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Vitesse selects Alessa by Tier1 Financial Solutions for secure real-time global transactions

Source: Alessa by Tier1 Financial Solutions

Alessa by Tier1 Financial Solutions, a leading provider of client relationship management (“CRM”), AML compliance and fraud prevention solutions, has been selected by Vitesse, a FCA and European (DNB) regulated provider of seamless international payments and innovative treasury management solutions.

Vitesse will be using Alessa, together with Refinitiv’s World-Check, for its real-time customer and transaction screening and monitoring services. As a payments provider that works with a network of globally distributed settlement banks, Vitesse chose Alessa for its flexibility and operational efficiency including quick API response times, automation, and ability to consolidate its customer and transaction workflows.

“Vitesse is rapidly expanding its global footprint, building one of the largest domestic banking and payments networks in the world,” said Andy Gregson, Risk, Legal & Compliance Director of Vitesse. “Alessa will play an important role in helping us deliver efficient payments services to our clients, which include some of the largest insurers in the world, while ensuring we remain compliant with the evolving global regulatory landscape and industry best practice.”

“As innovators, we pride ourselves on connecting with like-minded technology pioneers like Vitesse,” said Andrew Simpson, Chief Operating Officer of Alessa. “We want to help the leaders of the financial services industry create a safer, more secure digital environment for its participants. This collaboration is a great example of the ability to drive innovation while ensuring compliance is not compromised.”

Following Tier1’s recent acquisition of Alessa, the Company is expanding its network to enable a wider user-base to identify suspicious activities and high-risk entities in compliance, finance, purchasing and procurement programs.

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