Scanovate operates in the financial technology sector, offering an enterprise identity and compliance platform designed to simplify and automate compliance controls. The company serves a diverse range of clients, including corporate and institutional banks, commercial businesses, retail banks, and asset management firms. Scanovate's core product, the B Trust platform, provides a comprehensive suite of services such as virtual onboarding, identity lifecycle management, and fraud detection. The platform integrates seamlessly with existing systems and third-party applications through an API-first design, ensuring real-time monitoring and compliance with regulatory requirements like AML, FATCA, and CRS. By reducing operational costs and manual touchpoints, Scanovate enhances customer satisfaction and operational efficiency. The business model is primarily subscription-based, generating revenue through licensing fees for its platform and additional services.

Keywords: compliance, identity verification, fraud detection, onboarding, API integration, AML, FATCA, CRS, financial technology, operational efficiency.