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PITTSBURGH, May 13, 2021 /PRNewswire/ FinScan, a global leader in anti-money laundering (AML) compliance solutions, today announced the launch of its latest screening engine, Focus. FinScan Focus integrates advanced AI, linguistic analytics, cultural anomalies, and data insights to provide unprecedented levels of transparency and control to compliance officers looking to modernize their sanctions and politically exposed person (PEP) screening programs.
Regulatory inspections often result in additional screening obligations, including the need to screen against wider list criteria, the testing and tuning of match rules to find acceptable results, and implementing a more comprehensive screening program during onboarding. Implementing changes within tight timescales while trying to understand their impact on match rates, staffing, and overall alert volume, further strains an already over-burdened compliance workforce. Additionally, compliance
FinScan Unveils Focus, Its Next-Generation, AI-Powered AML Screening Engine
technology to produce explainable results for regulators and compliance officers
PITTSBURGH, May 13, 2021 /PRNewswire/ FinScan, a global leader in anti-money laundering (AML) compliance solutions, today announced the launch of its latest screening engine, Focus. FinScan Focus integrates advanced AI, linguistic analytics, cultural anomalies, and data insights to provide unprecedented levels of transparency and control to compliance officers looking to modernize their sanctions and politically exposed person (PEP) screening programs.
Regulatory inspections often result in additional screening obligations, including the need to screen against wider list criteria, the testing and tuning of match rules to find acceptable results, and implementing a more comprehensive screening program during onboarding. Implementing changes within tight timescales while trying to understand their impact on match rates, staff
Kharon And FinScan Partner To Deliver Critical Addition To KYC And AML Compliance
LOS ANGELES, Feb. 24, 2021 /PRNewswire/ Kharon, the research and data analytics company focused on security threats and other controversies that impact global commerce and finance, and FinScan, a global provider of AML/KYC consulting and compliance screening and monitoring solutions, today announced they have partnered to deliver curated regulatory risk datasets to customers.
While many providers offer lists of sanctioned actors and entities, Kharon uses proprietary technology and illicit finance subject matter experts to construct the network of relationships that surround these sanctioned parties in order to provide broader and more in-depth coverage. Kharon s 50 Plus, Maritime and Venezuela datasets have been integrated into the FinScan platform where existing customers can access the Kharon data to strengthen risk screening.