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William Hill PLC Chooses FinScan Hosted Compliance Solution
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Betting Company Won’t Gamble with its Reputation |
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London, United Kingdom – December 9, 2008 – FinScan, a leading provider of sanctions list and PEP compliance screening solutions, today announced that William Hill PLC have implemented the FinScan Hosted compliance solution throughout the firm’s internationally-recognized betting and gaming network. The FinScan solution encompasses a hosted screening service, a subscription to the FinScan List Management service and integration with the comprehensive Dow Jones Watchlist. |
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William Hill PLC is recognised as one of the world’s leading bookmakers and online gaming providers, serving hundreds of thousands of clients through the UK’s largest retail betting estate, as well as telephone and online services. |
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In the context of the current regulatory obligations incumbent on the European gaming industry, William Hill is leading the way with their anti-money laundering (AML) and anti-terrorist financing (ATF) controls. To help mitigate risk and protect its excellent reputation and customers, William Hill selected FinScan to enhance its AML and ATF capabilities and will employ Dow Jones Watchlist as its third-party PEP, Sanctions and ‘Special Interest Persons’ database. |
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"We are very pleased to welcome on board one of the most prestigious names in the gambling sector,” said John Haley, FinScan sales and marketing manager. “The inclusion of William Hill to our portfolio complements the many successes we’ve achieved in our traditional sectors this year and demonstrates the flexibility of our solutions and consultancy services.” |
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Used in thousands of projects worldwide, FinScan’s robust matching engine facilitates the efficient and accurate screening of large volumes of records. Its precise, customisable rules for flagging suspicious records greatly reduce the risks associated with missing real matches (false negatives), while minimising the time and expense associated with researching false matches (false positives). |
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About William Hill PLC
William Hill PLC offers over seventy years of bookmaking experience and serves its clients through a network of 2,250 betting shops across the UK and Ireland, a market leading telephone betting service and an exciting array of online betting and gaming opportunities (www.williamhill.com). Licensed and regulated in the UK, Gibraltar and Malta, quoted on the London Stock Exchange and a FTSE 250 company, William Hill is internationally known as a leading betting and gaming organisation. |
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About FinScan Hosted
FinScan Hosted delivers proven, world-class PEP screening performance on an economical, easy-to-manage SaaS (Software as a Service) basis. It can meet all of an organisation’s customer screening needs – from millions of records to one – yet it can be deployed enterprise-wide in just a few days. Its screening parameters, volumes and schedules can be customised to meet individual organisation’s business and operational needs. |
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To support the crucial process of reviewing suspicious records, FinScan produces detailed reports identifying matches to the client’s selected PEP database, along with a fully secure, Web-based case management and review tool. This unique tool assists clients in their review and enhanced due diligence by providing direct access to supporting information from the AML database. To further streamline review operations for improved results and reduced costs, comprehensive audit trail, management reporting and ‘safe-list’ functionality are also built into the hosted service. |
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About FinScan
As the compliance division of Innovative Systems, Inc. (ISI), FinScan protects organizations against non-compliance with the world-class data quality and data matching capabilities that are the cornerstone of all ISI products and services. Clients have used ISI’s linking/cleansing engines for MDM and compliance solutions in 33 countries. FinScan helps organizations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed or hosted deployment of its software applications; outsourced case tool review; transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for its clients. The FinScan Web site is located at www.finscan.com.
The Innovative Systems site is www.innovativesystems.com.
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About Innovative Systems, Inc. (ISI)
Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's data quality, data management, and compliance solutions include the i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ a CASS-certified address verification solution; Synchronos™, a master data management solution for enterprise customer data, and FinScan for compliance list, sanctions and PEP screening. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of applications in more than 30 countries. Innovative Systems is headquartered in Pittsburgh, Pennsylvania, site of the 2009 G20 summit, with European offices in London, and representative offices in Brazil, Mexico, Netherlands, South Africa, and the Middle East. The Innovative Web site is located at www.innovativesystems.com. |
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Company Press Contact:
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics PostLocate, Synchronos and FinScan are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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