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AML Software Solutions for Banks in Brunei Darussalam
As banks in Brunei Darussalam navigate the complex landscape of anti-money laundering (AML) compliance, they face numerous challenges. With thousands of transactions taking place daily, both traditional and digital, managing false positives, changing regulations, and keeping up with ever-evolving risk profiles can be overwhelming.
However, there is hope. Alessa’s integrated AML banking solution offers a risk-based approach to compliance, simplifying the process and providing powerful real-time data collection and automation across all areas of compliance. By automating time-consuming tasks, decreasing false positives, and providing daily updates on risky relationships, Alessa can help ease the burden of compliance from red flag to final regulatory report.
Why Compliance Professionals Prefer Alessa’s AML Banking Solution
One Integrated Platform
Alessa provides a complete AML compliance banking solution on one integrated platform, offering seamless compliance functionality from first red flag to final regulatory report.
Expedited Results Through Automation
By streamlining AML tasks and processing, Alessa allows businesses to automate any part or all of their compliance processes in a single platform.
Accelerate Onboarding
With real-time sanctions and watchlist screening, identity verification capabilities, and automated client risk assessment, Alessa enables banks to quickly onboard new customers while adhering to AML banking requirements.
Get a Daily Update of Client Risk
Alessa provides daily updates on client risk, highlighting clients whose risk scores have surpassed the organization’s risk threshold in the last 24 hours.
360° View of Each Client
Alessa offers a comprehensive view of client information and activities, making suspicious activity easier to investigate and resolve.
Reduced False Positives
Alessa uses machine learning and rules-based advanced analytics to minimize false positives, giving banks more time to further investigate and report suspicious activity.
Meets Unique Needs
Alessa’s AML banking solution is geared towards the unique needs of the banking sector, helping institutions meet regulatory requirements while ensuring compliance with industry best practices.
Access to World-Class Partners
Alessa’s partnerships provide access to advanced and cost-effective solutions for detecting, preventing, and investigating potential money laundering and fraud.
Alessa’s Integrated Bank Compliance Software Allows Your Organization To
Detect Suspicious Patterns With Transaction Monitoring
Monitor every type of transaction in real-time, periodically, or on demand with Alessa’s holistic view of data.
Risk Scoring You Control
Develop a risk scoring model that matches your institution’s risk tolerance and gain a complete picture of each client with Alessa’s ID verification and risk intelligence capabilities.
Enhance Collaboration With Case Management
Alessa offers automated case management, allowing teams to collaborate more effectively and resolve issues faster while promoting a culture of compliance across the organization.
Automate Regulatory Reporting
Alessa auto-populates, validates, and electronically submits regulatory reports (CTRs, SARs, LCTRs, and STRs) across multiple jurisdictions, saving time and reducing errors.
Case Study
Vitesse, a rapidly expanding banking and payments network, relies on Alessa to ensure efficient payment services while maintaining compliance with global regulations. “Alessa will play an important role in helping us deliver efficient payments services to our clients while ensuring we remain compliant with the evolving global regulatory landscape and industry best practices,” said Andy Gregson, Risk, Legal & Compliance Director of Vitesse.
Book Your Complimentary Demo
See how Alessa can simplify and automate your compliance processes. Book a complimentary demo today and discover how our AML software for banks can help you stay ahead of the curve in Brunei Darussalam.