MODERNIZING BANKING
TECHNOLOGIES
& 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The primary reason for excessive operational costs and the tedious structure of sanction screening lies in the outdated nature of existing technologies.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.
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.
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%!
Trusted by
US Banks
Outstanding results
proven in Banks & FinTechs
I highly recommend the Fincom suite of products to any organization looking to replace their legacy OFAC/AML/KYC Sanctions Screening solution.
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.
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%.