Modernize your existing AML processes by selecting our end-to-end solution, or seamlessly integrate any FinScan product in your existing workflow with our robust, proprietary batch or API protocols.
English
English
Partner with FinScan to combat money laundering and the funding of terrorist activities. Uncover risk in deposit accounts, money transfer, correspondent banking services, mortgage lending, capital markets, or any money services businesses (MSBs) operations, including crypto exchanges, with end-to-end validation, verification, and monitoring solutions for your clients.
Modernize your existing AML processes by selecting our end-to-end solution, or seamlessly integrate any FinScan product in your existing workflow with our robust, proprietary batch or API protocols.
Identify risk from all customer relationships including joint accounts, beneficiaries, fiduciaries, co-maker, cosigners, UBOs, and owners of enterprise and SMB accounts against global AML and sanctions databases.
Achieve more precise screening outcomes with improved data quality, leading to fewer false positives and the uncovering of potential hidden risk.
Build long-term success through a partner relationship founded on decades of industry knowledge, excellent customer service, and a continuous dialogue with our AML subject matter experts.
Modernize your existing AML processes by selecting our end-to-end solution, or seamlessly integrate any FinScan product in your existing workflow with our robust, proprietary batch or API protocols.
Identify risk from all customer relationships including joint accounts, beneficiaries, fiduciaries, co-maker, cosigners, UBOs, and owners of enterprise and SMB accounts against global AML and sanctions databases.
Achieve more precise screening outcomes with improved data quality, leading to fewer false positives and the uncovering of potential hidden risk.
Build long-term success through a partner relationship founded on decades of industry knowledge, excellent customer service, and a continuous dialogue with our AML subject matter experts.
Provide secure financial services and achieve AML compliance with FinScan’s end-to-end KYC and AML suite. FinScan offers completely modularized products that allow seamless integration into your existing AML processes to deliver a frictionless customer experience.
| AML Processes | Regulatory Requirements | Products |
|---|---|---|
| KYC and Customer Due Diligence (CDD) | Collect client information such as name, address, date of birth and other identifying information. Verify clients’ identity by validating their ID documents and asking for proof of address. Identify the business owners, ultimate beneficial owners and ownership structure of enterprise and SMB accounts. |
FinScan FinScan ID validation FinScan UBO |
| AML and sanctions screening | Screen customers, beneficiaries, fiduciaries, cosigners, UBOs and owners of SMBs and enterprises against sanctions, PEP, watchlist, internal lists and adverse media. |
FinScan customer screening FinScan entity screening |
| Onboarding risk assessment | Measure AML risk associated with customers, SMBs and enterprises by dynamically evaluating multiple factors to assign risk ratings. |
FinScan risk evaluator |
| Enhanced due diligence | Create detailed investigative due diligence reports to push our investigations further for high-risk customers. |
FinScan EDD |
| Ongoing monitoring | Monitor customers, beneficiaries, fiduciaries, cosigners, UBOs and owners of SMBs and enterprises against sanctions, PEPs, watchlists, internal lists and adverse media. Monitor changes in entity ownership structure to identify and screen new UBOs. Stay on top of your business relationships by continuously monitoring any changes in risk profile that require further due diligence. |
FinScan FinScan UBO FinScan risk evaluator |
| Transaction screening | Screen all your deposits, withdrawals, and domestic and international transactions to block risky payments in real time. |
FinScan transaction screening |
| Documents and notes | Securely store documents and notes related to each account for easy access when needed and to document your decision making. |
FinScan case management |
| Audit trail | Track every case back to its origin, ensuring that all AML data and customer information is accurately recorded and compliant with regulators’ requirements. |
FinScan audit trail |
For financial institutions, streamlined and efficient AML operations are a must. FinScan offers the ultimate solution to address the operational complexities of deposit accounts, money transfers, correspondent banking, lending, and other money services operations, ensuring a seamless and efficient process.
| Challenges | Solution | Features |
|---|---|---|
| Multiple financial products | Configure matching rules at a “granular” level to pinpoint the exact matches you want to review by risk level, internal data source, and compliance list to enable truly a risk-based approach for all your financial products and offerings. |
AML list coverage Screening technology FinScan data prep |
| Large record volume | Onboard millions of customers and monitor ongoing sanctions risk and transactions daily with our highly scalable platform. Screen quickly and efficiently in batch or in real time through APIs to effectively identify risk without avoiding interruption to your daily operations. Dramatically reduce false positive rates for your review team with advanced screening technology and better data. |
API & batch screening Screening technology Built-in data quality engine |
| Multiple data sources | Seamlessly connect all mainframe and enterprise applications to screen customers, entities, and transactions to uncover risk from all data sources. Additionally, reduce unnecessary alerts by eliminating duplicate records – streamlining your screening process, and saving time. |
FinScan data prep |
| Data quality challenges | Eliminate data quality issues commonly found in the banking and financial services industry that can lead to missing true hits in your AML screening. With FinScan, you can rest easy knowing that you have the tools to tackle these issues head on, ensuring that joint accounts, trustees, and beneficiaries are not overlooked. |
Common data anomalies |
| Global operations | Support your global operations by screening against the necessary AML lists by jurisdiction. With FinScan’s native-to-native screening technology, you can screen in different languages and alphabets, resulting in more accurate screening results. |
AML list coverage Screening technology |
| Cross-team escalation | Customize your escalation workflow and user controls with FinScan to support your AML operations worldwide. Easily configure alerts to be reviewed by users in different countries and teams, with the ability to escalate to the relevant team. |
Case management tool User access control |
| Data protection regulation | Choose the deployment option that best supports local data protection laws. Whether on-premise, cloud-based, or a hybrid of both, you have the flexibility to meet the most complex data protection requirements, ensuring compliance while supporting your business expansion. Choose high availability disaster recovery options to prevent unexpected events and swiftly bounce back and continue operating with minimal interruption. |
Deployment options |
Read how one of the leading Latin American-based payment processors achieved transformational changes in its AML operations with FinScan’s advanced screening technology. The results? FinScan now monitors risk in their global customer database from 15 countries in multiple languages. With access to FinScan’s latest generation of pattern-based matching technology, the bank was able to uncover 82 confirmed hits of sanctions and politically exposed persons (PEPs) despite data inconsistencies between customer records and sanctions list profiles, and at the same time achieved a 62% reduction in false positives, saving over 19K person hours of review effort.
Ask us your questions and we’ll be happy to provide all the information you need.