Reduce False Positives and Negatives
An AML and sanctions screening solution should not only offer efficient workflows but also minimize false positives and negatives. With FinScan, you’re in control. Our technology meticulously sifts through noise, filtering out unnecessary alerts triggered by data inconsistencies and outdated matching techniques.
Focus More Time on True Hits
FinScan helps your team reduce the time-consuming workload of false positives. Our powerful technology tackles data challenges that can lead to false positives, so you can rest assured that your team is focusing on the customers who require the most attention.
A LARGE SHIPPING COMPANY
93% reduction of existing near matches
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solved data quality issues caused by inconsistent notations
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fine-tuned matching scenarios and precise watchlist pre-filtering
Real-time API-based screening, where automated parsing creates sub-records to catch true hits.
A LEADING UNDERWRITER
FinScan consistently caught more than 38 algorithmic variations
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phonetic algorithms, date shifts, character mapping, abbreviations, concatenations, and transliteration and translation errors
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INSURTECH PLATFORM
Reduced certificate issuance from days to mins
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advanced, configurable screening for complex webs of parties
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automated screening & certificate issuance
FinScan’s integration and screening just works . . . silent, efficient, and always dependable.
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A P&C INSURANCE LEADER
Cleans their data & discovers 400+ missed OFAC-listed customers
The removal of 560,000 duplicate alerts saved 2,796 hours of manual review time annually, equal to $75,000 in full-time equivalent (FTE) costs.
A LEADING UNDERWRITER
FinScan consistently caught more than 38 algorithmic variations
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phonetic algorithms, date shifts, character mapping, abbreviations, concatenations, and transliteration and translation errors
Scale Globally
With FinScan, your business can easily stay compliant with international AML, sanctions, and digital asset regulations. FinScan’s proprietary screening algorithm provides more accurate and comprehensive results and is multilingual and multicultural. Plus, FinScan is designed to grow with your business, allowing you to process large volumes of customers quickly and efficiently.
