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| FinScan SME (Small to Medium Enterprise) provides a robust, comprehensive compliance solution for organizations that are serious about sanctions list and PEP compliance, but do not need the sophistication — or expense — of fully customizable matching rules and parameters. |
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| FinScan SME is Web-based, easy to use and provides all the performance and protection of an in-house solution, without the overhead, added staffing and infrastructure. |
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Plus, FinScan SME's end-to-end compliance capabilities help relieve you of the administrative and operational burdens of list screening and due diligence — from updating sanctions match lists to generating and maintaining detailed audit files — so you can focus your attention and resources on improving your bottom line. |
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Select from 3 Pre-Set Matching Options
FinScan SME delivers exceptional compliance economy and value by offering three "best-practices" matching options. You choose the option that meets your organization's compliance and customer database needs, and FinScan performs your match runs on the schedule and against the sanctions lists you specify. You can adjust the schedule and perform ad hoc runs as you consider appropriate, and you can change or add sanctions lists, as you wish. |
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As your compliance needs evolve, you can also switch easily to a different matching option — or move to FinScan Hosted or FinScan Licensed. |
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Match Thousands of Records – Or Just a Few
FinScan SME can accurately and cost-efficiently serve all of your sanctions list and PEP compliance needs — from large volume batch processing of tens of thousands of records, to interactive, real-time look-ups of individual records. |
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Comprehensive Data Security
We understand — and share — your commitment to the security of your customer data and the privacy of your customers’ personal information. We enforce that security with 128-bit data encryption, a fully-secure FTP site, and a SAS 70-certified processing data center. We also support and subscribe to the Seven Principles of the Safe Harbor Framework of the European Commission's Directive on Data Protection. (View our Safe Harbor Privacy Statement here.) |
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Plus, Like All FinScan Compliance Solutions,
FinScan SME Provides: |
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Like all FinScan compliance solutions, FinScan SME offers advanced processing capabilities and a comprehensive compliance package that enhance matching precision and support your internal compliance administration and operations, including: |
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Open List Compatibility
FinScan SME screens customer records against virtually any suspect, sanctions or do-not-do-business list, and integrates with a broad array of public and third-party PEP lists. |
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Data Quality Management that Maximizes Matching Precision, While Minimizing False Positives
To enhance matching precision, FinScan cleanses, parses and standardizes the data in the 30+ sanctions lists we manage prior to matching. This helps ensure that all screening records are clean and in consistent formats, making match comparisons more efficient and more precise — and minimizing false positives that require costly, time-consuming review. |
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Alias Propagation that Reduces False Negatives
As part of our data cleansing process, FinScan identifies the "name" elements within a record — including aliases, nicknames and names contained in other data fields — and propagates those name variations into additional records to be included in the matching process. |
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Identifying and matching against such "hidden" names helps prevent the possibility of a false negative — a true match that goes undetected — which exposes the organization to the penalties and negative publicity that could result from non-compliance. |
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End-to-End Compliance Service that Saves You Time and Effort
To help relieve you of some of the administrative and operational demands of sanctions list screening and due diligence, the comprehensive FinScan SME service also includes: |
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Continual monitoring and updating of more than 30 key sanctions and PEP lists, including the OFAC SDN1 and HM Treasury lists, to ensure that your customers are screened against the most recent and accurate data available |
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Our Web-based Case Management Tool that speeds suspect review and electronically provides the information needed to promptly determine which suspect matches can be identified as “safe” — freeing reviewers' time for more productive tasks |
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Production of due diligence reports, including audit files that detail the name of the reviewer, the information used in the review process, the results of the investigation and the reasons for the decision reached. |
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Proven Data Matching and Data Quality Performance
The advanced data quality and data matching capabilities that drive
FinScan’s screening accuracy are powered by Innovative Systems, Inc. (ISI), an internationally-recognized leader in customer data management that has been serving the needs of global financial institutions since 1968. The performance and precision of ISI's data quality and matching solutions have been proven in thousands of applications for financial services organizations worldwide. |
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Learn more ... |
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Find out how FinScan SME can provide world-class list screening and PEP compliance on an exceptionally easy to use, cost-efficient basis.
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Call 1-800-622-6390 or download a free data sheet here. |
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