Transaction Screening

Screen domestic and cross-border payments for sanctions compliance

Screen incoming or outgoing payments against compliance lists, including individual sanctions, PEP, country, currency, and internal do-not-do business lists to block suspicious transactions in real time.

Benefits

Low-risk, instant payments

Stop risky transactions by screening all relevant fields of a payment message, including name and address of ordering entity and beneficiaries, BIC code elements, currency types, and countries, as well as free format text fields.

Robust matching

Apply fully-customizable matching rules by risk level, payment source, and compliance lists to block suspicious transactions in real time.

Alert prioritization

Prioritize and review high-risk payment alerts with configurations based on the time period, threshold amount, transaction type, and other relevant data elements of a transaction message.

Faster resolution

Review all alerts generated from hits against sanctions and PEP lists, blocked country lists, monitoring rules, etc. within the same screen.

How it works

Integrated workflow for automated, faster payment screening

Connect

Seamlessly integrate with your own core banking or transaction processing systems via API web services to screen all payment types including, SWIFT, SEPA, SIC, SARIE, ACH, CHIPS, etc.

Configure

Select relevant transaction data fields and compliance lists for screening in our intuitive configuration manager, and assign risk priority to the scenarios themselves to optimize review effort.

Resolve

Release or block payments based on feedback received in the originating system indicating PASS, FAIL, or PENDING status.

Report

Access a fully automated, comprehensive audit trail with clear historic documentation that meets domestic and international regulatory requirements.

Deployment options

Easy to implement and integrate

Choose any deployment method to meet your business’s data security, data privacy, and efficiency requirements.

On-premise

FinScan can be deployed remotely via a secured/controlled connection or on-site by our experienced consultants. Our implementations are backed by well-proven expertise gained from providing on-premise solutions for more than 45 years.

SaaS/Cloud

FinScan’s Quick SaaS Deployment Program will have you up and running in 24 hours and includes access to test and production servers to dramatically reduce IT cycle times when managing sanctions updates.

Hybrid

FinScan’s hybrid option is powered by SOC II Type 2/ISO 27001-certified global data centers to support data privacy regulations critical in hybrid environments. 24/7 support is provided for all hardware and software applications, with full backups and disaster recovery.

Want to know more about FinScan Transaction Screening?