FinScan vs OFAC API
FinScan
finscan.com
OFAC API
ofac-api.comSide by side
| Figure | FinScan | OFAC API |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 1 |
| Spec score · Sanctions Screening Software | 7.4 (#10) | 7.3 (#13) |
| Headquarters | FinScan lists its headquarters at 790 Holiday Drive, Pittsburgh, Pennsylvania 15220-8127, United States. | Florida, United States |
| Industries | FinScan identifies banking, insurance, fintech, healthcare, real estate, wealth management, and government among the industries it serves. | The site describes use cases for banking and financial institutions, insurance, payment processors, and remittance businesses. |
| Matching | FinScan says its matching technology can reduce false positives by up to 80%. | Its fuzzy matching uses Jaro-Winkler character similarity and Soundex phonetic matching, with configurable thresholds for potential matches. |
| Purpose | FinScan provides AML and sanctions screening with KYC checks, data quality tools, and precision matching. | OFAC API provides sanctions screening for KYC, AML, and other compliance workflows. |
| Support | FinScan’s contact page provides a customer support option and invites organizations to speak with a solution expert. | The site offers technical support through its team and directs users to contact them for subscription-level changes. |
Plans
In their own words
FinScan
FinScan is an AML and sanctions-screening platform for organizations that need KYC checks, data quality controls, and precision matching. It screens sanctions, politically exposed persons, adverse media, payments, and watchlists. Before screening, its data-quality tools identify missing, inconsistent, or duplicate customer information. FinScan says its matching technology can reduce false positives by up to 80%. Deployment options include SaaS, on-premise, and hybrid setups. Processing supports real-time screening and batch work involving hundreds of millions of records. An open API can send results to web-services-enabled applications. Payment screening covers SWIFT, ISO 20022, SEPA, FedNow, Fedwire, ACH, and instant-payment flows. The product supports API access, batch screening, transaction screening, PEP screening, ongoing monitoring, and custom list management. Listed controls include AES-256 encryption at rest, TLS 1.3 in transit, role-based access control, and immutable audit logs. FinScan identifies banking, insurance, fintech, healthcare, real estate, wealth management, and government among its industries. It runs through API, self-hosted, and web platforms. Pricing is on request, with a demo required.