Enterprise-wide controls that analyze data from any source and use advanced analytics to detect anomalies, breakdowns and fraud. >
Proactively prevent illicit activities
The risk of fraud is prevalent in every organization. To respond to growing threats and reduce the impact of illegal activities, businesses must have a complete and real-time view of customers and their activities.
The fraud detection and prevention capabilities offered by Alessa provide enterprise-wide controls that analyze data from any source, simplify data management, and use advanced analytics to detect anomalies, breakdowns and fraud.
Detect illicit activities in procurement, payroll, accounts receivable and accounts payable, insurance claims and more.
How Alessa reduces fraud in your organization
Know who you are doing business with and whether you should do business with them
Monitor all transactions and actively block suspicious activities for investigation
To detect complex fraud schemes across departments and systems
Realistic assessment of risks based on entity profile and activity that is configurable
Quickly evaluate program performance and identify sources of revenue leakage
Configurable workflows and case management tools for investigations and remediation
Effective fraud programs must have continuous monitoring of transactions in order to quickly detect suspicious activity. Alessa allows organizations to screen all clients and transactions in real time and generates risk scores to help make decisions about what needs further investigation.
Know your customers and vendors
Because it’s important to know exactly who you are doing business with, Alessa offers rigorous sanctions screening against internal and external, third-party sanctions lists. Whether ad-hoc, periodically or in real-time, organizations can choose to screen at the beginning of the relationship and periodically to ensure that there are no new risks.
Don’t get caught in a scandal
Alessa is your best defense against bribery, corruption and other illicit activities by providing a complete view of your data and applying advanced analytics so you can uncover suspicious activities and patterns before they cause damage.
Keep finance under control
Finance, including payroll, accounts payable and accounts receivable are areas that are vulnerable to errors, fraud and theft. Alessa protects your business by reviewing and screening transactions to ensure that they comply with policies and reduce the risk of improper payments and segregation of duties violations.
Fraud a growing risk for credit unions
Despite all of the reported internal controls and training, according to a survey, fraudulent credit and debit card use was the most common culprit of fraud at credit unions.Read why
Rules-based vs. advanced analytics – Do you have to choose?
Should rules-based testing be completely abandoned (or become their poor second cousin) in favor of artificial intelligence, predictive analytics and machine learning?Read why you need both
Silos are a killer when battling financial crimes
Technology is often viewed as a silver bullet to compliance challenges, but people on the frontline and investigators are just as important.Learn how to work together
Ready to learn about how Alessa can help your organization?
Get in touch to learn about how we can improve the performance of your fraud prevention program