--- description: Review of FinScan Software: system overview, features, price and cost information. Get free demos and compare to similar programs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: FinScan | Reviews, Pricing & Demos - SoftwareAdvice GB --- Breadcrumb: [Home](/) > [AML Software](/directory/4335/aml/software) > [FinScan](/software/334552/finscan) # FinScan Canonical: https://www.softwareadvice.co.uk/software/334552/finscan Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.uk/software/334552/finscan?page=2) > Every AML compliance professional wants to stop financial crime. To keep their organization and their community safe. In fact, if people understood what you do, they might say your kind of a superhero. What else would you call the person who stops criminals from wiping out someone’s life savings, or who fights to protect women and children from human trafficking? But it’s not easy. Regulatory complexity, speed, data quality, and mountains of information for review all stand in your way. What if you could be confident in your risk framework, your data, and your technology’s ability to filter out the noise to help you be more effective? That’s the puzzle our team at FinScan has been solving for over two decades. As it turns out, the answer was in a solution we pioneered—a data quality and precise matching algorithm that offers unmatched speed and enormous scale. FinScan helps you gain a comprehensive view of risk at every stage of the customer lifecycle. First, our advisory team can work alongside you to discover gaps and define your risk framework. Then, we put you in control like nobody else. As one of the only compliance tools with built-in data quality, we can help you assess and ensure your data is match-ready for compliance. Once your data is compliance-ready, our proprietary algorithm that can be tailored to your organization’s risk tolerance, use cases, data sources, and quality of data. Allowing you to minimize false positives while detecting hidden risk with precision. Screen transactions, companies, and customers against any compliance list. And we don’t let cultural variations in naming conventions derail your efforts. Matronymic and patronymic names and data consistency issues don’t stop FinScan from returning true, native matches. Work the way you want. We integrate into your review and escalation workflows, so you don't have to change the way you work. Everything that happens in FinScan is easy to review. Our fully-transparent, step-by-step results allow you to understand alerts and provide an explainable audit trail to regulators. Drill into an alert pair, and see exactly which fields matched and the degree of their fuzziness. Fighting financial crime doesn’t stop after onboarding. With real-time screening on payments and adverse media, you can ensure you’re staying on top of real-time risk. Companies across the globe rely on FinScan for speed, scalability, accuracy, and transparency. Learn how we can help you confidently stop financial crime in its tracks. "FinScan can deliver advanced screening and detection capabilities to a broad set of emerging markets—notably insurance, a highly complex emerging market where FinScan stands out with its tailored solutions" —Nick Vitchev, Research Director at Chartis “The FinScan Payments platform’s risk-based configuration capabilities and time-sensitive alert management directly address two persistent pain points in the industry: alert fatigue and operational inefficiency. In a rapidly evolving landscape driven by open banking, instant payments, and multi-rail infrastructures, FinScan Payments’ appreciation of the nuanced compliance and risk management requirements of modern payment ecosystems can transform compliance operations while supporting business growth.” —Chuck Subrt, Research Director, Fraud \& AML Practice at Datos Insights. “At Vanquis, compliance and operational efficiency are core to our commitment to responsible lending. Partnering with FinScan allows us to harness advanced technology that aligns with our business goals. Its scalability, configurability, and centralized capabilities make it the ideal solution to optimize our AML processes and support our growth.” —Paul Blackmore, Head of Financial Crime at Vanquis Banking Group > > Verdict: Rated **4.3/5** by 13 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.3/5** | 13 Reviews | | Ease of Use | 4.0/5 | Based on overall reviews | | Customer Support | 4.3/5 | Based on overall reviews | | Value for Money | 4.0/5 | Based on overall reviews | | Features | 4.3/5 | Based on overall reviews | | Recommendation percentage | 80% | (8/10 Likelihood to recommend) | ## About the vendor - **Company**: Innovative Systems - **Location**: Pittsburgh, US ## Commercial Context - **Pricing Details**: Please contact Innovative Systems directly for pricing information. - **Target Audience**: 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Windows (On-Premise) - **Supported Languages**: Arabic, English, French, German, Portuguese, Russian, Spanish - **Available Countries**: Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium and 209 more ## Features - AML Compliance - API - Activity Dashboard - Alerts/Escalation - Alerts/Notifications - Audit Trail - Case Management - Compliance Management - Compliance Tracking - Configurable Workflow - Data Import/Export - Data Verification - Document Storage - Fraud Detection - Identity Verification - Investigation Management - KYC Compliance - Monitoring - PEP Screening - Real-Time Data ## Support Options - Email/Help Desk - Knowledge Base - Phone Support - 24/7 (Live rep) ## Category - [AML Software](https://www.softwareadvice.co.uk/directory/4335/aml/software) ## Related Categories - [Compliance Software](https://www.softwareadvice.co.uk/directory/4363/compliance/software) - [AML Software](https://www.softwareadvice.co.uk/directory/4335/aml/software) ## Alternatives 1. 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[Shufti](https://www.softwareadvice.co.uk/software/182896/shufti-pro) — 4.2/5 (45 reviews) ## Reviews ### "Quite easy to interface with our existing systems" — 5.0/5 > **Eugene** | *10 November 2022* | Insurance | Recommendation rating: 9.0/10 > > **Pros**: From an integration/implementation standpoint, Finscan's documentation was concise and provided all the information needed to quickly start using their test environment. > > **Cons**: Certain features that one would expect to be available as standard, such as deletion of names that no longer need to be scanned, need an implementation period of a couple weeks. > > Very positive, and very good value for money compared to other sanctions/AML tools we've used in the past. ----- ### "Heavy User of FinScan" — 5.0/5 > **richard** | *16 November 2022* | Insurance | Recommendation rating: 9.0/10 > > **Pros**: The case management portion is good to use. Sanctions \& PEP screening, which utilizes the World-Check database is very thorough, as we're an international organization this is critical. > > **Cons**: Reporting needs a lot of work. It has gotten better but need more user options when creating reports. > > We utilize FinScan for our full sanctions screening (Some PEP as well) functionality, which we utilize both domestically and internationally. Additionally, FinScan retains our entire portfolio to allow for full, regular screening, which covers all updates \& changes made by all of the various watch lists. ----- ### "Asmae" — 3.0/5 > **Diariatou** | *14 November 2022* | Nonprofit Organization Management | Recommendation rating: 7.0/10 > > **Pros**: It meets the expectations of our donors. > > **Cons**: Not really user friendly and too technical vocabulary. It makes things hard to understand, you don't know which menu to use instinctively. > > Protecting the organization against corruption, terrorism and money laundering. ----- ### "Ludlow Review" — 5.0/5 > **Roger** | *10 November 2022* | Insurance | Recommendation rating: 10.0/10 > > **Pros**: Easy of use once set up and all search options are flagged > > **Cons**: Continually having to tick features when accessing search > > Good ----- ### "Long term partner" — 4.0/5 > **Susan** | *16 November 2022* | Insurance | Recommendation rating: 8.0/10 > > **Pros**: Product is easy to use. Great technical support. > > **Cons**: Would like to group some of the results more. > > We have used Finscan for over 10 years and are now looking to upgrade to the latest version. We have always been happy with the product and service. ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.uk/software/334552/finscan?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.uk/software/334552/finscan) ## This page is available in the following languages | Locale | URL | | de | | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | | fr | | ----- ## Structured Data