PITTSBURGH, April 16, 2014 /PRNewswire/ — FinScan, a leading global provider of sanctions/Politically Exposed Persons (PEP) screening solutions, document verification, and sanctions lists today announced the opening of a data center in the Cayman Islands. The new location was added to meet FinScan’s rapidly growing international client base and complements other data centers in the United States, Canada, and Germany.
Growing client interest in software as a service (SaaS), or “hosted,” options has driven FinScan’s global expansion. The Cayman location was added to serve clients in Latin America and offshore locations such as in the Caribbean who prefer their choice of jurisdiction and location to meet data privacy concerns and operational processing windows.
“FinScan has data centers positioned in key areas of the world to improve service to our international client base,” said Bob Colonna, FinScan’s CEO. “We anticipate that the Cayman facility will provide a resource not only for our clients in the Americas, but those in EMEA and APAC as well.”
FinScan established a second Cayman facility as an extra measure of security to help ensure that customers do not experience breaks in service should there be a catastrophic failure. To date, FinScan has not had a server go out of service at any of its facilities. Clients and third parties regularly review FinScan’s security measures and perform penetration tests. All locations have passed these stringent requirements.
“Our primary focus is on providing our customers with the most efficient, secure service possible,” said Michael Ott, FinScan’s senior vice president. “Our fast implementation and record of 100% data center uptime make FinScan a safe choice for organizations requiring reliable, fast turnaround.”
The FinScan SaaS solution processes clients’ data to their specifications in either batch or interactive web services and returns the updated files/records to them. Compared to the traditional model of licensing and operating software solutions in-house, hosted processing significantly reduces clients’ initial investments as well as ongoing demands on their internal personnel and hardware resources. FinScan, on a hosted basis, screens over one billion records monthly – and this number is growing at seventy percent per annum.
“We’re very pleased to provide our clients the added service and security of our Cayman data centers,” said Ott. “Having a secure data center in this centralized region provides organizations around the globe the valuable option of hosted processing to meet their PEP and sanctions screening needs.”