The banking industry is very dynamic. Regulations and technologies in this sector are changing very fastly. Big corporates need to comply with regulations, specifically on financial crime regulations. Sanction Scanner is helping banks to get easily comply with the latest AML/CFT regulations.
Banks open accounts for thousands of new customers every day. Banks need to speed up this process in compliance with AML and KYC obligations. Sanction Scanner database contains more than one thousand five hundred sanction lists and PEP lists and hundreds of thousands of adverse media data. With our AML Screening Software, banks can scan their customers in seconds during the customer onboarding process via the web or API.
False positives are a headache for banks. We know it and we aim from the beginning to reducing them. With Sanction Scanner enhanced analytics algorithm and search capabilities, you can reduce false positives. You can see all customer's potential risks, including Sanctions, PEPs and watchlists in on one page and create reports. You can add your customers to whitelists or memo records for them. In addition, with our transaction monitoring software, you can create special dynamic rules and scenarios and prevent false alarms.
Sanction Scanner provides enhanced AML Transaction Monitoring Software . Our AML Transaction Monitoring Software provides end-to-end features that enable banks to meet their AML & CFT obligations. Enjoy your powered and accelerated compliance process with dynamic rules and scenarios, advanced sandbox test environment, real-time alarms and risk-based scorecard features. With user-friendly alarm management dashboard and case management dashboard, you can review all past transactions and assign tasks to your teammates.
Sanction Scanner can work with APIs and Web/Mobile Screens. Technical teams are always busy. But integrating with Sanction Scanner is very easy, it takes only a few hours of the technical team. We have a very detailed Restful API document and a lot of integration options. Also, our integration specialists will support your technical teams when they need help.
A fast customer onboarding process that complies with AML regulations is essential for both businesses and customers. Businesses can search for old customers or new customers in the AML & PEP data of Sanction Scanner from more than two hundred countries and perform a fast and secure customer onboarding process. This case study provides information on how Sanction Scanner helps financial institutions ensure AML and KYC compliance while customer onboarding processes.