FinScan has reported a year of significant progress as it strengthens its real-time payments capabilities, enhances data quality controls and expands its global footprint across banking and financial services.
Over the past 12 months, the RegTech provider has focused on modernising AML operations to help financial institutions, FinTechs, insurers and payment service providers respond to increasingly complex regulatory demands.
Central to this strategy has been the expansion of its payments screening technology, including support for modern payment rails such as native IACH and Fedwire (ISO 20022). This development enables broader transaction monitoring across both real-time and batch payments, covering domestic and cross-border flows.
Innovative Systems chief operating officer Deborah Overdeput said, “Compliance can’t be reactive anymore—it has to be real time, risk-based, and built on high-quality data. Everything we delivered over the last year—from expanded payment screening to API-first data quality and trade finance enhancements—moves the industry closer to that standard. We’re proud of our momentum, but more importantly, we’re helping set the new baseline for modern AML operations and improving outcomes for our customers around the world.”
FinScan has also introduced advanced conditional logic to support more dynamic, risk-based screening. By assessing thresholds, payment corridors, counterparties and custom blocklists, the system extends detection capabilities beyond traditional list-based checks. At the same time, updates to the user interface have streamlined alert remediation processes, allowing review teams to flag key exceptions during L2 escalations and resolve cases more efficiently.
Reporting capabilities have been enhanced to provide full match histories, peer validation and clearer audit trails, strengthening governance and supporting SAR and CTR filings. In parallel, the company expanded APIs within FinScan Enhance to enable real-time data cleansing and parsing, reducing missed true hits and improving overall record integrity.
The trade finance segment has also seen notable upgrades. Field-level configuration for trade finance documents and tighter integration with major trade platforms are helping customers improve detection accuracy, while typically reducing false positives by 3-8 times.
Performance has been another key focus as FinScan’s customer base has broadened to include neobanks and paytechs with high-volume screening requirements. The platform now processes more than 100m transactions per day, delivering sub-second performance, with most transactions completing in under a quarter of a second. In high-speed, single-threaded environments, response times can be as low as 66 milliseconds per transaction.
“Our focus on continuous performance optimization while maintaining full control is one of the reasons regulated financial institutions rely on us as a high-value partner when scalability and reliability are non-negotiable,” added Overdeput.
Customer retention has also remained strong, with the company reporting a customer retention rate (CRR) of 93%, up from 92%. This significantly exceeds widely cited SaaS benchmarks of around 68%, with firms above 85% considered top performers.
To support its next phase of growth, FinScan has strengthened its leadership team with several senior appointments across strategy, product and commercial functions, positioning the business to accelerate innovation and expand its global reach as AML expectations continue to evolve.
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