NameScan

Good, easy to use, gets it done

Comments: Good, except for naming conventions

Pros:

There are pros and cons to automated, comprehensive, fully-integrated systems. But for our workflow, we like that no integrations are required and we can use it as a standalone platform for running AML/PEP checks.

Cons:

First, Middle, and Last names work well for Western names but Asian name formats are a bit different. Many East Asian names begin with the family/surname first, and then the given names after the family name. For example, "Tan Tock Seng" - in this example, the family name is Tan and the given name is Tock Seng. But in the Namescan format, it is unclear whether Tan should be input in the First or Last name section. It is also unclear whether Tock Seng should be input as the First name (based on the fact that it is a given name), or as the Middle and Last name (based on order). Many Asian names also incorporate Western names. For example: "Tan Tock Seng, Raymond Elliot". So the person would go by "Raymond Elliot Tan" if speaking with people who use Western name conventions, or "Tan Tock Seng" if speaking with people who use Asian name conventions. The "Original Script" option is not helpful in these instances because does not allow us to input the entire name (e.g. "Tan Tock Seng, Raymond Elliot") in Latin script. It only allows non-Latin script.

Top level AML solutions tailored to specific needs

Comments: Easy to use, cost effective, great results.

Pros:

Provides excellent value for money, is easy to use, accessible, and can be tailored for specific needs.

Cons:

No real cons. The platform has evolved over the last 18-24 months. With each revision there has been a minor learning curve but the evolution has been for the better.

Alternatives Considered: GlobalGateway

Reasons for Switching to NameScan: Ability to scale based on growing need.

Name scan review

Pros:

Best Scanning solution with a wide range of watchlists.

Cons:

Pricing and availability of the Team locally in order to integrate with the Software.

Namescan review

Comments: So far we are very happy about the experience

Pros:

It is very extremely easy to use and highly intuitive

Cons:

It took me a while to get the info about the different scan specifics

Detailed PEP/SIP Scanning with Easy Integration

Comments: NameScan has allowed us to solve our AML PEP/SIP requirements in a cost effective manner with simple implementation.

Pros:

Integration was easy with well documented API. Both 'in house' and 'commercial' databases were detailed and provided valuable insights. The team are always accessible to provide support.

Cons:

Different databases required different API Versions. However, APIs were versioned and well documented so it was a simple change.