Pittsburgh, PA — January 14, 2025 — FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has been recognized as a category leader in the Chartis RiskTech Quadrant® for KYC Solutions. This prestigious designation highlights FinScan’s innovative capabilities in helping financial institutions and other organizations streamline Know Your Customer (KYC) processes while addressing the growing complexity of regulatory compliance and data management.
As financial institutions strive to create unified, perpetual customer records and centralized data repositories, traditional banking technologies have often fallen short, lacking the flexibility and scalability required for today’s dynamic data environments. FinScan’s advanced KYC solution addresses these challenges by enhancing data integration, maintaining consistency, and delivering real-time risk assessments.
Chartis Research cited the following FinScan’s capabilities as key contributors to its leadership position:
Enhancing the quality of customer data for improved accuracy
Comprehensive customer due diligence (CDD) modules tailored to specific business risk appetites
Dynamic, real-time risk assessments using configurable key risk indicators
Read the Vendor Spotlight: FinScan – KYC Solutions, 2024 for more details.
“FinScan’s focus on data quality has solidified its position as a leader in KYC solutions,” said Deborah Overdeput, Chief Marketing Officer at Innovative Systems, Inc. “We are proud to be recognized by Chartis for our efforts to deliver scalable, flexible, and innovative compliance technologies that empower organizations to navigate an increasingly complex regulatory environment.”
FinScan’s solution stands out for its ability to integrate data from diverse sources, providing a comprehensive view of customer risk. The platform’s enhanced data quality and integration ensure seamless interoperability between systems, enabling institutions to address the challenges posed by unstructured, fragmented, and siloed data.
In addition to its robust capabilities in sanction screening and anti-money laundering (AML) compliance, FinScan excels in supporting securities and other complex financial instruments. Its adaptability has driven strong adoption across regions, including the Middle East and Asia-Pacific, where regulatory requirements are rapidly evolving.
With its continued focus on innovation, FinScan is poised to remain a leader in the KYC market, delivering powerful tools that enhance compliance, improve operational efficiency, and reduce risk for organizations worldwide.
Press contact:
Chanda Shingadia
The Comms Crowd Email: chanda@commscrowd.com Phone: +44 (0)7951 163 615