Belarus Banks Eye Alessa’s Integrated AML Solution for Simplified Compliance
As Belarusian banks navigate thousands of daily transactions, both traditional and digital, anti-money laundering (AML) compliance can become a daunting task. With changing regulations and hundreds or even thousands of false positives, the challenge of compliance can quickly overwhelm financial institutions.
The Need for Simplified AML Compliance
Alessa’s integrated platform simplifies AML compliance by introducing powerful real-time data collection and automation into all areas of compliance. The end-to-end solution automates time-consuming tasks, decreases false positives, provides daily updates on risky relationships, and keeps banks up to date with changing regulations.
Benefits of Alessa’s Integrated Platform
- Automates time-consuming tasks
- Decreases false positives
- Provides daily updates on risky relationships
- Keeps banks up to date with changing regulations
Comprehensive AML Solution
Compliance professionals in Belarus prefer Alessa’s AML banking solution due to its comprehensive nature, which includes one integrated platform for seamless compliance functionality from the first red flag to the final regulatory report. The solution also streamlines AML tasks and processing, allowing banks to automate any part or all of their compliance processes in a single platform.
Key Features
- Expedited results through automation
- Accelerated onboarding
- Daily updates on client risk
- 360-degree view of each client
- Reduced false positives
- Meeting unique industry needs
Access to World-Class Partners
Alessa’s solution provides access to world-class partners for detecting, preventing, and investigating potential money laundering and fraud.
Benefits for Belarusian Banks
Belarusian banks can benefit from Alessa’s integrated bank compliance software by:
- Detecting suspicious patterns with transaction monitoring
- Developing risk scoring models that match their organization’s risk tolerance
- Enhancing collaboration with case management
- Automating regulatory reporting
- And more!
Industry Recognition
Vitesse Risk, Legal & Compliance Director Andy Gregson notes, “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 practice.”
Learn More
To learn how Alessa can help your financial institution automate and simplify compliance processes, book a complimentary demo of their AML software for banks today.