FinScan provides anti-money laundering and sanctions screening, KYC checks, data quality tools, and precision matching. Screening covers sanctions, politically exposed persons, adverse media, payments, and watchlists. Its data quality tools identify missing, inconsistent, or duplicate customer information before screening. FinScan says its matching technology can reduce false positives by up to 80%. Organizations can choose SaaS, on-premise, or hybrid deployment, with real-time screening and batch processing of hundreds of millions of records. An open API architecture can send results to web services-enabled applications. Payment screening supports formats and rails including SWIFT, ISO 20022, SEPA, FedNow, Fedwire, ACH, and instant payment flows. Listed controls include AES-256 encryption at rest, TLS 1.3 in transit, role-based access control, and immutable audit logs; the AML solution page lists SOC 2 Type II and ISO 27001 certification for FinScan Payments. FinScan serves industries including banking, insurance, fintech, healthcare, real estate, wealth management, and government. Pricing is provided on request, and prospective customers are directed to request a demo.
Who it is for
FinScan is aimed at organizations that need AML, sanctions, KYC, or payment screening. Its listed industries include banking, insurance, fintech, healthcare, real estate, wealth management, and government.
What is good
- Screens sanctions, PEPs, adverse media, payments, and watchlists.
- Offers SaaS, on-premise, and hybrid deployment.
- Supports real-time and high-volume batch screening.
- Payment rails include SWIFT, SEPA, and FedNow.
- Lists encryption, access controls, and audit logs.
What to know first
- Pricing is provided on request.
- A demo is required to learn about pricing.
Verdict
FinScan combines screening with data cleanup, multiple deployment options, and payment coverage. Organizations will need to request a demo to learn pricing.
FinScan plans and pricing
All plansCompared on sanctions screening software
- PEP screening
- Yes
- Ongoing monitoring
- Yes
- Transaction screening
- Yes
- API access
- Yes
- Batch screening
- Yes
- List management
- custom
