Transaction Monitoring Software for Lending and Finance Firms
Real-time insights into lending and financing transactions
The frequent, high-value transactions that occur in lending and finance firms’ day-to-day operations make the industry highly susceptible to fraud and non-compliance breaches. One way to prevent and detect fraud and ensure compliance is to implement a robust, real-time transaction monitoring solution.
Alessa’s transaction monitoring solution for lending and finance firms allows companies to safeguard themselves and their clients from fraud and non-compliance penalties.
Alessa offers an in-depth analysis of transactional data. By integrating with existing systems, Alessa provides compliance teams with the ability to:
- Identify and investigate suspicious transaction patterns and potential fraud in real-time, periodically or in batches
- Streamline the generation and management of reports and alerts for suspicious activities
- Stay ahead of evolving regulatory requirements with a flexible platform that easily scales as your business grows
Why Lending and Finance Firms Trust Alessa for Transaction Monitoring
Real-Time, Periodic or Event-Based Results
Our solution provides results in various time frames, based on your compliance needs. Monitor all types of transactions in real-time, periodically or with event-based monitoring.
Powered by Machine Learning and Rules-Based Analtyics
Alessa uses configurable machine learning and rules-based advanced analytics to help you detect suspicious transactions that are out of character or exceed your organization’s risk tolerance.
Powerful Real-Time Transaction Screening
Alessa analyzes all entities involved in a transaction (wires, SWIFT, Interac, ACH, CHAPS, etc.) and screens them against infraction lists to determine if one or more parties are a match. This process takes place in real-time, allowing for interdiction if necessary.
Scale with Ease
As your organization grows, Alessa’s compliance solutions scale effortlessly, helping you manage higher transaction volumes. Powered by machine learning, Alessa continuously adapts and grows to identify increasingly complex business-specific patterns as more data is processed.
Workflows and Case Management for Flagged Transactions
With a highly configurable workflow module, Alessa facilitates collaborative case management and investigation. Plus, Alessa allows your investigators to search your repository of alerts, cases, comments, etc., for related information to include in current investigations.
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.
Monitor for Suspicious Transactions in Real-Time
Our AML transaction monitoring provides lending and finance firms with instant results and faster decision-making capabilities. Alessa provides immediate insight into suspicious activity for accurate transaction monitoring leading to fewer false positives.
Industries We Serve
Integrated AML Compliance and Fraud Management Software for Lending and Finance Firms
Our transaction monitoring software is just one module in the Alessa AML platform for lending and finance firms. Our platform not only automates and simplifies the transaction monitoring process but also adapts to the evolving regulatory landscape, ensuring that your business remains compliant, gets notified of indicators of fraud and your operations run smoothly.
Our various AML and fraud management software solutions include:
AML Compliance & Fraud Management for Lending & Finance 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 firm has a different risk appetite. Alessa offers a fully customizable risk model to support your unique customer due diligence and KYC requirements.
Automated Regulatory Reporting
Cut the time your compliance team spends on regulatory reporting. Alessa auto-populates, validates, and submits regulatory reports, including reports for FinCEN, FINTRAC, and numerous other regulatory environments.
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 transaction monitoring software for lending and finance firms 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