FinScan Introduces Native Script Compliance Screening in 20+ Languages

Support of original character sets facilitates client screening process

Dec 07, 2010, 00:05 ET from FinScan

PITTSBURGH, Dec. 7, 2010 /PRNewswire/ -- FinScan, a leading global provider of sanctions, PEP and heightened risk screening solutions, today announced the release of FinScan 3100, which supports all ISO-classified character sets, including Russian, Ukrainian, Georgian, Japanese, Korean, Chinese and Greek, and allows clients to automatically screen customers and transactions in any available high risk database. To support the native characters in source and customer files, FinScan's new technology maintains the original character names in its client database and allows rapid development of screens in any language requested by clients. To date, FinScan screens are offered in English, Chinese and Spanish.

"We're very pleased to be able to offer these native language enhancements to our clients worldwide," said Michael Ott, senior vice president at FinScan, "especially in light of heightened requirements for accuracy and due diligence demanded by recent Iran-focused screening mandates. Clients naturally feel more comfortable and confident performing screening and case management review in their native script and using screens presented in their native language."

FinScan's native language enhancements are available across its full line of solutions: licensed, hosted and Internet-based transactional screening. Case review may be outsourced to FinScan or performed in-house.  FinScan's customer education programs include topics such as understanding and determining match rules and utilizing case review tools.

Driven by a robust matching engine that has been proven in thousands of implementations worldwide, FinScan facilitates the efficient and accurate screening of customers with very precise, user-configurable rules for flagging suspicious records. It can be used to screen customers against virtually any PEP or sanctions database or list; or trade or industry sanctions list.   FinScan processes billions of transactions annually on a hosted basis for clients in the Americas, Europe, the Middle East and Africa.  Its clients include financial service companies, transportation authorities, government agencies, and companies needing to screen suppliers, clients, and employees.  FinScan can be easily interfaced with ERP solutions such as SAP, as well as payment, shipping invoice, and financial services firms' application systems.

All FinScan solutions provide a comprehensive compliance package that includes sanctions list management and updating services, and automatic production of the audit and due diligence reports that U.S. and international mandates require. The FinScan Web site is located at www.finscan.com.

SOURCE FinScan



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