4.3
Overall rating
Reviews

4.3
Overall rating
Reviews
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About FinScan

The multilingual screening software provides firms with comprehensive screening tools that counterchecks against millions of records at a single time. FinScan enables business admins to load their records and homogenize incomplete or false data for more efficient results. It also lets banks access precise matches through configurable matching rules. The platform allows entities to filter alerts with an intelligent safe list to stop repetitive reviews and improve output. FinScan helps firms save on operational and fraud occurrence costs by automatically stopping suspicious incoming and outgoing transactions. Institutions can configure alerts based on the involved amount, time, transaction type, and other priority elements. It also allows asset managers to resolve issues faster and efficiently by reviewing the alerts of different data sets from the same point. The software also leaves a clear audit trail to help explain company decisions and actions to regulatory agents or bodies.
FinScan Software - Dashboard
FinScan video
FinScan Software - Dashboard - thumbnail

FinScan pricing

FinScan does not have a free version and does not offer a free trial.

Starting Price:
Not provided by vendor
Free Version:
No
Free trial:
No

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FinScan Reviews for UK Users

Feature rating

Value for Money
4
Functionality
4.3
Ease of Use
4
Customer Support
4.3
5 reviews of 13 View all reviews
Eugene
  • Industry: Insurance
  • Company size: 51–200 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 10/11/2022

Quite easy to interface with our existing systems

Very positive, and very good value for money compared to other sanctions/AML tools we've used in the past.

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.

Response from Innovative Systems

Thank you for your feedback, we are glad to know you are enjoying your experience with us and we will take onboard your valuable comments effectively. As always, our dedicated Customer Success and Account Management Teams are at your disposal to continuously improve your AML workflow for efficient and reliable screening.

Replied 30/11/2022
richard
  • Industry: Insurance
  • Company size: 5,001–10,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
5

5
Reviewed on 16/11/2022

Heavy User of FinScan

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.

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.

Response from Innovative Systems

Thank you for your feedback, we are glad to know you are enjoying your experience with us and we will take onboard your valuable comments effectively. As always, our dedicated Customer Success and Account Management Teams are at your disposal to continuously improve your AML workflow for efficient and reliable screening.

Replied 30/11/2022
Diariatou
  • Industry: Nonprofit Organization Management
  • Company size: 11–50 Employees
  • Used Monthly for 1+ year
  • Review Source
Value for Money
3
Features
3
Ease of Use
3
Customer Support
4

3
Reviewed on 14/11/2022

Asmae

Protecting the organization against corruption, terrorism and money laundering.

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.

Response from Innovative Systems

Thank you for your feedback, we will take onboard your valuable comments effectively. In our upcoming version 6.6 we have addressed how you review matches to make the process more user friendly and hope this will help. As always, our dedicated Customer Success and Account Management Teams are at your disposal to continuously improve your AML workflow for efficient and reliable screening.

Replied 01/12/2022
Julien
  • Industry: Government Administration
  • Company size: 11–50 Employees
  • Used Daily for 1-5 months
  • Review Source
Value for Money
0
Features
4
Ease of Use
3
Customer Support
0

4
Reviewed on 16/11/2022

A powerful screening tool

We use FinScan for sanctions screening.

Pros

FinScan is among the most powerful tools for sanctions screening. I appreciate the settings possibilities to set up a configuration that fit exactly with our expectations.

Cons

Other screening solution are more user friendly than FinScan.The processing of alerts could be more clear with a better interface. It lacks a global view on the alerts, you only have a view focused on one alert. Moreover you have to create a query in order to process the alerts, that's not intuitive as you open your tool and have the alerts to be processed /in progress/ processed.

Response from Innovative Systems

Thank you for your feedback, we are glad to know you are enjoying your experience with us and we will take onboard your valuable comments effectively. In our upcoming version 6.6 we are improving the match review process to give a better customer experience and ease, we hope this will help address some of your concerns.

As always, our dedicated Customer Success and Account Management Teams are at your disposal to continuously improve your AML workflow for efficient and reliable screening.

Replied 01/12/2022
Florian
  • Industry: Insurance
  • Company size: 501–1,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
0
Features
5
Ease of Use
3
Customer Support
4

4
Reviewed on 26/10/2022

Nice tool to proceed online-screening

Pros

Easy to connect with local IT software, easy to define profils, easy to edit PDF reports and dynamics reports really interesting

Cons

1rst parameters to insert complicated, time between requests and results can change and not always optimized.

Response from Innovative Systems

Thank you for your feedback, we are glad to know you are enjoying your experience with us and we will take onboard your valuable comments effectively. As always, our dedicated Customer Success and Account Management Teams are at your disposal to continuously improve your AML workflow for efficient and reliable screening.

Replied 01/12/2022

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