Welcome!

News Feed Item

Fin-Scan Expands Global Reach with New German Office

PITTSBURGH and MANHEIM, Germany, Feb. 3, 2014 /PRNewswire/ -- Fin-Scan GmbH, a member of the Innovative Group headquartered in Pittsburgh, PA announced the opening of its office in Manheim, Germany and its hosting facility in Frankfurt.  The new facilities were developed to provide services to Fin-Scan's rapidly growing European client base, and they complement the Group's other facilities in Pittsburgh, Cayman Islands, Canada, and London, UK.  Fin-Scan is a German registered company offering clients the protection of German data privacy laws.

The Innovative Group has been serving Europe's leading financial and insurance institutions, gaming organizations, charities, and other industries for more than 25 years.  Client concerns regarding customer privacy drove the decision to open the new facility in Frankfurt, where clients are provided the protection of German rules and regulations.

With the new data center, European clients have the option of secure Software as a Service (SaaS), or "hosted," processing for the Innovative Group's five business lines: Data Quality, Master Data Management (MDM), Data Discovery and Profiling, Address Validation, and, especially, customer-focused sanctions and Politically Exposed Persons (PEP) list screening to meet the requirements of the Third EU Directive.

"Facing government compliance mandates, many European firms are interested in a proven solution that offers ease of implementation and is cost-effective," explained Michael Ott, Innovative's senior vice president.  "Our Fin-Scan Hosted PEP and sanctions screening solution has been used by clients since 1998 and utilizes best practices developed over years of experience.  Clients can now choose from any of our sites to transmit their data.  They can license solutions or use the Internet to reach secure servers to match their customers against their preferred sanctions or PEP database, using matching parameters they define.  All suspect 'hits' are returned to them in a case management tool for review."

Clients are able to tune Innovative's software to meet their definition of quality.  Innovative's professional services group assists in the set up process so that production can be done on demand and data is returned in the matter specified by the client.  Compared to the traditional model of licensing and operating software solutions in-house, Innovative's hosted processing significantly reduces the client's investment as well as the ongoing demands on their internal personnel and hardware resources.

"We're very pleased to provide our European clients with the added service and security offered by our Frankfurt data center," said Bob Colonna, Innovative Group's president and CEO. "Having a secure data center in Germany protected by EU data privacy laws enables us to offer European organizations the valuable option of hosted processing to meet their data quality and PEP screening needs."

About the Innovative Group

The Innovative Group is a global leader in the development and delivery of high-performance enterprise data management solutions to organizations whose success depends on a complete and accurate understanding of their customers. The Company's offerings include software and services for Data Quality; advanced Data Discovery and Data Management; Address Validation and Geocoding for mainframe and open systems; MDM; Data Governance; Sanctions and PEP List Screening, CIP/KYC programs, and document verification; and specific-purpose business support applications to reduce credit losses, identify better prospects, improve customer service, better align service channels to customer value and more.

Since 1968, the Innovative Group has set the standard for designing and managing customer-centric projects, having created thousands of customer databases utilizing the firm's data models, consulting services, and data quality software.

The Innovative Group has its global headquarters in Pittsburgh, Pennsylvania, EMEA headquarters in London, additional sites in Germany, Canada, and the Cayman Islands, and representatives in Mexico, Brazil, Colombia, the Netherlands, Norway, and South Africa. Its software supports Windows, UNIX, and IBM operating systems. Its screens can easily be adapted to any language, and its software supports Unicode. Innovative's cloud-based solutions are used in more than 40 countries and process over eleven billion customer records annually.  www.innovativesystems.com.

About Fin-Scan
Fin-Scan helps organizations of all sizes comply with the anti-money laundering and anti-terrorism mandates of the 3rd EU Directive and other UK and international regulations by providing powerful, yet cost-effective, solutions for screening any volume of records – from several million to individual ad hoc checks. Utilizing the world-class data quality and data matching capabilities that are the cornerstone of all Innovative products and services, Fin-Scan facilitates the efficient and accurate screening of large volumes of records with very precise, user configurable rules for flagging suspicious records. It integrates smoothly with all third-party PEP databases, facilitates client onboarding, provides lists and 24/7/365 list management services, and helps ensure the accuracy and validity of SWIFT and other payment transaction processing. Fin-Scan's flexible delivery options include licensed or Software as a Service (including web services), desktop, and appliance.  www.finscan.com.

SOURCE The Innovative Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.