Alexis by Regxsa

Alexis, developed by Regxsa, is a software solution designed to reduce ongoing ML/TF (Money Laundering/Terrorist Financing) risks for Financial Institutions. According to the vendor, this solution is specifically tailored for professionals in the banking industry, including ML/TF Investigators, Compliance Officers, Risk Managers, and Financial Crime Analysts. Alexis aims to break investigation silos, enhance capabilities, and bring awareness to ML/TF risks, providing Financial Institutions with tools to manage their risk management processes effectively.

Key Features

Connects Investigators: According to the vendor, Alexis connects ML/TF investigators, allowing them to share expertise and product features across connected clients. This collaborative platform aims to enhance the capabilities of investigators and offers a scalable environment for regular enhancements.

Offers ML/TF Risk Overview: Alexis provides a holistic overview of ML/TF risks, according to the vendor. It monitors recent fines imposed on other institutions and tracks exposed ML/TF schemes outside, enabling proactive monitoring and decision-making for Financial Institutions.

Brings Awareness: Alexis assists in identifying vulnerabilities in the portfolio, facilitating periodic assessment and tracking of vulnerabilities, according to the vendor. This feature allows Financial Institutions to address potential issues before regulatory assessments and provides information on exposure to regulatory fines.

Periodically Enhanced: According to the vendor, Alexis is continuously enhanced to meet the evolving needs of Financial Institutions. It incorporates relevant regulatory fines into the platform and adopts best practices from connected Financial Institutions, ensuring continuous improvement and evolution of features.

Features Delivered Automatically: Alexis periodically enriches its Library with investigation best practices, providing the latest ML/TF fines and known schemes, according to the vendor. It allows connected clients to choose features that suit their specific needs, creating a marketplace of features for investigators to enhance their capabilities.

Empowers Investigators: According to the vendor, Alexis empowers investigators with a rich Alexis Library of features, granting access to investigation best practices and the latest ML/TF fines and schemes. Investigators can select features based on their requirements, enabling them to tailor their investigations effectively.

Gains Control: Alexis highlights the latest trends and regulatory fines on the portfolio, according to the vendor. It enables continuous monitoring of risk progression over time and allows for comparison and assessment of risk with different modules, giving Financial Institutions greater control over their ML/TF risks.

Regular ML/TF Updates: Alexis publishes regular ML/TF updates from around the world, providing information on regulatory fines and news, according to the vendor. This feature supports the fight against financial crimes and keeps Financial Institutions informed of the latest developments.

Building Collaboration: Alexis fosters collaboration among the ML/TF investigator community, according to the vendor. It connects investigators, shares expertise and best practices, and enhances capabilities across connected clients, facilitating a united effort in fighting financial crimes.

Continuous Improvement: According to the vendor, Alexis periodically enriches its Library with new features, incorporating expertise from Regxsa experts, relevant regulatory fines, and best practices from connected Financial Institutions. This commitment to continuous improvement ensures Financial Institutions have access to effective tools and resources.