Velocity FSS, formerly known as the Alacer Group, offers a comprehensive suite of financial crime prevention solutions designed to help financial institutions comply with regulations and combat illicit activities.
- FinCEN Establishes New Whistleblower Rewards for Anti Money Laundering
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- French AMF Sanctions Kerdiz Finance for Compliance Failures
- When Banks Say No: Where Do High-Risk Clients Actually Go?
- Australia Implements Stricter Public Register To Combat Crypto Laundering
- AUSTRAC Orders MHITS Limited to Appoint Auditor Over Compliance Gaps
- Sumsub and ComplyAdvantage Strategic AML Partnership Enhances Screening
- DBS Hong Kong Enhances SME Compliance via AI Verification Technology
- Novobanco Partners with Feedzai to Modernize AML Defenses in 2026
- High Risk Education Launches Fintech Training Center for Compliance
- The 2026 State of AML Vendor Consolidation
- UiPath Acquires WorkFusion to Boost Financial Crime Compliance AI
- Profitus Selects AMLYZE for Scalable Compliance and AML Automation
- ThetaRay Software Enhances Money Laundering Investigation Accuracy and Speed
The Solutions Velocity FSS Provides
Velocity FSS delivers a range of modules to address various aspects of financial crime:
- Sanctions & List Screening: Screens against major sanction regimes and internal lists to identify high-risk entities.
- Customer Due Diligence & Risk Rating: Facilitates end-to-end due diligence with integrated onboarding workflows.
- AML Transaction Monitoring: Detects, alerts, scores, and reports suspicious transactions to regulatory authorities.
- Fraud Detection: Employs adaptive AI for fraud investigation, case monitoring, and management.
- Case Management & Reporting: Provides real-time views on case progress, productivity, and quality, with e-filing capabilities to multiple jurisdictions.
- FinCEN 314a Compliance: Manages the 314a process with dedicated workflows.
- Cannabis and Crypto Monitoring: Identifies and monitors transactions related to the cannabis industry and cryptocurrency activities.
- Entity and Country Resolution: Connects and resolves data points at scale to reveal real-world connections.
- FATCA Compliance: Aggregates and updates FATCA-relevant information with integrated IRS electronic reporting.
The Type of Customers Velocity FSS Works With
Velocity FSS caters to a diverse clientele within the financial sector, including:
- Retail Banking: Protecting customer trust and securing operations with advanced financial crime detection.
- Correspondent Banking: Ensuring smooth international transactions and compliance.
- Banking as a Service (BaaS): Strengthening platform security and compliance for service providers.
- Fintech Companies: Supporting growth with AI-driven financial crime prevention tools.
- Money Transfer & Payments: Securing every transaction to maintain service trustworthiness.
- Pension Funds and Investment Firms: Safeguarding assets and ensuring compliance with regulations.
- Insurance Providers: Enhancing services by protecting against fraudulent activities.
- Casino/Gaming Industry: Minimizing financial crime risks within gaming operations.
What Sets Velocity FSS Apart
Several factors distinguish Velocity FSS in the realm of financial crime prevention:
- Comprehensive Coverage: An end-to-end solution encompassing all facets of financial crime mitigation.
- Advanced Technology: Utilization of AI, machine learning, and big data for accurate and efficient detection.
- Scalability: Proven capability to handle millions of transactions, accommodating institutions of varying sizes.
- Quick Deployment: Robust delivery methods ensure timely and budget-friendly project implementation.
- Domain Expertise: Development and implementation guided by global compliance and AML experts.
- Cost Efficiency: Feature-rich systems and support delivered in a cost-effective manner.
By integrating cutting-edge technology with deep industry knowledge, Velocity FSS provides financial institutions with the tools necessary to combat financial crime effectively and maintain regulatory compliance.
Features
AI Agents
Automated Entity Data Collection
Automatic UBO Collection
Blockchain / Crypto Forensics
Client Lifecycle Management
Client Portal
Credit Scoring
CRM Integration
Crypto Regulatory Classification
Custom Policies
Customizable Transaction Monitoring Rules Engine
Data Provider
Dashboard & KPIs
Development Toolkit
Document Processing
Email Integration
Federated Learning
IBAN Check
Identity and Verification (ID&V)
KYC-Sharing Network
No-Code Configuration
OCR
Offboarding
Onboarding
On Premise
Payment Screening
Private Cloud
Public Cloud
Perpetual KYC (pKYC)
Preconfigured Policies
Product Provisioning
Regulatory Outlook
Relationship Management
Reporting
RESTful APIs
Risk Scoring
Screening
Straight-Through Processing (STP)
SMS Integration
Task Delegation
Task Lists
Transaction Monitoring
Transaction Monitoring AI
Workflows
How to get in touch
Website URL
