FinScan wins 2025 RegTech Insight USA Award for Best Financial Crime Solution

November 21, 2025 – A-Team Insight has named FinScan, an Innovative Systems solution, Best Financial Crime Solution (including AML/Fraud) in its fifth annual RegTech Insight Awards USA, based on votes from RegTech Insight’s financial institution readership. The awards honor both long-standing providers and emerging innovators whose RegTech solutions help capital markets firms strengthen their response to rapidly changing and increasingly complex regulatory demands. 

A data-first foundation that uncovers hidden risk 

FinScan’s win reflects its leadership in redefining risk detection through a uniquely data-first, transparency-driven approach. Through its FinScan Enhance data quality module, the solution automatically identifies and resolves hidden or buried entities at scale, converting them into independent subrecords that are screened without manual effort. In one global insurance deployment, 46,000 hidden names and 400 exact OFAC matches surfaced that would otherwise have gone undetected. FinScan Enhance also recently won, for the second consecutive year, A-Team’s Data Management Insight Awards USA in the Best Data Solution for Regulatory Compliance category. 

Precision matching with full explainability 

FinScan’s cognitive matching engine is distinguished by field-level transparency, breaking down each match score by name, address, date of birth, nationality, organizational IDs, and more. Analysts and auditors can see precisely why a record matched (or didn’t), with clear explanations of normalization steps, weightings, and thresholds. FinScan’s Match Simulator further supports independent testing and auditing, giving compliance teams unprecedented interpretability and confidence in decision-making. 

Material reductions in false positives 

Across client environments, FinScan consistently delivers 3-8x fewer false positives, validated through structured baseline analysis and quantitative rescoring of each client’s own historical data. These gains come without relaxing thresholds, ensuring stronger detection alongside streamlined operations. 

Built-in governance and auditability 

FinScan’s architecture preserves complete lineage across hidden or duplicate records via constant identifiers and link keys. A single analyst decision can be applied across verified duplicates while retaining independent, fully traceable audit trails—reducing workload without compromising regulatory defensibility. 

Speed, scalability, and modern payments readiness 

FinScan supports high-volume environments across capital markets, banking, and payments. Recent upgrades to FinScan Payments—including expanded coverage and enhanced risk-based conditional screening, reporting, and user experience—enable faster onboarding, real-time screening, and rapid migration to modern payment standards. 

“The fact that this award was determined by votes from across capital markets makes it especially meaningful. It reflects the measurable impact FinScan is having by helping firms uncover hidden risks, strengthen controls, and modernize their AML and sanctions programs,” said Deborah Overdeput, Chief Operating Officer, Innovative Systems, Inc. “Our clients value the transparency of our matching, the strength of our data quality foundation, and the efficiency gains they achieve through explainable decisioning and reduced false positives.” 

Press contact:   

Chanda Shingadia

The Comms Crowd

Email: chanda@commscrowd.com

Phone: +44 (0)7951 163 615