Finch Innovate has relaunched FinchSCAN as an AI-powered digital onboarding and AML compliance platform, expanding it from a standalone screening tool into a comprehensive end-to-end solution.
The upgraded platform combines digital onboarding for corporate and individual clients with AML screening and ongoing monitoring, addressing challenges faced by institutions dealing with fragmented compliance systems, manual workflows, and reactive risk detection.
FinchSCAN is built around three core capabilities, including secure digital onboarding with automated KYC workflows, advanced AI-driven risk scoring for AML screening, and continuous customer monitoring to detect suspicious activity patterns. The platform is designed to integrate with existing compliance infrastructure, allowing institutions to adopt it without replacing their full systems.
Basil Salah, Managing Director, Finch Innovate, stated that the platform shifts compliance from a cost centre to a strategic advantage by automating processes, improving risk intelligence, and enabling continuous monitoring within a single SaaS framework.
The relaunch reflects growing demand in the RegTech market for integrated and scalable compliance solutions, particularly in regions where institutions are navigating evolving regulatory requirements and increasing financial crime risks.
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