Advanced AML solutions for credit card issuers

Collaborate with FinScan to ensure compliance with worldwide AML and CTF regulations. Uncover financial crimes risk during onboarding and ongoing business operations with end-to-end validation, verification, and monitoring solutions for your cardholders and merchant accounts.

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Transform operations

Modernize your existing AML processes by selecting our end-to-end solution or seamlessly integrate any FinScan product into your existing workflow with our robust, proprietary batch or API protocols.

Advanced risk detection

Identify risk from all customer relationships including joint accounts, supplemental card holders, UBOs, and owners of corporate and merchant accounts against global AML and sanctions database.

Improved data quality

Achieve more precise screening outcomes with improved data quality, leading to fewer false positives and the uncovering of potential hidden risk.

Strategic partnership

Build long-term success through a partner relationship, founded on excellent customer service and a continuous dialogue with AML our subject matter experts.

AML requirements for credit card issuers

Streamline AML Compliance with a Unified Solution

Protect your credit card issuing and merchant acquisition activities from financial crime and ensure 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

Collect cardholder information such as name, address, date of birth and other identifying information.

Verify cardholders’ identities by validating their ID documents and asking for proof of address.

Identify the business owners, ultimate beneficial owners and ownership structure of merchant and corporate accounts.

AML and sanctions screening

Screen merchant accounts and individual and corporate cardholders against sanctions, PEPs, watchlists, internal lists and adverse media.

Onboarding risk assessment

Measure AML risk associated with cardholders, corporates, and merchants by dynamically evaluating multiple factors to assign risk ratings.

Enhanced Due Diligence

Create detailed investigative due diligence reports to push your investigations further for high-risk cardholders.

Ongoing monitoring

Monitor cardholders, corporates, and merchants against sanctions, PEPs, watchlist, internal lists and adverse media.

Monitor changes in corporate ownership structure to identify new UBOs.

Stay on top of your business relationships by continuously monitoring any changes in risk profile that require further due diligence

Payment screening

Screen all your credit card payments from cardholders, corporates, and merchants to block risky payments in real time.

Documents and notes

Securely store documents and notes related to each account for easy access when needed and to document your decision making.

Audit trail

Track every case back to its origin, ensuring that all AML data and cardholder information is accurately recorded and compliant with regulators’ requirements.

AML requirements for credit card operations

Optimize credit card AML operations

For credit card issuers, streamlined and effective AML operations are a must. FinScan offers the ultimate solution to address the operational complexities of card operations, ensuring a seamless and efficient process.

Challenges Solutions Features
Large record volume

Onboard millions of cardholders and monitor ongoing sanctions risk and payments daily with our highly scalable platform. Screen quickly and efficiently in batch or in real time through our API 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.

Multiple data sources

Seamlessly connect all mainframe and enterprise applications to screen cardholders, merchants, and payments to uncover risk from all data sources. Additionally, reduce unnecessary alerts by eliminating duplicate records, streamlining your screening process, and saving time.

Data quality challenges

Eliminate data quality issues commonly found in the credit card 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 and supplemental cardholders are not overlooked.

Global operations

Support your global credit card 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.

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.

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 interruptions.

Case study

Highly scalable screening technology dramatically reduces false positives

Read how one of the top 10 credit card issuers in the US achieved dramatic transformation in its AML operations with FinScan’s advanced screening technology. The results? FinScan daily monitors over 375 million records for potential sanction violations, resulting in a 67% reduction in false positives in comparison to the previous solution. Out of the monitored records, 353 additional confirmed hits of sanctions and politically exposed persons (PEPs) were identified, preventing regulatory fines and reputational damage.


A massive 375 million records were screened and monitored daily to check for potential sanctions violations.


With the ability to adjust matching algorithms the organization saw a 67% reduction in false positives.


A total of 353 confirmed sanction and PEP hits were uncovered and identified after new screening technology was implemented.

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