Grasshopper Bank Selects Alessa for AML compliance

Monday 13 July 2020 11:14 CET | News

Grasshopper Bank has selected Alessa for anti-money laundering compliance in the Microsoft Azure cloud.

Alessa was selected to meet Grasshopper Bank’s KYC, customer identification program (CIP), sanctions and watch list screening, transaction monitoring and regulatory reporting obligations of its anti-money laundering (AML) compliance program.

Grasshopper Bank is a nationally chartered digital commercial bank for the innovation economy, supporting entrepreneurs, their companies, and the venture capital companies. According to PRWeb, the bank was looking for a comprehensive, cloud-based AML solution that could offer identity verification, sanctions and watch lists screening, transaction monitoring and SAR/CTR reporting to FinCEN.

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Keywords: Grasshopper Bank, banks, Alessa, AML, anti-money laundering, Microsoft Azure, cloud, KYC, customer identification program, CIP, transactions , SAR/CTR, FinCEN
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech