Codevist Technology, providing various products and services in the field of Banktech and Fintech, introduced its first global product Sanction Scanner.
The compliance processes are very troublesome for companies working in the financial field.
Accessing the different sanctions lists of each country, setting up the structure to question them, integrating them with your system and keeping this structure up-to-date are never as easy as it seems.
Sanction Scanner is a software product developed by Codevist Technology, that monitors the sanction lists of 13 countries for now, reports and transmits the data to its customers with easy-to-understand notifications, and enables querying via web screens and API.
Sanction Scanner, which also allows you to query Politically Exposed Person, comes into prominence with features like API integration support, querying via web screens, multi-user creation. You can query with individual or company informations.
At the same time Sanction Scanner allows you to make inquiry with the passport number and local identity numbers.
The Sanction Scanner keeps sanctions and pep lists always up to date. The Sanction Scanner allows you to create and manage your own blacklists on the application via screens and available APIs.Sanction scanner, which allows you to get your search results as reports, can also provide GDPR compliant proofs through the application in order to provide evidence to financial institutions for possible audits and controls.
Sanction Scanner, which already has API support and a Developer Portal for developers and is used in many business lines, is used by financial institutions from domestic and abroad, money transfer companies and crypto exchanges.
Fatih Coşkun , co-founder and CEO of Codevist Technology, decided to go abroad about a year ago, but said that due to the dynamics of the markets, they could not proceed too far. He added that while they are strengthening Sanction Scanner with new lists and features, they want to increase the number of customers abroad and make moves towards this.
Coşkun stated that they are working on new solutions for global markets and they will announce two more products for the global market in the coming period, and that Europe and the Gulf region are the priority markets for them.