LONDON, April 8 /PRNewswire/ --

- Imminent FSA visits drive move to quickly deployable Hosted AML 
Solution

Fin-Scan, a leading provider of sanctions list and PEP compliance
screening solutions for the financial services industry, today announced that
its software-as-a-service solution, Fin-Scan Hosted, is gaining momentum with
financial services organisations seeking to quickly implement an AML
screening program as part of the 3rd EU Directive. Fin-Scan Hosted can be
installed and fully operational across any organisation in a matter of days.

Now that the December 2007 deadline for complying with the 3rd EU
Directive has come and gone and more firms face an imminent FSA visit, the
speed of deployment of a hosted solution has become increasingly attractive.
Outsourcing 3rd EU Directive compliance may offer particular appeal for UK
organisations, as a recent survey conducted by KPMG International found that
UK financial services companies are more than 3 times as likely to outsource
some of their AML functions than their counterparts in the rest of Europe.

Whereas other hosted screening services are limited to single client
look-ups or small 'bulk' comparisons, Fin-Scan's Hosted solution provides
financial services firms worldwide with the ability to screen any number of
customers and associates in a single process against all PEP (Politically
Exposed Persons) databases of money launderers, fraudsters, terrorists and
sanctioned entities, such as World-Check, as well as any published sanctions
lists, internal risk lists and industry-specific lists.

In addition, Fin-Scan Hosted now offers users the option of bringing the
solution in-house at any point during the contract term. This gives
organisations that require an immediate implementation of an AML screening
solution the flexibility to move to a licensed solution at a later date if
they so desire. Protection of Investment is guaranteed with a large
percentage of the costs invested in the hosted service being credited towards
the in-house license.

"Fin-Scan Hosted offers financial services firms a unique opportunity to
combine industry-leading PEP screening capability with fast, hassle-free
deployment," said Mike Healy, Fin-Scan's executive vice president EMEA
operations. "Plus, clients have the added advantage of being able to bring
the solution in-house at any time they feel it's appropriate," Healy
concluded. Fin-Scan's Hosted PEP screening service has already been utilised
by companies such as Legal & General, Birmingham Midshires, Marex Financial,
and many more.

About Fin-Scan Hosted

Fin-Scan Hosted delivers proven, world-class PEP screening performance on
an economical, easy-to-manage, SaaS (Software as a Service) basis. It can
meet all of an organisation's customer screening needs -- from millions of
records to one -- yet it can be deployed enterprise-wide in just a few days.
Its screening parameters, volumes and schedules can be customised to meet an
individual organisation's business and operational needs.

To support the crucial process of reviewing suspicious records, Fin-Scan
produces detailed reports identifying matches to the client's selected PEP
database, along with a fully secure, Web-based case management and review
tool. This unique tool assists clients in their review and enhanced due
diligence by providing direct access to supporting information from the AML
database. To further streamline review operations for improved results and
reduced costs, comprehensive audit trail, management reporting and
'safe-list' functionality are also built into the hosted service.

About Fin-Scan

As the compliance business division of Innovative Systems, Inc., (ISI),
Fin-Scan protects organisations against non-compliance with the world-class
data quality and data matching capabilities that are the cornerstone of all
ISI products and services.

Fin-Scan helps financial services organisations worldwide meet the
requirements of international government regulatory agencies by providing the
most advanced sanctions list and PEP compliance solutions available. Fin-Scan
offers 24/7/365 list management; licensed, hosted, or transactional screening
options; and automated due diligence reports to help ensure the most
effective and accurate compliance for our clients. The Fin-Scan Web site is
located at http://www.fin-scan.com.

About Innovative Systems, Inc. (ISI)

Innovative Systems is a world leader in delivering enterprise customer
information solutions to organisations whose success depends on a complete
and accurate understanding of their customers. ISI's data quality and data
management solutions include the i/Lytics(R) Enterprise Data Quality Suite;
i/Lytics GLOBAL(TM) a CASS-certified address verification solution; and
Synchronos(TM), a master data management solution for enterprise customer
data.

Since 1968, companies worldwide have relied on ISI's data quality
software, systems integration, database solutions and customer data quality
audits. The company has set the standard for data quality management in
thousands of applications in more than 30 countries. ISI maintains
headquarters in Pittsburgh, Pennsylvania, with European operations based in
London. The Innovative Web site is located at
http://www.innovativesystems.com.

Trademark Noticei/Lytics, i/Lytics GLOBAL, Synchronos and Fin-Scan are
trademarks of Innovative Systems, Inc. All other products or company names
are used for identification purposes only, and may be trademarks of their
respective owners.

Web site: http://www.innovativesystems.com
              http://www.fin-scan.com