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FinScan Premium from FinScan

Advanced AML screening solution with fuzzy matching algorithms, automated workflow, and case management. Features include sanctions and PEP screening, adverse media monitoring, and beneficial ownership verification designed for brokerage compliance.

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Product analysis by function

AML/KYC Compliance Software for Compliance

Systems for screening clients against watchlists, monitoring transactions for suspicious activity, and maintaining regulatory compliance documentation.
More AML/KYC Compliance Software More Compliance ...

Client Screening and Onboarding
(7 Yes /7 Known /11 Possible features)

Transaction Monitoring
(6 Yes /6 Known /11 Possible features)

Watchlist Management
(6 Yes /6 Known /10 Possible features)

Case Management and Workflow
(7 Yes /7 Known /10 Possible features)

Regulatory Compliance and Reporting
(5 Yes /5 Known /10 Possible features)

Integration and Interoperability
(8 Yes /8 Known /10 Possible features)

User Interface and Usability
(7 Yes /7 Known /10 Possible features)

Security and Data Protection
(8 Yes /8 Known /10 Possible features)

Scalability and Performance
(4 Yes /4 Known /10 Possible features)

Maintenance and Support
(5 Yes /5 Known /10 Possible features)

Cost and Licensing
(3 Yes /3 Known /10 Possible features)

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Identity Document Verification Ability to verify government-issued identity documents (passports, national IDs, etc.) electronically.		FinScan Premium documentation and product site (finscan.com) emphasize electronic verification of government-issued documents for KYC onboarding.
Facial Recognition/Matching Matches client-provided photos with ID documents using facial recognition technology.		No information available
Sanction List Screening Checks clients against global and local sanction, PEP, and watchlists.		Sanction and PEP screening is a core advertised function of FinScan Premium. See product site feature list.
Adverse Media Screening Searches for negative news related to clients using media and public data sources.		Adverse media monitoring is expressly mentioned among FinScan Premium features.
Ongoing Customer Monitoring Continuously screens existing clients for changes in status or newly published risks.		FinScan provides ongoing monitoring with automated list updates and continuous risk review.
Risk Scoring Engine Assigns dynamic risk scores to clients based on risk factors and behaviors.		No information available
Regulatory Jurisdiction Coverage Number of countries or jurisdictions supported for compliance checks.		No information available
Language Support Number of languages supported for global client onboarding and screening.		No information available
Enhanced Due Diligence Handling Supports additional data collection and review for high risk clients.		Enhanced due diligence processes supported for high-risk clients per product specifications and case management system.
Batch Processing Capability Ability to process multiple client screenings at once.		undefined Batch screening capability is featured, supporting high-volume onboardings.
Customizable Screening Criteria Allows modification of threshold and parameters for screening rules.		Customizable risk rules and screening parameters are explicitly supported (per product documentation and UI description).

Real-Time Transaction Monitoring Automatically scans transactions for suspicious patterns as they occur.		No information available
Behavioral Pattern Detection Uses profiling and analytics to detect unusual or unexpected patterns.		No information available
Rule-Based Alert System Configurable rules trigger alerts for pre-defined risk scenarios.		Rule-based alerting is the primary AML screening event engine according to documentation.
Machine Learning/AI Analytics Employs AI models to detect previously unknown or emerging risks.		No information available
Alert Prioritization Ranks alerts based on severity and risk relevance for efficient case handling.		Interface enables prioritization and workflow-routing based on alert severity.
False Positive Management System features to reduce unnecessary alerts and streamline review.		Fuzzy matching and automated tuning explicitly help with false positive management.
Volume Handling Capacity Maximum number of transactions monitored per second.		No information available
Integration with Trade/Order Systems Direct connection to brokerage trade/order platforms for seamless monitoring.		FinScan’s brokerage compliance solutions offer integrations with major core/proprietary trade/order systems (see integrations section and partner listing).
Peer Group Analysis Compares client behavior against similar client group averages.		No information available
Historical Data Analysis Supports backtesting and review of historical transactions for compliance audits.		Historical data analysis for audits/backtesting is supported through ongoing customer and transaction monitoring modules.
Automated Case Escalation Automatically escalates suspicious cases for compliance officer review.		Automated case escalation for compliance review is a workflow feature in product documentation.

