LONDON, September 20 /PRNewswire/ --

- Integrated offering delivers comprehensive solution for Third EU 
Directive compliance

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, now enables clients to
screen against the widely-used World-Check database of high-risk individuals
and business entities. The availability of this heightened risk entity
database through Fin-Scan Hosted provides financial services institutions an
unmatched solution for ensuring compliance with international regulations,
such as the Third EU Directive, which are aimed at preventing
money-laundering, terrorist financing and other criminal behavior.

Fin-Scan's solutions enable financial services firms worldwide to screen
their customers and associates against virtually any published sanctions
list, as well as internal risk lists and industry-specific lists. Whereas
other hosted screening services are limited to single client look-ups or
small 'bulk' comparisons, Fin-Scan Hosted provides these capabilities and the
critical ability to screen tens of millions of client records in a single
process against the World-Check database of Politically Exposed Persons
(PEPs), money launderers, fraudsters, terrorists and sanctioned entities.

Used in more than 1,000 projects worldwide, Fin-Scan's robust matching
engine facilitates the efficient and accurate screening of large volumes of
records with very precise rules for flagging suspicious records. This process
significantly reduces the risks and costs associated with missing important
matches (false negatives) and researching excessive preventable matches
(false positives).

"Hundreds of millions of customer records have been processed by Fin-Scan
for large and small financial services companies alike," said Mike Healy,
Fin-Scan's executive vice president of sales. "Fin-Scan Hosted, in
partnership with World-Check, enables organizations to quickly deploy an
industry-leading PEP compliance solution without consuming significant
amounts of scarce internal IT resources. Furthermore, clients know they can
bring the solution in-house if and when the time is right," concluded Healy.
Several clients have already signed up for the Fin-Scan Hosted service,
including Legal & General and Birmingham Midshires.

To support the crucial process of reviewing suspicious records, Fin-Scan
provides reports identifying matches to the World-Check database, along with
a fully secure, web-based case management and review tool to assist clients
in their review and enhanced due diligence. Clients are also given direct
access to supporting information available through World-Check's secure
portal. 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.

"World-Check's partnership with Fin-Scan enables our clients to perform
PEP compliance in line with the Third EU Directive on schedule and without
compromise. We are pleased to extend this integrated offering to our
clients," said Patric Marshall, World-Check's director of sales for Europe,
Middle East and Africa.

About World-Check

World-Check is relied upon by more than 2,000 institutions including over
200 regulatory and government agencies in more than 14 countries. 46 of the
top 50 banks in the world, and 18 of the top 20 European banks use
World-Check to reduce their Know Your Customer (KYC) and PEP risk.
World-Check is the de facto industry standard for highly structured KYC and
PEP intelligence.

About Fin-Scan

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

Fin-Scan helps financial services organizations 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 organizations 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 Notice

i/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.fin-scan.com
              http://www.innovativesystems.com