FinScan has expanded its FinScan Payments solution to include screening for stablecoin transactions and digital wallet addresses across global sanctions lists.
The updated solution allows firms to screen stablecoin payments and digital wallets alongside traditional payment rails within a single compliance framework, removing the need for additional vendors or system integrations. Every payment is screened simultaneously against sanctions, politically exposed persons (PEP), and dual-use goods lists across all rails.
Supported sanctions lists include those from OFAC, Israel’s NBCTF, Japan’s Ministry of Finance, the UK Sanctions List, and the United Nations Security Council, all selectable by the customer. The solution is built on an ISO 20022-native architecture and connects via a single API integration, covering SWIFT and cross-border wires, SEPA and regional real-time rails, domestic real-time payment schemes such as RTP, FedNow, IACH, Fedwire, and Faster Payments, in addition to the newly added stablecoin and digital wallet screening.
Stablecoin transaction volumes are projected to reach $56 trillion globally by 2030, and regulators increasingly expect them to be treated equivalently to traditional payment rails, including screening at origination. Despite this, most financial institutions currently rely on point solutions for conventional rails, leaving a compliance gap around stablecoins.
FinScan, part of Innovative Systems, develops AML and sanctions screening technology for fintechs and financial institutions. Its payments screening product is designed to support compliance programmes at scale across both legacy and emerging payment infrastructure.
FinScan Payments is built for high-throughput environments, processing in excess of 100 million transactions daily. Certain configurations achieve processing times below 10 milliseconds, with P90 latency under 80 milliseconds, while maintaining full audit controls and meeting the settlement timeframes required for instant payments and stablecoin rails.
Innovative Systems chief operating officer Deborah Overdeput said, “Stablecoins are a live and growing payment rail, and regulators expect institutions to treat them that way. With FinScan Payments, we’re giving compliance teams a single, real-time screening framework across every traditional and digital rail. That means consistent, explainable screening that extends existing AML and sanctions programs seamlessly into digital wallets and stablecoins.”
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