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FinScan has proven to be an essential tool for organizations seeking to combat money laundering and identify potential fraudulent …
Overview
What is FinScan?
FinScan provides advanced sanctions and PEP compliance solutions. The product helps organizations faced with complex regulatory requirements screen customers, vendors, beneficial owners, and other associates against any internal or third party high-risk, sanctions or black lists. FinScan also offers SWIFT transaction screening, transaction monitoring, ID…
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What is FinScan?
FinScan provides advanced sanctions and PEP compliance solutions. The product helps organizations faced with complex regulatory requirements screen customers, vendors, beneficial owners, and other associates against any internal or third party high-risk, sanctions or black lists. FinScan also…
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What is ComplyCube?
ComplyCube is an identity verification platform that automates Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance for businesses. It offers features that enable businesses to verify customer identities through ID documents, biometrics, and government databases.The SaaS solution…
Product Details
- About
- Integrations
- Competitors
- Tech Details
What is FinScan?
FinScan provides advanced sanctions
and PEP compliance solutions. The product helps organizations faced with complex
regulatory requirements screen customers, vendors,
beneficial owners, and other associates against any internal or third party high-risk,
sanctions or black lists. FinScan also offers SWIFT transaction screening,
transaction monitoring, ID authentication and screening, beneficial ownership
due diligence, and data enrichment capabilities.
FinScan Features
- Supported: WATCH LIST & PEP SCREENING
- Supported: KNOW YOUR CUSTOMER (KYC) & CUSTOMER ONBOARDING
- Supported: ULTIMATE BENEFICIAL OWNER (UBO) SCREENING
- Supported: WEB SERVICES/API INTEGRATION
- Supported: TRANSACTION MONITORING
- Supported: TRANSACTION SCREENING
- Supported: ID VALIDATION
- Supported: INTEGRATION WITH CRM
- Supported: FINSCAN WATCH LISTS
- Supported: HEALTHCARE EXCLUSION LIST SCREENING
- Supported: LIST MANAGEMENT SERVICES
- Supported: DATA QUALITY FOR AML
FinScan Video
FinScan Integrations
FinScan Competitors
- NICE Actimize
- Fircosoft
- Accuity
FinScan Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux, Mac |
| Mobile Application | No |
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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
FinScan has proven to be an essential tool for organizations seeking to combat money laundering and identify potential fraudulent activities. Users have relied on the software for transaction screening, ensuring compliance with anti-money laundering regulations. By regularly screening their entire portfolio against various watch lists, customers have effectively prevented corruption, terrorism, and other illicit activities. The software's ability to retain and incorporate updates and changes from these watch lists has been commended by users, providing peace of mind that their screening efforts are up-to-date.
In addition to its powerful sanctions screening capabilities, FinScan has been praised for its ability to protect organizations against scams and robberies. Users describe it as an online police force, helping them identify possible fraudulent IPs or individuals and taking proactive measures to block them. This feature alone has saved companies from significant financial losses and reputational damage.
Another business problem solved by FinScan is data cleansing. Users have found the software useful in detecting redundant and incorrect data, allowing them to present accurate information to end users. This not only helps maintain data integrity but also ensures compliance with regulatory requirements.
Furthermore, the ID validation feature provided by FinScan has been highly effective in preventing fraud. Users have expressed satisfaction with its ability to detect potential scams during transactions, safeguarding their organization's funds and protecting both themselves and their customers.
Overall, FinScan's real-time scanning capabilities have received high praise from users. They describe the level of detail provided as amazing, making the process highly effective and intuitive. With its comprehensive transaction screening abilities, fraud prevention features, and data cleansing functionality, FinScan offers substantial value for organizations seeking a reliable tool to tackle financial crimes and maintain compliance with anti-money laundering regulations.