Best Startup
Sanction Scanner is an artificial intelligence-supported compliance software that offers solutions to prevent black money and terrorist financing in the field of Regulatory Technologies (RegTech). Sanction Scanner has 3000+ sanction lists of 220+ countries, monitors and analyzes this data instantly, and presents it as a report to its users. In addition, Transaction Monitoring software monitors customer transactions in real-time to detect high-risk and suspicious transactions. Our aim with our solutions is to easily detect, prevent and minimize global money laundering crimes.
Tell us about yourself?
This is Fatih Coşkun, founder of Sanction Scanner. I’m a computer engineer. I first started my professional career in global fintech companies. I decided to start my own Startup That is how Sanction Scanner was born and the dream of being able to reduce financial crimes gives me empowerment and motivation every day.
If you could go back in time a year or two, what piece of advice would you give yourself?
First of all, as a dad, I tell myself to share more time with my kids and my family. Secondly, ı wish I was braver to take action. The third one is looking at the world with a broader range. The world is so tiny, you can understand this more clearly day by day.
What problem does your business solve?
Some organizations are obliged to comply with anti-money laundering regulations. These institutions need to create and implement a compliance program for themselves. Within the scope of the compliance program, and identity verification should be made for each customer, should determine customer risk. Then it should be determined whether there is any doubt in the customers’ transactions. These processes are quite challenges, and Sanction Scanner solves this challenge, making them more secure and effortless.
What is the inspiration behind your business?
Some organizations are obliged to comply with anti-money laundering regulations. These institutions need to create and implement a compliance program for themselves. Within the scope of the compliance program, and identity verification should be made for each customer, should determine customer risk. Then it should be determined whether there is any doubt in the customers’ transactions. These processes are quite challenges, and Sanction Scanner solves this challenge, making them more secure and effortless.
What is your magic sauce?
Sanction Scanner is loving and cares about the customers. As a team, we believe in customer satisfaction. If the customer is happy, then you will win the race. Technology is also very important. Sanction Scanner updates its data every 15 minutes, making scans more secure. It provides powerful integration with more than 30 advanced API methods and free and easy integration with the portal. In addition, it produces more effective solutions through its user-friendly interface and advanced dashboards.
What is the plan for the next 5 years? What do you want to achieve?
We want to become the leader Risk&Compliance solution provider in the World and fight and reduce Financial crime dramatically with our technology. We want to deliver our AML solutions to many more countries in the next five years. Also, we want to develop and multiply our products and raise awareness of institutions on preventing money laundering with our works.
What is the biggest challenge you’ve faced so far?
The biggest challenge we faced was that companies were not fully aware of artificial intelligence solutions to prevent money laundering. Some institutions did not show sufficient awareness of the regulations they had to comply with. We have tried to feed the industry and increase awareness with the articles, reports, webinars, and guides we have prepared on this subject.
How do people get involved/buy into your vision?
People contact us on our website, specify their AML needs, and buy our products according to their needs. Furthermore, all institutions that need AML can contact us and request a demo of our product. In addition, our products comply with AML regulations of all countries, so organizations can meet their needs with our solutions, comply with regulations, protect themselves from regulatory penalties, and minimize risks.
