Combating Financial Crime

using “Phonetic Fingerprint”

Lower Cost, Greater Accuracy, Increased Efficiency

BETTER COMPLIANCE - LOWER OPERATIONAL COSTS

ACCURATE NAME MATCHING

ELIMINATING FALSE POSITIVES

Fincom’s advanced “Phonetic Fingerprint” technology, will enable you to quickly trace any Entity by Name  Pronunciation or “Name-Sound”, based on a Single Mathematical Representation. The resulted “Accurate Name Matching” will improve and lower significantly your operational costs and prevent unnecessary fines, whilst increasing reliability and maintain your reputation.

COMPLIANCE MADE EASY​

AML animation - FinCom.Co

“Find a needle in the hay-stack”

THE CHALLENGES

THE BURDEN OF COMPLIANCE
THE TRADE-OFF DILEMMA​

The Trade off between Penalties vs. Poor Customer Service & Legal Claims.  The Consequences are: damage to reputation, profit, share value and costs.

The Ideal Solution should include Reliable Identification, with no missed-hits, and no false positive.

HOW DOES IT WORK?

Step 1- Indexing Sanction Lists/PEP/Blacklists with “Phonetic Fingerprints”

Step 2 – Comparing Entity’s “Phonetic Fingerprints” in wide funnel (multi-lingual) – covering 100% and avoiding Missed-Hits

Step 3 – Applying AI/ML engines to filter out False Positives

Phonetic Fingerprint

PHONETIC FINGERPRINT is a mathematical representation of the name of individual person or other entity (example: company name).

How do we do it?
Using automated Real-time technology, supported by AI-ML layers, using over 48 mathematical algorithms resulting in accurate matching of names across 38 different languages, transliterations and spelling variations.

TRACING PHONEME  & ACCURATE NAMES MATCHING across –

  • 38 languages in their original writing
  • different transliterations 
  • spelling variations

Product Range

AML Solutions

A range of products, covering Accurate Name Matching, Onboarding & Ongoing Monitoring Automations, Transaction Screening, Adverse Media, Level 1& 2 Filtering and Optimization Engines.

Fraud Prevention

Confirmation of Payee (COP) – Verifying beneficiary on a payment against bank account holder for preventing CEO/Invoice Fraud.

360 Risk Assessment

360 Risk Assessment – Creating a single customer view – constructing customer risk profile, understanding exposure and forecasting potential risks.

Sectors & Customer Clusters

Bank-B-oz2rb6wza91n08e1ehu0906rr9lxtyh3ggspnno510

Banks

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Insurance

credit-cards-B1-oz58e7jj217kws0no8v6x84bh8mn1540pq8qd6ldo4

Credit Cards

loans-B1-oz58vpbe915ozilvit38bt75heekack6gbc1wknlv8

Financing

investments-B1-oz58h3vm4n6epht3qzys3zshf0cdrjm842nmmwaohg

Investments

crypto-B-oz688b136397pq2wewbi4o9mtlwllwpg345wn1r5nu

Crypto

remittance-B1-oz58nk1r0q08d6fv3abmpv7c56k1ks7xbzsk68qfsk

Remittance

forex-B1-oz58jk8fz2jd0u8rf25pmdht988vv3czs7z9qwno8k

Forex

payments-B1-oz58s1pzo85ju3x0v87gmqembgf6cq1ra802pu2q2c

Payments

casinos-B1-oz58ynj5pb73fgblal02nke8lxv1g59uix1x4ua4c4

Casinos

Our Technology

Multi dimensional process

Group 841

Phonetic Fingerprint

Smart Suggestion Engine

Insights

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FinCEN Issues $60 Million Penalty Against Bitcoin ‘Mixers’

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SIFMA – AML & Financial Crime Feb-2021

SIFMA – AML & Financial Crime Feb-2021

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FinTech Junction 2020

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