Finch Innovate has announced the global expansion of FinchSCAN, its software-as-a-service platform for digital onboarding, identity verification and anti-money laundering screening.
The company said the expanded platform is designed to help businesses onboard individuals and corporate customers while managing compliance requirements across multiple countries.
Headquartered in Dubai, Finch Innovate also has an India office in Kochi. The company provides anti-money laundering, electronic know-your-customer and risk-management solutions for financial and non-financial institutions.
FinchSCAN combines know-your-customer, or KYC, verification for individuals with know-your-business, or KYB, checks for corporate entities.
According to the company, customers can complete onboarding remotely using document validation and liveness checks. Businesses can also verify corporate entities and authorised representatives and continuously monitor changes in their risk status.
Anti-money laundering screening is used to check customers and organisations against sanctions lists, watchlists and other risk databases. It helps businesses identify potentially high-risk customers and meet regulatory due-diligence requirements.
Finch Innovate said the platform can be used without geographic restrictions, allowing companies operating in more than one market to apply consistent compliance processes across their customer base.
The company said FinchSCAN supports data-protection requirements associated with the European Union’s General Data Protection Regulation, India’s Digital Personal Data Protection Act and applicable personal-data protection laws in Gulf markets.
FinchSCAN is offered through a software-as-a-service model with pay-as-you-go plans. According to the company, businesses do not need to purchase hardware or incur implementation costs.
“This launch marks a significant milestone in FinchSCAN’s global journey. We are expanding beyond geographic boundaries to deliver compliance technology built for the realities of different regulatory markets and not a one-size-fits-all solution,” said Basil Salah, Managing Director of Finch Innovate.