FinScan adds AI adverse media screening via Quantifind deal

FinScan, an Innovative Systems solution and a provider of anti-money laundering (AML) and sanctions compliance tools, has entered a strategic partnership with Quantifind, a supplier of AI-based financial crime risk intelligence. The collaboration will see FinScan embed Quantifind's adverse media screening capabilities into its compliance platform.

FinScan's existing suite is designed to help financial institutions meet know-your-customer (KYC), sanctions, and other regulatory obligations. The addition of Quantifind's technology aims to strengthen the detection of risks associated with negative news or media coverage tied to individuals and entities.

Quantifind brings specialized analytics meant to address financial crime across multiple domains, including sanctions investigations, payments, third-party risk, and anti-money-laundering programs. Its AI-driven approach is intended to reduce false positives and improve the efficiency of screening operations.

The partnership reflects a broader trend among compliance technology vendors to adopt artificial intelligence for more dynamic risk assessment. By integrating Quantifind's adverse media screening, FinScan expects to offer clients deeper insight into potential reputational and financial threats during onboarding and ongoing monitoring.