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Sanction Scanner VS Signifyd

Compare Sanction Scanner VS Signifyd and see what are their differences

ComplyCube
Verify your customers in under 15 seconds anywhere in the world with a cutting-edge SaaS & API platform for Identity Verification and AML/KYC compliance. featured
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Sanction Scanner logo Sanction Scanner

Sanction Scanner is an Anti-Money Laundering compliance software. Sanction and PEP screening service on thousands of Sanction and PEP lists in our AML database.

Signifyd logo Signifyd

Signifyd is a SaaS-based, enterprise-grade fraud technology solution for e-commerce stores.
  • Sanction Scanner Landing page
    Landing page //
    2022-09-14

Sanction Scanner helps you search and analyze for Persons and Entities on Sanctions and other official lists. Sanction Scanner provides enhanced global sanction screening services to support your compliance program. It reduces your operational costs and development efforts.

  • Signifyd Landing page
    Landing page //
    2023-09-17

Sanction Scanner features and specs

  • Comprehensive Coverage
    Provides extensive data on sanctions, PEPs (Politically Exposed Persons), and adverse media from multiple global sources, ensuring thorough risk assessment.
  • Real-Time Updates
    Offers real-time updates to ensure businesses are always compliant with the latest sanctions and regulations.
  • Customizable Reports
    Allows users to generate tailored reports based on specific criteria, providing flexibility in how information is presented and used.
  • User-Friendly Interface
    Features an intuitive and easy-to-navigate interface, which simplifies the compliance process for users.
  • API Integration
    Provides API support for seamless integration with existing systems, enhancing operational efficiency.
  • Scalability
    Scalable to the needs of different sizes of organizations, catering to small businesses as well as large enterprises.

Possible disadvantages of Sanction Scanner

  • Cost
    Can be expensive for small businesses or startups with limited budgets.
  • Complex Setup
    Initial setup and integration might be complex and time-consuming for some users, requiring technical expertise.
  • Data Overload
    The extensive data provided can sometimes be overwhelming, making it challenging to filter through unnecessary information.
  • Dependency on Internet Connection
    Requires a reliable internet connection for real-time updates and efficient operation, which might be a limitation in regions with poor connectivity.
  • Learning Curve
    Despite its user-friendly interface, there may still be a learning curve for users unfamiliar with compliance software.

Signifyd features and specs

  • Comprehensive Fraud Protection
    Signifyd provides end-to-end protection against fraud, leveraging artificial intelligence and machine learning to identify and prevent fraudulent transactions.
  • Guaranteed Chargeback Protection
    The service offers guaranteed chargeback protection, meaning that if a chargeback does occur, Signifyd will cover the cost, providing peace of mind for merchants.
  • Seamless Integration
    Signifyd integrates easily with major e-commerce platforms like Shopify, Magento, and BigCommerce, simplifying the onboarding process for merchants.
  • Improved Customer Experience
    By reducing false declines and providing a smoother checkout process, Signifyd helps improve the overall customer experience.
  • Advanced Analytics
    The platform offers robust analytics tools that allow merchants to gain insights into their fraud landscape, helping them make informed decisions.

Possible disadvantages of Signifyd

  • Cost
    The service can be relatively expensive, particularly for small businesses, given the fees associated with advanced fraud protection.
  • Complexity
    Implementing and configuring the service to meet specific business needs can be complex and may require dedicated resources.
  • False Positives
    Despite its sophisticated algorithms, Signifyd can occasionally block legitimate transactions, which can frustrate customers and potentially lead to lost sales.
  • Dependency on Platform Support
    Merchants who use less common or custom-built e-commerce platforms may face challenges with integration, as Signifyd's seamless integration features are primarily tailored for popular platforms.
  • Learning Curve
    New users may experience a learning curve in understanding how to effectively use all the features and analytics tools provided by Signifyd.

