Innovative Systems expands FinScan’s KYC solution
Power Up Your KYC With Streamlined Onboarding
Overly complex onboarding processes require many documents and lengthy verification steps which can frustrate customers, incur high costs, and make it difficult to keep up with strict regulations. FinScan helps prevent fines and reputational damage by effectively identifying and resolving risk during customer onboarding and daily operations while meeting AML and KYC regulatory obligations.
Achieve Safer and More Efficient KYC Onboarding
FinScan helps organizations validate individual and entity customer identities, improve data quality, screen names against PEP and adverse media databases, and identify UBOs, enabling them to adopt a risk-based approach to due diligence while meeting KYC and AML obligations. With FinScan’s advanced screening technology, organizations can confidently and easily screen their merchants, vendors, suppliers, customers and beneficial owners against sanctions lists.
Fact
FinScan was named a KYC Solution Leader in Quadrant Knowledge Solutions’ SPARK Matrix 2024 report on KYC technology.