Integrated Global Lists Supports all major regulatory and financial watchlists (OFAC, EU, UN, etc.).		FinScan advertises coverage of global regulatory/watchlists such as OFAC, EU, UN, and others.
Custom List Support Allows firms to upload and manage their own internal or regional watchlists.		Custom list support for internal/regional lists is available; users can upload their own lists.
Automated List Updates Regularly and automatically fetches the latest list changes.		Automated list updates are performed regularly as per FinScan’s marketing.
Version Control Tracks list changes and maintains history for audit purposes.		No information available
List Capacity Maximum number of entries supported per watchlist.		No information available
Fuzzy Matching Algorithms Detects similar names or entities with variable spellings.		Fuzzy matching algorithms are a hallmark of FinScan, resulting in high match rate accuracy for variable spellings.
Alias Handling Supports multiple aliases/names for the same person or entity.		Alias handling for multiple names/identities is a specific feature included in beneficial ownership and watchlist checks.
Bulk List Import/Export Allows batch file management for lists.		Bulk import/export for list management is supported, per documentation (bulk add, update, removal of entries).
Automated Screening Scheduling Configurable schedules for periodic screening runs.		No information available
Geo-Restriction Handling Manages restricted or high-risk regions and jurisdictions.		No information available

Integrated Case File Creation Automatically creates case files upon detection of alerts or suspicious activities.		Case files are automatically created for alerts and flagged reviews within the case management framework.
Investigation Workflow Engine Guided process for analysts through investigation, review, and resolution steps.		Investigation workflow and analyst guidance is built in to the case management suite.
Audit Trail Logging Maintains detailed logs of all actions taken on a case for compliance.		Audit trail functionality is core to FinScan’s compliance offering for regulator-ready history logs.
Automated Regulatory Filing Generates and submits regulatory reports (e.g., SAR/STR) in the required formats.		Automated regulatory report generation (e.g., SAR/STR files) and e-filing compatibility available per product guide.
Role-Based Access Control Restricts and manages access to cases based on user roles or responsibilities.		Role-based access is provided for various user groups and responsibilities.
Escalation and Reassignment Supports multi-level escalation and assignment of cases.		Escalation and reassignment flows provided as part of the case workflow engine.
Case Review SLAs Tracks and enforces service-level agreements for case review duration.		No information available
Document Storage Capacity Maximum storage allocated per case for supporting documents.		No information available
Automated Case Notification Notifies relevant users upon updates, assignment, or need for action.		Automatic notifications—both assignment and case updates—are sent to relevant users as part of the workflow automation.
Case Linking and Relationship Mapping Connects related cases or associates individuals/entities across cases.		No information available

Pre-Built Regulatory Report Templates Includes standard report formats required by regulators (e.g., SAR, CTR, STR, KYC logs).		Standard regulatory report templates are included (SAR, CTR/STR, KYC logs, etc.).
Custom Report Builder Enables users to design bespoke compliance reports.		Custom report builder tools are offered as part of management’s reporting capabilities.
Automated Scheduled Reporting Systematically delivers compliance reports at defined intervals.		Scheduled, automated reporting intervals are configurable in the admin section.
Regulatory Data Retention Period Number of years for which compliance data is retained.		No information available
E-Filing Integration Supports direct submissions via regulatory authority electronic channels.		Direct electronic submission (e-filing) to regulators supported, per feature documentation.
Multi-Jurisdictional Compliance Built-in features for different global regulatory regimes.		Multi-jurisdictional compliance mapping is advertised, with features for configuring checks against different rule sets.
Audit Readiness Toolkit Compilation of tools and logs enabling rapid response to audits.		No information available
Data Anonymization/Redaction Ability to redact or anonymize sensitive customer information in reports.		No information available
Custom Regulatory Mapping Supports mapping of new or changing regulatory requirements.		No information available
Compliance Attestation Support Module for documentation and certification of compliance by officers.		No information available

