compliance

Alessa integrates with your onboarding system to verify identities in real time which means you can complete due diligence in minutes, validate customers faster and protect your organization.

Transaction Monitoring

With the high volume of transactions in the FinTech 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.

Custom Risk Scoring

Customizable risk scoring models in Alessa empower your business to prioritize and manage client risks effectively based on your risk appetite and your unique customer due diligence and Know Your Customer requirements.

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

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

Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for FinTechs.

Latest Insights

AML geographic risk

Assessing AML Geographic Risk

Learn more about a methodology used by financial institutions on how to interpret an AML country risk rating assessment.

The NS-CMIC List

NS-CMIC List: An Overview

Learn about the NS-CMIC List, the U.S. sanctions targeting Chinese military-industrial complex companies, and the compliance obligations for U.S. persons.

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

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