FinScan Introduces Native Script Compliance Screening in 20+ LanguagesBy Finscan, PRNE
Monday, December 6, 2010
Support of original character sets facilitates client screening process
PITTSBURGH, December 7, 2010 - 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
"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'
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.
Karin O'Sullivan, Innovative Systems, Inc., +1-412-937-7678, kosullivan at innovativesystems.com
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