Innovative Systems Tops Data Quality Analyst Report in Technology and Customer Service

Innovation and customers-first approach drive company’s success

PITTSBURGH, August 25, 2021 – Innovative Systems (Innovative), a global leader in the development and delivery of high-performance enterprise data management and risk management solutions, has for the fifth year in a row been identified as a technology leader by The Information Difference analyst group in their 2021 Data Quality Landscape report. Innovative was ranked #1 in both technology and customer satisfaction of the 45 participating software vendors through an evaluation comprising technology breadth, longevity, and analyst perception, with a heavy emphasis on customer feedback.

“Organizations are becoming more and more aware of the critical need for good quality data and the positive effect it has on the bottom line,” said Andy Hayler, president and CEO of The Information Difference. “Innovative Systems has been a leader in the data quality space for decades. An emphasis on innovation and customer service positions them at the top of this report once again.”

Innovative is able to deliver to its customers accurate enterprise data in the fastest time due to its AI-enabled, crowdsourced knowledgebases that are the foundation of all of the company’s solutions. These proprietary knowledgebases, comprised of millions of words, phrases, and patterns, are continuously updated based on crowdsourced customer feedback to deliver the most current and robust set of words and data quality rules to customers.

Innovative extended its data quality expertise 20+ years ago to address the growing need for accurate data in risk and compliance initiatives, becoming a leader in the anti-money laundering (AML) software space. Its FinScan AML screening solutions provide compliance departments worldwide with better data with which to effectively and efficiently meet stringent global regulatory requirements by improving their data and match quality. Some of the largest companies in the world, from banks, insurance companies, and money processers to gaming organizations, NGOs, and many others rely on Innovative’s FinScan technology to accurately screen their customers and business partners against government sanctions and other lists in the fight against financial crime.

“We are thrilled to again be recognized as the leading data quality software vendor,” said Bob Colonna, Innovative’s CEO and president. “As a pioneer and leader in the data quality space, we continue to use our computational linguistic skills to improve our products and develop new technology. Our state-of-the-art solutions provide organizations with accurate data needed to scale and improve marketing and decision making. Accurate data is key to managing the risk of money laundering and terrorist financing. We appreciate the support of our customers in more than 65 countries and look forward to many more years of being a part of their success.”

About Innovative Systems, Inc.
Innovative Systems delivers data solutions that offer actionable insight and enable our customers to identify the hidden opportunities or risks in their data. Since 1968, we have pioneered best-in-class data quality, data management, and risk and compliance solutions. Innovative’s on-premise and cloud-based (SaaS) offerings deliver dramatic, measureable improvements in accuracy, cost, and time to production over alternatives.

About FinScan
FinScan, the compliance brand of Innovative Systems, Inc., is a global provider of advanced AML/KYC consulting and compliance solutions trusted by leading organizations around the world. Based on decades of experience in data quality and AI-based data matching technologies, FinScan’s unparalleled accuracy helps minimize false positives while reducing the risk of missing true hits. FinScan’s comprehensive offerings include sanctions and PEP screening, UBO due diligence and screening, SWIFT/transaction screening and monitoring, ID authentication and data enrichment capabilities. FinScan has operations in six countries and offers flexible deployment options including on-premise, SaaS and hybrid.

Karin O’Sullivan

Vice President, Marketing Communications