LONDON, June 2, 2010 /PRNewswire/ -- FinScan, a leading international provider of sanctions, PEP and heightened risk screening solutions for the financial services industry, today announced that Connection42, a premier South African provider of advanced technical solutions, services and support, has become a partner/reseller of its full line of screening products.

Headquartered in Johannesburg, South Africa, Connection42 provides business, technical and architectural solutions to financial services organisations, including many of the members of the Johannesburg Stock Exchange (JSE). Its partnership with FinScan means Connection42 can now also assist clients in complying with the screening requirements of international anti-money laundering and anti-terrorism regulations.

Used in thousands of projects worldwide, FinScan's powerful matching engine facilitates the efficient and accurate screening of large volumes of records with very precise, user-configurable rules for flagging suspicious records. This process greatly reduces the risk associated with missing real matches (false negatives), and minimises the time and cost associated with researching false matches (false positives).

We're very pleased to partner with FinScan in offering our clients this easy-to-use, world-class suspect screening capability, said Selwyn Batista, CEO Connection42. FinScan is a natural complement to our portfolio of services and enables us to assist our clients in meeting their compliance needs.

Deployable as a licensed, hosted or Internet-based ad hoc solution, FinScan provides robust, cost- effective screening for organisations of virtually any size - from those performing only individual look-ups to those screening millions of records at a time. In addition, to assist organisations that do not have the internal expertise or IT resources to efficiently comply with the full anti-money laundering and anti-terrorism mandates of the international regulations, all FinScan solutions also offer a complete compliance package that includes sanctions list management and updating services, as well as automatic production of the audit and due diligence reports that the mandates require.

About Connection42

Founded in 1989, Connection42 offer an extensive range of IT services in order to provide unique IT Solutions to their clients. Connection42's services can be used as building blocks that can be added onto, to increase business efficiency and maximise return on investment. They present complete end-to-end IT solutions as well as focused IT needs such as, database consulting and outsourcing, application development, quality assurance, infrastructure outsourcing, disaster recovery services, and many more.

About FinScan

As the compliance business division of Innovative Systems, Inc., (ISI), FinScan protects organisations against non-compliance with the world-class data quality and data matching capabilities that are the cornerstone of all ISI products and services.

FinScan helps financial services organisations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed, hosted, or transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for our clients. The FinScan Web site is located at http://www.finscan.com.

Trademark Notice

FinScan is a trademark of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners.

SOURCE: FinScan

CONTACT: John Haley, Innovative Systems Incorporated, +44(0)1483-730446,jhaley@innovativesystems.com