NameScan Pricing, Features, Reviews & Comparison of Alternatives

NameScan

Anti-money laundering tool for preventing financial crimes

4.85/5 (13 reviews)

NameScan overview

What is NameScan?

NameScan is an anti-money laundering (AML) software designed to help businesses in real estate, insurance, legal, and other industries prevent financial crimes and counter-terrorism financing (CTF) activities. The platform enables organizations to perform customer due diligence (CDD) and streamline AML compliance using adverse media screening functionality.

Organizations can use the application to perform screening for the politically exposed person (PEP) and sanctions during the client onboarding process. Features of NameScan include data backup, risk assessment, batch scanning, audit trail, compliance management, analytics, and more. It allows employees to conduct background screening on individuals or institutions against a variety of sanction watchlists such as UN, EU, DFAT, OFAC, and other governmental and law enforcement lists. It lets finance teams monitor financial transactions, automatically detect anomalies, and block suspicious activities in real-time.

NameScan facilitates integration with various third-party systems to streamline the client scanning and data synchronization processes via RESTful APIs. It also helps compliance managers monitor financial transactions, generate custom reports, and track the progress of risk statuses on a unified platform.
namescan.io

Pricing

Starting from
$0.53
Pricing options
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Australia, China, India and 4 other markets, Japan, Germany, Brazil, Mexico

Supported languages

English
NameScan screenshot: NameScan dashboardWho is a Politically Exposed Person (PEP)?NameScan screenshot: NameScan politically exposed person (PEP) detailsNameScan screenshot: NameScan search person or organization against sanction watchlist

NameScan user reviews

Excellent
11

Very good
2

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.7
  4.5
  4.8
  4.7
Dharma Sadasivan

Good, easy to use, gets it done

Used weekly for 1-2 years
Reviewed 2020-10-22
Review Source: Capterra

Good, except for naming conventions

Pros
There are pros and cons to automated, comprehensive, fully-integrated systems. But for our workflow, we like that no integrations are required and we can use it as a standalone platform for running AML/PEP checks.

Cons
First, Middle, and Last names work well for Western names but Asian name formats are a bit different. Many East Asian names begin with the family/surname first, and then the given names after the family name. For example, "Tan Tock Seng" - in this example, the family name is Tan and the given name is Tock Seng. But in the Namescan format, it is unclear whether Tan should be input in the First or Last name section. It is also unclear whether Tock Seng should be input as the First name (based on the fact that it is a given name), or as the Middle and Last name (based on order). Many Asian names also incorporate Western names. For example: "Tan Tock Seng, Raymond Elliot". So the person would go by "Raymond Elliot Tan" if speaking with people who use Western name conventions, or "Tan Tock Seng" if speaking with people who use Asian name conventions. The "Original Script" option is not helpful in these instances because does not allow us to input the entire name (e.g. "Tan Tock Seng, Raymond Elliot") in Latin script. It only allows non-Latin script.

Response from Neurocom


Hi Dharma,

Thank you so much for your thorough review of our NameScan service.

We are happy that you found our platform easy to use for running AML/PEP checks.

We appreciate your feedback for our naming convention. To address your point, regardless of the order of the name (whether the name is Asian or Western), you will need to input the first name and surname in their respective fields when searching. The NameScan service completely supports Asian names with different orders, variations and scripts including but not limited to Chinese, Indonesian, Vietnamese, Malay, etc.

Please feel free to contact us if you need further help.

Best,
NameScan Team

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 8/10

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Shaun Deans

Detailed PEP/SIP Scanning with Easy Integration

Used daily for 1-2 years
Reviewed 2020-09-25
Review Source: Capterra

NameScan has allowed us to solve our AML PEP/SIP requirements in a cost effective manner with simple implementation.

Pros
Integration was easy with well documented API. Both 'in house' and 'commercial' databases were detailed and provided valuable insights. The team are always accessible to provide support.

Cons
Different databases required different API Versions. However, APIs were versioned and well documented so it was a simple change.

Response from Neurocom


Hi Shaun,

We appreciate you taking the time to review our NameScan services, and thank you for being a loyal customer for many years.

While we understand integrating with different APIs might be a little bit challenging, we provide our clients with well-documented API guides to assist with integration.

Please feel free to reach out to us if you need further support with integrations.

