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Chartis awards FinScan for AML excellence in insurance

  • Writer: FinScan
    FinScan
  • Mar 19
  • 2 min read

March 19, 2025 — FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has been recognized for “Vertical and Segment Excellence – Insurance” and named a “Market Disruptor” in the Chartis Financial Crime and Compliance50 (FCC50) 2025 Rankings. 


The Chartis FCC50 rankings evaluate the top vendors in financial crime technology, focusing on their ability to innovate in areas AML, fraud detection, sanctions screening, and KYC compliance, highlighting market influence, technological innovation, and strategic vision. 


“FinScan is building on its legacy in the FinCrime space, innovating to disrupt the market in a unique way, offering a range of integrations and scalability alongside very strong time to value and packaging,” said Nick Vitchev, Research Director at Chartis. “This means that FinScan can deliver advanced screening and detection capabilities to a broad set of emerging markets—notably insurance, a highly complex emerging market where FinScan stands out with its tailored solutions.” 


In an industry that’s constantly evolving, insurance leaders grapple with the complex challenge of keeping up with shifting sanctions screening requirements. These regulatory changes not only put their operational efficiency to the test but also demand rapid adaptation to new corporate frameworks, global jurisdictions, and intricate workflows.  


FinScan helps insurance companies confidently assess risk by screening policyholders, beneficiaries, and other key entities beyond basic legal requirements, ensuring informed decision-making and protection against financial crime. By integrating advanced AML screening into claims processing and policy issuance, FinScan accelerates onboarding, reduces manual reviews, and enhances compliance while delivering a seamless customer experience. 25% of the world’s top 20 insurance companies rely on FinScan for their AML and KYC compliance. 


“This recognition underscores our commitment to delivering cutting-edge AML compliance solutions that empower insurance companies around the world to navigate an increasingly complex regulatory landscape,” said Deborah Overdeput. “Being named a market disruptor reflects our dedication to continuous innovation, ensuring our customers stay ahead of evolving financial crime threats.” 



 

Press contact: 

Chanda Shingadia The Comms Crowd Email: chanda@commscrowd.com Phone: +44 (0)7951 163 615

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