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MODERNIZING BANKING
TECHNOLOGIES

Real Time AML Sanctions Screening
& Entity Resolution

Critical parameters of an AML Sanction Screening System

The primary reason for excessive operational costs and the tedious structure of sanction screening lies in the outdated nature of existing technologies. These technologies, even the new ones, are not designed to meet the current regulatory and operational demands, particularly the need to screen against huge and diverse multilingual databases of individuals and entities. Consequently, matching names accurately becomes a major challenge.

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Meet Regulatory Requirements with

Advanced AML Sanctions Screening

Helping Financial Institutions meet regulatory requirements for Onboarding, Perpetual KYC, Sanctions screening, and more with the most advanced and accurate persistence automations, Real Time sanctions screening, COP/BAV, Alert Suppression, and more.

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Reduce Operational Costs
by up to 90% 

Known industry alert rate average is between 30 to 50% due to legacy tech. and inability to screen and match names derived from different languages. This results in huge operational burden. Commercial implementation of Fincom’s AML Sanctions Screening demonstrates reduction of operational costs by up to 90%! 

Fincom reduces alert rate

Trusted by
US Banks

Outstanding results
proven in Banks & FinTechs

Continues to Deliver Innovation

The Technology Behind

Phonetic Fingerprint technology

Fincom’s Phonetic-Linguistic Engine based on Phonetic Fingerprint technology has an exceptional ability to measure the true level of Phonetic Proximity, dramatically reducing alert rate and false positives.

Phonetic Fingerprint is a single mathematical representation of the pronunciation and phonemes of a name (individual or entity). Tracing phonemes across over 44 different languages in original scripts, across various transliterations and spelling variations, enables accurate name matching.

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PHONETIC-LINGUISTIC ENGINE

Based on Phonetic Fingerprint
patented technology

About Fincom

Fincom brings innovation to Banking Technologies, delivering cutting-edge solutions for AML Sanctions Screening and enhancing the efficiency and effectiveness of AML compliance. It offers an all-in-one AML Suite, supporting all banking verticals, such as payments (Wire, Fed-Now, ACH, etc.), KYC Onboarding and Ongoing (pKYC), and improving the compliance regime of FIs, while reducing sanctions screening operational costs and false positives by 90%.

Entity Resolution 
Precision Rate: 97.8%

Entity Resolution
Recall Rate: 99.2%

40+ Languages

Real Time Screening

Insights

News, Events
Fincom is incredibly proud of winning 1st place at the Startup World Cup Cyprus Finals 2024!  Competing against nine innovative...
Blog
June 25, 2024
Financial institutions in general and banks in particular have difficult times verifying their customers’ names as they appear in different...
News
Fincom is proud to be among the leading companies in the Israel’s FinTech Ecosystem, pioneering Sanctions Screening and modernizing banking...
Blog, News
June 11, 2024
The challenge: Confirmation of Payee requires data from external source. Consequently, adherence to the GDPR regulations that protect personal data...

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