Velocity is a BSA compliance software platform designed for banks, credit unions, correspondent banks, fintechs, and other regulated financial institutions.
Developed by AML investigators, BSA professionals, former regulators, and financial crime specialists, Velocity brings together transaction monitoring, customer due diligence, sanctions screening, customer risk rating, FinCEN 314(a) processing, case management, AI-powered investigations, and regulatory reporting into one unified platform.
Instead of relying on multiple disconnected systems, spreadsheets, and manual workflows, Velocity provides Bank Secrecy Act software that helps compliance teams manage the entire BSA programme from customer onboarding to regulatory reporting.
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What's Inside Velocity's Bank Secrecy Act Software
Velocity delivers comprehensive Bank Secrecy Act compliance solutions that support every stage of a risk-based BSA and AML programme. Our platform combines monitoring, investigations, case management, customer due diligence, sanctions screening, and regulatory reporting within a single compliance ecosystem.
- AML Transaction Monitoring
- Customer Due Diligence (CDD)
- Enhanced Due Diligence (EDD)
- Dynamic Customer Risk Rating
- Sanctions & Watchlist Screening
- Adverse Media Screening
- FinCEN 314(a) Request Management
- Integrated Case Management
- SAR, STR & CTR e-Filing
- AI-Powered Investigations (iInvestigate)
- Entity Resolution
- Country Resolution
- Cannabis Monitoring
- Crypto Monitoring
These capabilities are delivered through Velocity's integrated compliance platform, allowing BSA officers to manage investigations, regulatory reporting, and programme oversight from one solution.
BSA Monitoring Software That Detects Risk Earlier
BSA monitoring software should do more than generate alerts it should identify meaningful suspicious activity while reducing false positives. Velocity combines configurable detection rules, behavioural analytics, and machine learning to monitor customer transactions in real time and batch processing. The platform detects suspicious patterns including structuring, unusual transaction behaviour, high-risk jurisdictions, and activity inconsistent with customer risk profiles. Integrated data quality management, Entity Resolution, and Country Resolution improve detection accuracy while reducing duplicate alerts caused by poor-quality customer data.
AML and BSA Software in One Platform
Financial institutions no longer need separate solutions for AML monitoring, customer due diligence, investigations, sanctions screening, and regulatory reporting. Velocity combines AML and BSA software into a unified platform where alerts, customer information, investigations, evidence, workflows, and filings all operate from the same data. By bringing these functions together, compliance teams reduce duplicate work, improve investigation efficiency, and maintain a consistent audit trail across the entire compliance lifecycle.
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Compliance Challenge
How Velocity Solves It
Business Outcome
Disconnected compliance systems
Time-consuming investigations
High false-positive alerts
Regulatory examination readiness
Complex implementations
Unify transaction monitoring, CDD/EDD, sanctions screening, investigations, case management, and regulatory reporting in one platform.
AI Agent automatically gathers customer information, transaction history, sanctions results, adverse media, linked entities, and historical alerts.
Combine configurable rules, machine learning, behavioural analytics, Entity Resolution, and Country Resolution.
Automatically capture every investigation, analyst action, approval, and filing with complete audit trails.
Modular, low-code architecture lets institutions deploy the capabilities they need and expand over time.
One centralized compliance ecosystem with streamlined workflows.
Faster investigations with more informed analyst decisions.
Higher-quality alerts and improved analyst productivity.
Stay audit-ready and simplify regulatory examinations.
Faster implementation with future-ready scalability.
Integrates with Your Existing Compliance Ecosystem
Velocity integrates with core banking systems, customer information systems, payment platforms, KYC providers, sanctions data providers, and regulatory reporting solutions to fit into your existing compliance environment.
Flexible Deployment
Cloud, On-Premises, or Hybrid deployment
Modular implementation
Low-code configuration
Scalable architectureFAQs
1. What is BSA compliance software?
BSA compliance software helps financial institutions meet their obligations under the Bank Secrecy Act: monitoring transactions for suspicious activity, performing customer due diligence, screening against sanctions lists, responding to FinCEN 314(a) requests, and filing SARs and CTRs on time. Velocity covers all of these in one platform rather than splitting them across separate point tools.
2. Who needs Bank Secrecy Act compliance solutions?
Any US financial institution subject to the BSA. That includes banks, credit unions, money services businesses, broker-dealers, casinos, and increasingly fintechs and BaaS providers whose sponsor banks expect a full BSA program. Velocity serves all of these verticals, from Tier-3 community banks to correspondent banks monitoring 350+ respondent institutions.
3. What's the difference between AML and BSA software?
Not much in practice, and the terms overlap for a reason. The BSA is the US law; AML is the global discipline of preventing money laundering. AML and BSA software refers to the systems that do both jobs, and a strong platform handles US-specific requirements like CTRs and 314(a) alongside international obligations like sanctions screening and STR filing. Velocity was built for both.
4. Can Velocity replace our manual CTR and SAR filing process?
Yes. Velocity’s case management and e-reporting module generates and files SARs, STRs, and CTRs electronically, with deadline tracking and a full record of who reviewed and approved each filing. Institutions using AI Investigator have also reduced manual interventions per case by 50-75%.
5. How does BSA monitoring software reduce false positives?
Velocity pairs a configurable rules library with machine learning models that learn from your institution’s actual transaction patterns, plus Entity Resolution that stops duplicate customer records from generating duplicate alerts. Clients have seen false positive reductions in the 70-80% range.