Vanquis Banking Group selects FinScan to optimise AML processes
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Vanquis Banking Group selects FinScan to optimise AML processes 25 March 2025US Reporter: Jack McRae
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Vanquis Banking Group has chosen FinScan to strengthen its AML processes and financial crime risk management.
FinScan will help the firm centralise its AML processes through a unified platform and aims to offer greater accuracy, scalability and explainability through the integration of diverse data sources.
Paul Blackmore, head of financial crime at Vanquis Banking Group, says: “At Vanquis, compliance and operational efficiency are core to our commitment to responsible lending. Partnering with FinScan allows us to harness advanced technology that aligns with our business goals. Its scalability, configurability, and centralised capabilities make it the ideal solution to optimise our AML processes and support our growth.”
Steve Maul, chief revenue officer of Innovative Systems, adds: “This partnership marks a significant step forward in further strengthening the bank’s resilience against financial crime while maintaining its unwavering commitment to customer-centric innovation.”
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