SQN and RiskScout Partner to Deliver Enhanced Fraud and AML Solutions for Community Banks
Rancocas, NJ – March 2025 – SQN Banking Systems, a leading provider of fraud prevention and check analysis solutions, has selected RiskScout as its preferred BSA/AML compliance partner. This collaboration equips banks and credit unions with a comprehensive solution to fight fraud while ensuring compliance with evolving regulatory requirements.
With financial institutions facing growing challenges from financial crime and compliance burdens, the partnership between SQN and RiskScout offers a smarter approach. Built by former regulators and BSA professionals, RiskScout transforms compliance by replacing outdated systems with intuitive automation, advanced transaction monitoring, and centralized case management. With RiskScout’s BSA/AML solutions and SQN’s fraud detection tools side by side, financial institutions can identify suspicious activity faster, collaborate more efficiently, and maintain compliance with ease.
“Community Banks and credit unions are under immense pressure to stay ahead of evolving fraud tactics and compliance requirements. By working with RiskScout, we’re equipping them with advanced tools to streamline BSA/AML processes while strengthening fraud detection.”
“We built RiskScout to eliminate the inefficiencies of legacy BSA systems and manual compliance processes,” said Justin Fischer, CAMS, the CEO and Co-Founder of RiskScout. “By partnering with SQN, we’re giving financial institutions a modern, intuitive solution that not only strengthens fraud detection but also reduces the burden of compliance, so they can scale with confidence.”
A Smarter Approach to BSA Compliance
Built by former examiners, regulators, and BSA professionals, RiskScout provides tailorable transaction monitoring, intelligent automation, and streamlined case management to help financial institutions stay compliant, minimize risk, and free up resources for growth. With a comprehensive BSA/AML solution designed to replace legacy solutions and third-party data providers, RiskScout provides an all-in-one solution to centralize your back office and optimize efficiencies.
Financial institutions looking to enhance their fraud detection and BSA/AML compliance strategies can learn more by scheduling a demo at www.riskscout.com or contacting SQN Banking Systems at www.sqnbankingsystems.com.
About SQN Banking Systems
SQN Banking Systems has been a trusted provider of fraud prevention solutions for banks and credit unions for over 40 years. Using sophisticated algorithms and real-time detection solutions, SQN helps their clients effectively prevent check fraud and payments fraud.
About RiskScout
RiskScout is a team of former bank examiners, BSA professionals, and fintech developers helping financial institutions grow and be more efficient and profitable. Through a full BSA/AML suite and specialized market tools, RiskScout’s solutions increase revenue and decrease compliance costs by unlocking new deposit streams and automating compliance workflows.