API Access and Documentation Provides detailed APIs for integration with proprietary or third-party systems.		FinScan Premium provides robust API documentation and integration endpoints.
Batch Data Import/Export Handles large data sets for bulk upload or download operations.		Bulk data import/export supported for large file operations, as required in onboarding lists.
Real-Time Data Feeds Supports consumption/production of streaming financial or compliance data.		Supports real-time data feeds for sanctions, PEP updates, and alert events.
Third-Party Data Provider Integration Easy integration with external KYC/AML data sources, credit bureaus, etc.		Third-party data (KYC, PEP, credit, adverse media) is a noted integration for FinScan Premium.
Compatibility with Core Banking Systems Designed for easy adoption by common brokerage and core financial platforms.		FinScan is marketed to integrate with typical core banking and brokerage platforms.
Customizable Webhooks Triggers actions in other systems upon specific compliance events.		Customizable webhooks/notifications are available for event-based actions.
SSO and Identity Provider Support Integrates with identity management and SSO for organizational identity control.		SSO, SAML and directory/identity integration are available, supporting enterprise identity management.
Plugin/Extension Support Can be extended with add-ons for specific compliance needs.		No information available
Connector Library Size Number of pre-built connectors to standard systems/platforms.		No information available
Legacy System Support Compatible with non-modern or legacy brokerage infrastructures.		FinScan can support legacy/older IT infrastructures typical for large brokerages.

Customizable Dashboards Personalized views for compliance officers, executives, or investigators.		Configurable dashboards for compliance teams and case review are highlighted on the product site.
Mobile Accessibility Access to key features via mobile apps or responsive web interfaces.		No information available
User Workflow Automation Guided flows minimizing manual inputs in common compliance activities.		Workflow automation and guided user flows are part of the user experience.
Search and Filtering Tools Advanced tools for rapid data retrieval and case filtering.		Advanced search/filter tools are available for fast retrieval and review.
Bulk Action Tools Support for batch processing and bulk updates.		Bulk/batch actions for case and record updates are documented capabilities.
Multi-Language UI User interface offered in multiple languages.		Multi-language UI is supported, as FinScan targets global clientele.
Accessibility Compliance Meets accessibility standards such as WCAG for user inclusivity.		No information available
User Training and Help Center Built-in education modules and real-time assistance features.		User training/resources center (documentation, help portal) is included.
Custom User Roles Tailorable user permissions for granular security and workflow management.		Custom user roles/permissions assignment is available through admin interface.
Performance/Load Times Average time taken for the UI to load main dashboards.		No information available

Data Encryption In Transit/At Rest Encrypts all sensitive data both in motion and when stored.		FinScan uses industry best practices for encryption of data both in transit and at rest.
Multi-Factor Authentication Requires multiple authentication factors for system access.		Multi-factor authentication is an available security control within the product feature set.
Access Logging and Monitoring Extensive logs of all user access and administrative actions.		Access logs and monitoring are part of compliance and information security monitoring.
Penetration Testing Frequency How often the system undergoes external security assessment.		No information available
Data Residency Options Supports choice of specific regions/countries for data storage.		Data residency option to select jurisdiction for database hosting is available (per global client information and compliance requirements).
Compliance with Industry Standards Adheres to standards such as ISO 27001, PCI DSS, GDPR.		References to GDPR, ISO 27001, and standard industry compliance can be found on vendor documentation.
User Session Time-Outs Automatic log-off after a period of inactivity.		Session timeouts and idle user auto log-off are available security policy options.
Field-Level Data Masking Sensitive fields can be masked or hidden from unauthorized users.		Field-level masking for sensitive data is described in product’s data protection and privacy features.
Secure Audit Log Storage Ensures immutability and backup of critical audit logs.		No information available
Incident Response Procedures Documented processes for breach detection and notification.		Incident response and breach notification are documented in the compliance support policies.

