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What Is NameScan?
NameScan is a pay-as-You-Go AI-assisted risk management solution provider that offers a range of AML, KYB, and KYC screening solutions. Their suite of solutions, which includes PEP and sanction checks, adverse media checks, and ID verification, is designed to streamline the risk compliance process for businesses. NameScan's cost-effective solutions provide global coverage and facilitate real-time identification of risks to businesses, thus streamlining the customer onboarding process.
Who Uses NameScan?
NameScan offers solutions to industries such as Financial Services, Accounting, Betting, Insurance, Legal, Precious Metals, Superannuation, Cryptocurrency, Real Estate and all regulated industries.
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Reviews of NameScan
My initial experience with NameScan
Pros:
Dashboard is very intuitive and easy to use.
Cons:
I would prefer to have more flexibility with AML checking options.
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.
MemberCheck Response
4 years ago
Hi Dharma, Thank you so much for your thorough review of our NameScan service. We are happy that you found our platform easy to use for running AML/PEP checks. We appreciate your feedback for our naming convention. To address your point, regardless of the order of the name (whether the name is Asian or Western), you will need to input the first name and surname in their respective fields when searching. The NameScan service completely supports Asian names with different orders, variations and scripts including but not limited to Chinese, Indonesian, Vietnamese, Malay, etc. Please feel free to contact us if you need further help. Best, NameScan Team
Good and bad but the bad outweighs the good
Comments: Bad business model, bad attitude, bad customer service - all letting down a decent service under the hood
Pros:
Decent and efficient system, can be used in a small company group
Cons:
Minimum purchase of 50 credits and they make them expire after only one year. They must be making more money from non-use than from use - sharp business model
Alternatives Considered:
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.
MemberCheck Response
4 years ago
Hi Nicholas, We really appreciate taking your time to write a review for the NameScan services and we're glad that our services meet your requirements. At NameScan, we continuously make changes to our services in order to assist our clients to comply with the latest AML regulations. Please feel free to reach out to us if you have any further requirements. Best, NameScan Team
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.
MemberCheck Response
4 years ago
Hi Shaun, We appreciate you taking the time to review our NameScan services, and thank you for being a loyal customer for many years. While we understand integrating with different APIs might be a little bit challenging, we provide our clients with well-documented API guides to assist with integration. Please feel free to reach out to us if you need further support with integrations. Best, NameScan Team
