# Alessa > AML compliance and fraud management software for insurance companies and other regulated industries ## At a glance | Field | Value | | --- | --- | | Category | Compliance & Regulatory | | Type | Solutions Provider | | Region | NA | | Headquarters | Ottawa, Ontario, Canada | | Founded | 2006 | | Stage | Established | | Employees | 51-200 | | Funding | Acquired | ## Overview Alessa is an AML (Anti-Money Laundering) compliance and fraud management software provider serving insurance companies, banks, credit unions, fintechs, casinos, and money service businesses across 20+ countries. The company delivers a modular SaaS platform that covers the full compliance lifecycle -- from customer onboarding and identity verification through transaction monitoring, regulatory reporting, and case management. More than 180 organizations rely on Alessa to detect financial crime and meet regulatory requirements. The platform integrates into existing systems via API and can be deployed as an end-to-end compliance suite or as individual modules. For insurance clients, Alessa provides a dedicated compliance module with insurance-specific transaction monitoring for fund movements in and out of policies, AML risk scoring for underwriters, and automated generation of insurance-mandated regulatory filings. Founded in Ottawa in 2006 under the CaseWare RCM brand, the company rebranded to Alessa in 2019. It operated independently after spinning off from SS&C Technologies in 2021, and in June 2025 was acquired by Valsoft Corporation, a Montreal-based acquirer of vertical market software businesses. Alessa continues to operate as an independent entity under Valsoft. ## Products & services ### AML Compliance Suite An integrated platform covering the core regulatory compliance needs of financial institutions and insurance companies. **Key features:** - Identity verification and KYC with real\-time customer onboarding and integrations to existing systems - Watchlist, sanctions, and PEP screening against OFAC and other databases with real\-time and batch modes - Transaction monitoring to detect suspicious fund movements and insurance claims fraud scenarios - Regulatory reporting with automated generation of CTRs, SARs, LCTRs, STRs, and other filings for multiple jurisdictions - Risk scoring with adjustable risk factors for underwriters and compliance teams - Case management for investigating, documenting, and resolving suspicious activity *Target users:* Compliance teams at insurance carriers, banks, credit unions, fintechs, and other regulated entities ### Fraud Management Suite Tools for detecting and preventing financial crime beyond standard AML scenarios. **Key features:** - Account takeover fraud prevention - Continuous Controls Monitoring \(CCM\) for ongoing oversight of business processes - Procurement monitoring for fraud, collusion, and policy violations *Target users:* Compliance and fraud operations teams at financial institutions ### Insurance Compliance Module A dedicated module tailored to insurance regulatory requirements. **Key features:** - Transaction monitoring for fund movements in and out of insurance policies - AML risk scoring designed for insurance underwriters - Automated regulatory reporting for insurance\-specific filings - 360\-degree view of customer risk across all compliance activities *Target users:* Insurance carriers and their compliance officers ## Category & focus - Subcategories: AML/KYC, Transaction Monitoring, Regulatory Reporting, Fraud Detection - Insurance verticals: Life & Annuity, P&C Commercial, Specialty/E&S - Target customers: Carriers, MGAs/MGUs ## Notable customers - Athene \(insurance carrier\) - ABA Bank - Grasshopper Bank - Alloya Corporate Federal Credit Union - Pangea Money Transfer - Zero Hash - Vitesse - New York Racing Association ## Links - Website: - Directory profile: - Blog: - Careers: - Linkedin: - Press/news: --- *Last updated: 2026\-06\-11*