Best,
NameScan Team

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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MARVA BINGHAM

NAMESCAN REVIEW

Used weekly for 6-12 months
Reviewed 2020-10-13
Review Source: Capterra

It is preventing us from writing a risk for an individual or entity that my have serious liability issues.

Pros
I do not have any issues with the software it self

Cons
What I find is that if I'm doing a search for Timothy Jones, I am receiving results for TIM Jones, it needs to be filtered for my search criteria only

Response from Neurocom


Hi Marva,

Thanks a lot for taking your time to write a review for our services. We're glad that you find our services helpful.

Regarding the exact name search, we have a feature in our platform which allows you to filter out results and view exact matches only. In order to use this feature, you will need to set the match rate to 100% and then perform a search.

Please feel free to reach out to us if need further help.

Best,
NameScan Team

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Nicholas Hulme

Top level AML solutions tailored to specific needs

Used weekly for 2+ years
Reviewed 2020-10-13
Review Source: Capterra

Easy to use, cost effective, great results.

Pros
Provides excellent value for money, is easy to use, accessible, and can be tailored for specific needs.

Cons
No real cons. The platform has evolved over the last 18-24 months. With each revision there has been a minor learning curve but the evolution has been for the better.

Response from Neurocom


Hi Nicholas,

We really appreciate taking your time to write a review for the NameScan services and we're glad that our services meet your requirements.

At NameScan, we continuously make changes to our services in order to assist our clients to comply with the latest AML regulations.

Please feel free to reach out to us if you have any further requirements.

Best,
NameScan Team

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Emanuel Sanchez de la Cerda

Using the API for a year without any major issues

Used daily for 6-12 months
Reviewed 2020-10-21
Review Source: Capterra

Pros
Namescan API is well documented and easy to implement. We have been making calls to the API for almost a year now and there was only one instance when the call failed.

Cons
There appear to be some problems with staying logged in to the dashboard on some browsers/mobile devices. Also some of the PEP information might be outdated.

Response from Neurocom


Hi Emanuel,

Thanks a lot for taking the time to write a review for our NameScan service.

We are glad that you have found our APIs easy to integrate with and well-documented.

NameScan supports major browsers and devices including but not limited to Chrome, Firefox, Opera, etc. However, there might be minor incompatibilities with some browsers, our development team are aware of this matter and are working towards addressing such issues as soon as possible.

Regarding our PEP information, we update our databases on a daily basis to ensure all the data is as accurate as possible. Every 6 months, the database undergoes a thorough review by our team to ensure the recency of the information.

Please feel free to contact us if you need further assistance.

Best,
NameScan Team

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

Minimize review

NameScan pricing

Starting from
$0.53
Pricing options
Subscription
Free trial
View Pricing Plans

NameScan offers a free trial for new users, after which the software is available across 2 pricing tiers, details of which are outlined below –
Emerald –
• 250 Scans - $375 or $1.5 per scan
• 500 Scans - $560 or $1.12 per scan
• 1000 Scans - $750 or $0.75 per scan
• 2000 Scans - $1050 or $0.525 per scan
Sapphire –
• Pay As You Go - $12 per scan
• 20 Scans - $160 or $8 per scan
• 50 Scans - $300 or $6 per scan
• 100 Scans - $500 or $5 per scan
• 150 Scans - $600 or $4 per scan
• 250 Scans - $750 or $3 per scan
• 500 Scans - $1000 or $2 per scan
• 1000 Scans - $1500 or $1.5 per scan
• 2000 Scans - $2000 or $1 per scan

NameScan features

API
Activity Dashboard
Audit Trail
Compliance Management
Data Import/Export
Electronic Payments
Real Time Data
Third Party Integration

Accounting Integration (181 other apps)
Accounting Management (205 other apps)
Automatic Notifications (181 other apps)
Billing & Invoicing (209 other apps)
Customizable Reporting (180 other apps)
Expense Tracking (171 other apps)
Financial Analysis (148 other apps)
Invoice Management (252 other apps)
Invoice Processing (169 other apps)
Multi-Currency (179 other apps)
Reporting & Statistics (297 other apps)
Workflow Management (174 other apps)

Videos and tutorials

Additional information for NameScan

Key features of NameScan

  • Anti-Money Laundering
  • Behavioral Analytics
  • Compliance Reporting
  • Identity Verification
  • PEP Screening
View All Features