Analysis of Sanction Scanner

Overall verdict

  • Sanction Scanner is considered effective by many organizations for maintaining compliance and enhancing the efficiency of their AML processes. Users generally appreciate its ease of integration, user-friendly interface, and comprehensive coverage of global sanctions lists. However, the specific effectiveness often depends on an organization's unique needs and existing compliance strategies.

Why this product is good

  • Sanction Scanner is a tool designed to help organizations comply with global sanctions and anti-money laundering (AML) regulations. It provides features such as real-time monitoring, comprehensive AML data, and automated screening processes. These functionalities leverage advanced technology to minimize the risk of non-compliance and streamline due diligence processes.

Recommended for

    Financial institutions, legal firms, multinational corporations, compliance officers, and any organization that needs to adhere to global AML and sanctions regulations could benefit from using Sanction Scanner.

Analysis of Signifyd

Overall verdict

  • Overall, Signifyd is a good choice for businesses seeking reliable fraud protection services. Its advanced technology and wide-ranging integration capabilities make it a strong contender in the fraud prevention industry. However, like all services, it is important for businesses to assess their specific needs and requirements before making a final decision.

Why this product is good

  • Signifyd is generally well-regarded for its comprehensive fraud protection services geared towards e-commerce businesses. The platform utilizes machine learning and big data to analyze transactions in real-time, helping merchants prevent fraudulent activities. By integrating seamlessly with various e-commerce platforms, Signifyd provides a robust shield against chargebacks and enhances transaction security, making it a valuable partner for online businesses. Additionally, the company's 100% financial guarantee on approved orders offers an added layer of confidence to users.

Recommended for

  • E-commerce businesses looking for real-time fraud prevention solutions.
  • Merchants aiming to reduce the risk of chargebacks and fraudulent transactions.
  • Online stores seeking a service that offers financial guarantees on approved orders.
  • Companies desiring seamless integration with existing e-commerce platforms.

Sanction Scanner videos

+ Add

How Sanction Scanner Works

Signifyd videos

+ Add

Signifyd Review: Top Cybersecurity Review Companies - AngelKings.com

More videos:

  • Review - 2020 The TEI of Signifyd Guaranteed Fraud Protection
  • Review - Signifyd - Future of Fraud Prevention

Category Popularity

0-100% (relative to Sanction Scanner and Signifyd)

Sanction Scanner

Signifyd

Security & Privacy
100 100%
Security & Privacy
0% 0
eCommerce
23 23%
eCommerce
77% 77
Governance, Risk And Compliance
100 100%
Governance, Risk And Compliance
0% 0
Fraud Prevention
0 0%
Fraud Prevention
100% 100

User comments

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Social recommendations and mentions

Based on our record, Signifyd seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Sanction Scanner mentions (0)

We have not tracked any mentions of Sanction Scanner yet. Tracking of Sanction Scanner recommendations started around Mar 2021.

Signifyd mentions (1)

  • Zed Shaw Explains How Stripe Is PayPal Circa 2010
    There are third party solutions to fraud that actually work, providing chargeback insurance. Essentially, they screen transactions; if any approved transactions are chargebacked, they refund you. A good start point is https://signifyd.com We dropped in this solution on our e-commerce about 5 years ago; fraud has been a non existent problem. - Source: Hacker News / over 2 years ago

What are some alternatives?

When comparing Sanction Scanner and Signifyd, you can also consider the following products

Oracle Bharosa - Oracle Bharosa is a fraud and identity theft control system that helps you combat these problems in your organization.

Kount - eCommerce fraud detection & prevention

DueDil - DueDil is a private company research tool for B2B lead generation and risk management.

Riskified - eCommerce fraud prevention solution and chargeback protection guarantee for online merchants. Find out how we can help your company boost revenue from online sales using our machine-learning powered eCommerce fraud protection software.

Encompass - encompass Know Your Customer (KYC) software for banking, finance, legal and accountancy. Onboard clients with ease and ensure AML regulation compliance.

Sift - Digital Trust & Safety enables your business to grow, innovate, introduce new products, features, and business models – without increased risk.

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