Concurrent User Limit Maximum number of users supported simultaneously.		No information available
Transaction Processing Latency Average time to process and analyze a single transaction.		No information available
Uptime/Availability SLA Guaranteed system availability often expressed as a percentage.		No information available
Data Ingestion Rate Speed at which system can ingest new compliance data.		No information available
Horizontal Scaling Support System supports scaling across servers/nodes to accommodate growth.		Cloud-deployed SaaS model is standard and supports horizontal scaling to meet growing client needs.
Performance Monitoring Tools Built-in dashboards and alerts on system performance metrics.		Performance monitoring dashboards and system alerts are built in.
Cloud Deployment Option System can be deployed as a cloud (SaaS) or hybrid solution.		Cloud and hybrid deployment is available for global brokerage clients.
On-Premise Deployment Option Supports local/internal hosting for sensitive or regulated data.		On-premise deployment is offered and supported for clients with additional regulatory or IT security needs.
Disaster Recovery RTO Recovery Time Objective in case of system outage.		No information available
Database Size Limit Maximum database size supported without performance loss.		No information available

24/7 Support Availability Round-the-clock access to technical and compliance support.		24/7 support and response lines are documented in product marketing.
Dedicated Account Manager Single point of contact for service and issue escalation.		Dedicated account managers assigned for premium customers, per sales literature.
Self-Service Knowledge Base Extensive library of documentation, FAQs, and training material.		Self-serve knowledge base with documentation, FAQs, and training guides is available on the vendor site.
Regular System Updates Frequency of non-disruptive security, functionality and rule updates.		No information available
Custom SLA Options Ability to define support levels and response times contractually.		No information available
Uptime Guarantee Contractual uptime guarantee for system operation.		No information available
Automated Backup Scheduling Scheduled, automated backups of all system and client data.		Automated backup schedules are included as part of standard data protection.
Patch Management Tools Automation of system security patching and compliance rule changes.		No information available
User Feedback Loop Mechanisms for users to submit feedback and feature requests.		No information available
Multi-Tier Support Levels Choose from basic to premium support plans based on needs.		Multi-tier support, including premium plans, are described in support/license package options.

Transparent Pricing Model Clearly published and predictable licensing or usage costs.		No information available
Pay-As-You-Go Option Usage-based billing for modular feature access.		No information available
Volume Discounts Available Lower per-unit pricing as transaction or client count increases.		No information available
Free Trial/POC Period for free evaluation or proof of concept.		Free proof-of-concept and trial programs for evaluation are mentioned in sales process.
Feature-Based Licensing Modular pricing per individual function/module.		Feature-based/modular licensing model is offered, allowing clients to license individual modules.
Perpetual License Option Option to purchase software outright rather than as a subscription.		No information available
Annual Billing Option Discounted pricing for annual upfront payment.		Annual billing with payment discounts is a common option.
Multi-Entity Licensing Special terms for multi-subsidiary or group licensing.		No information available
Seat/User License Cap Maximum number of named users included without additional charges.		No information available
Additional Data Storage Pricing Published price per additional unit of data storage.		No information available

FinScan Premium from FinScan

Product analysis by function

AML/KYC Compliance Software for Compliance

Client Screening and Onboarding (7 Yes /7 Known /11 Possible features)

Transaction Monitoring (6 Yes /6 Known /11 Possible features)

Watchlist Management (6 Yes /6 Known /10 Possible features)

Case Management and Workflow (7 Yes /7 Known /10 Possible features)

Regulatory Compliance and Reporting (5 Yes /5 Known /10 Possible features)

Integration and Interoperability (8 Yes /8 Known /10 Possible features)

User Interface and Usability (7 Yes /7 Known /10 Possible features)

Security and Data Protection (8 Yes /8 Known /10 Possible features)

Scalability and Performance (4 Yes /4 Known /10 Possible features)

Maintenance and Support (5 Yes /5 Known /10 Possible features)

Cost and Licensing (3 Yes /3 Known /10 Possible features)