Discovery Holdings Chooses FinScan Licensed Solution for Compliance Screening

By Finscan, PRNE
Wednesday, April 21, 2010

LONDON, April 22, 2010 - FinScan, a leading international provider of sanctions, PEP and
heightened risk screening solutions for the financial services industry,
today announced an agreement with Discovery Holdings Limited, a premier
health and life insurance provider, for the use of its FinScan Licensed
screening solution. Discovery will use FinScan to screen new and existing
customers against Sanctions and PEP data sources.

Headquartered in Sandton, South Africa, and serving South Africa, the UK
and USA, Discovery's health insurance, life insurance and wellness services
are integrated with its science-based wellness programme, Vitality. This
integration has enabled Discovery to offer an array of unique and
market-leading products and benefits.

"As a highly consumer-oriented company focused on careful risk
management, we were looking for a compliance solution that would be
essentially transparent to our clients and cost-effective to both implement
and run. And of course, it also had to have the accuracy to protect us
against non-compliance," said Surina Meintjes, MLRO for Discovery. "We found
that the FinScan Licensed solution delivers the precise screening, seamless
performance and economic operation we sought."

In addition to its Licensed solution, FinScan also offers its powerful
screening capabilities as a Hosted or Internet-based ad hoc solution,
providing robust, cost-effective screening to organisations of virtually any
size - from those performing only individual look-ups to those screening
millions of records at a time.

Recognising that many financial services organisations do not have the
internal expertise or IT resources to efficiently comply with the full
anti-money laundering and anti-terrorism mandates of the 3rd EU Directive and
other UK and international regulations, all FinScan solutions offer a
complete compliance package that includes sanctions list management and
updating services, as well as automatic production of the audit and due
diligence reports that the mandates require.

"Discovery is a dynamic and forward-looking company committed to
delivering innovative, cost-effective products that foster health, wellness
and security," said John Haley, Senior Vice President, FinScan EMEA. "We're
pleased that FinScan can help them meet the demands of their compliance
obligations while keeping their attention and financial resources focused on
their primary business objectives."

Used in thousands of projects worldwide, FinScan's powerful matching
engine facilitates the efficient and accurate screening of large volumes of
records with very precise, user-configurable rules for flagging suspicious
records. This process greatly reduces the risk associated with missing real
matches (false negatives), and minimises the time and cost associated with
researching false matches (false positives).

About Discovery Holdings Limited

Founded in 1992, Discovery Holdings Limited is an authorised financial
services provider operating in healthcare cover and life insurance markets in
South Africa and the UK. It launched Discovery Invest, its investment
business, in 2007. Recently, Discovery entered into an agreement to purchase
up to 25% of Ping An Health of China. Vitality, Discovery's wellness
programme, is the largest provider of individual and corporate wellness
initiatives in South Africa, and also operates in the UK and US. The
company's core purpose is to make people healthier, and to enhance and
protect their lives through financial products that clients need and want.

About FinScan

As the compliance business division of Innovative Systems, Inc. (ISI),
FinScan protects organisations against non-compliance with the world-class
data quality and data matching capabilities that are the cornerstone of all
ISI products and services.

FinScan helps financial services organisations worldwide meet the
requirements of international government regulatory agencies by providing the
most advanced sanctions list and PEP compliance solutions available. FinScan
offers 24/7/365 list management; licensed, hosted, or transactional screening
options; and automated due diligence reports to help ensure the most
effective and accurate compliance for our clients. The FinScan Web site is
located at www.finscan.com.

Trademark Notice

FinScan is a trademark of Innovative Systems, Inc. All other products or
company names are used for identification purposes only, and may be
trademarks of their respective owners.

John Haley of Innovative Systems Incorporated, +44 (0) 1483-730446, jhaley at innovativesystems.com

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