FinScan and Connection42 Unite to Bring Advanced Compliance Screening to South African Firms

By Finscan, PRNE
Monday, May 31, 2010

LONDON, June 2, 2010 - FinScan, a leading international provider of sanctions, PEP and
heightened risk screening solutions for the financial services industry,
today announced that Connection42, a premier South African provider of
advanced technical solutions, services and support, has become a
partner/reseller of its full line of screening products.

Headquartered in Johannesburg, South Africa, Connection42 provides
business, technical and architectural solutions to financial services
organisations, including many of the members of the Johannesburg Stock
Exchange (JSE). Its partnership with FinScan means Connection42 can now also
assist clients in complying with the screening requirements of international
anti-money laundering and anti-terrorism regulations.

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).

"We're very pleased to partner with FinScan in offering our clients this
easy-to-use, world-class suspect screening capability," said Selwyn Batista,
CEO Connection42. "FinScan is a natural complement to our portfolio of
services and enables us to assist our clients in meeting their compliance
needs."

Deployable as a licensed, hosted or Internet-based ad hoc solution,
FinScan provides robust, cost- effective screening for organisations of
virtually any size - from those performing only individual look-ups to those
screening millions of records at a time. In addition, to assist organisations
that do not have the internal expertise or IT resources to efficiently comply
with the full anti-money laundering and anti-terrorism mandates of the
international regulations, all FinScan solutions also 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.

About Connection42

Founded in 1989, Connection42 offer an extensive range of IT services in
order to provide unique IT Solutions to their clients. Connection42's
services can be used as building blocks that can be added onto, to increase
business efficiency and maximise return on investment. They present complete
end-to-end IT solutions as well as focused IT needs such as, database
consulting and outsourcing, application development, quality assurance,
infrastructure outsourcing, disaster recovery services, and many more.

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

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