FinScan Payments has recently broadened its AML and sanctions screening capabilities to include stablecoin transactions and digital wallet addresses in addition to traditional payment methods.
This enhancement places FinScan as a comprehensive compliance solution covering both traditional and digital payment channels within one integrated system.
Closing the gap in digital payments regulation
As stated in the official press release, this development tackles an emerging discrepancy in the regulatory landscape. While many financial institutions and fintech companies use separate solutions for traditional payment channels, there has been a void regarding stablecoin screenings. Given that stablecoin transactions are forecasted to amount to USD 56 trillion globally by 2030, regulators are now demanding uniform screening standards across both digital and traditional payment methods.
FinScan Payments screens every transaction against sanctions lists, politically exposed persons (PEP) lists, and dual-use goods lists across all supported channels. For cryptocurrencies, the solution checks wallet addresses and payment parties against various global sanctions lists, including those managed by OFAC, Israel’s NBCTF, Japan’s Ministry of Finance, the UK Sanctions List, and the United Nations Security Council.
Deborah Overdeput, Chief Operating Officer at Innovative Systems, highlighted that regulators expect stablecoins to be treated as active payment channels. The solution aims to provide a consistent, real-time screening framework for compliance teams, seamlessly integrating with existing AML and sanctions programs without the need for additional vendors or integrations.
Platform architecture and performance
FinScan Payments is designed on an ISO 20022-native architecture and can be integrated through a single API. It supports multiple payment channels, including SWIFT and cross-border wire transfers, SEPA and regional real-time rails, as well as domestic real-time systems like RTP, FedNow, IACH, Fedwire (ISO 20022), and Faster Payments.
Regarding processing capabilities, the platform manages over 100 million transactions daily. Certain configurations process transactions in less than ten milliseconds, with P90 latency below 80 milliseconds. The system includes robust audit controls and is built to meet the settlement times and service level agreements required by instant payment systems and stablecoin infrastructure.
This update signifies a significant shift in regulatory expectations for digital asset compliance. As the use of stablecoins grows across both retail and institutional payments, compliance tools must adapt to handle the speed and scale of digital transactions without disrupting real-time payment processes.
