About Fincom
DELIVERING CUTTING-EDGE TECHNOLOGY
FOR AML SANCTIONS SCREENING
With its track record of success in AML sanction screening, Fincom’s solution delivers >93% STP rate, reduces operational burden, and fully meets the stringent regulatory requirements.
Fincom brings innovation to AML Technologies, delivering cutting-edge solutions for Sanctions Screening and enhancing the efficiency and effectiveness of AML compliance. It offers an all-in-one AML Suite, supporting all payment and screening rails, such as payments (Wire, Fed-Now, RTP, ACH), KYC Onboarding and Ongoing (pKYC), and improving the compliance activities, while reducing sanctions screening operational costs and false positives by up to 90%.
Fincom’s solutions have been adopted and proven efficient by dozens of US banks, Financial Institutions in the EU and UK, international regulators, and leading technological companies, and have gained their trust due to exceptional performance, unprecedented accuracy, fast, deployment, and great service.
Fincom’s reselling partners include leading Payment Service Providers, FinTechs, and Global IT integrators.
Fincom’s AML solution is based on core technology for Entity Resolution, enabling to process multilingual databases for accurate searching, matching and mapping of all the databases of any format or technology.
Fincom’s patented phonetic fingerprint technology enables matching names even when misspelled, in different formats (unstructured), multiple languages/alphabets (44 – including Arabic, Russian, EU languages, Chinese, Korean, etc.) and with transliteration mistakes.
The proprietary core technology uses 48 algorithms from computational linguistics, advanced mathematics, and phonetics, achieving unprecedented results. The technological breakthrough enables best-of-class Sanctions Screening, Entity Resolution, and Database mapping.
Supported and trusted by recognized investors and governmental organizations
Established successful partnerships and actively collaborates with industry leaders:
Global strategic partner and reseller.
Global fulfillment and reseller partner.
Global strategic partner and reseller.
Honored for Leading Innovation and Solving Financial Industry’s Pressing Challenges:
FinCrimeTech50 Company 2024
Recognized by F6S | 2024
RegTech100 Company 2024
Banking Tech Awards USA2023
Sibos Community Pioneer 2023
RegTech Insight Awards 2022 Europe
Security Certificates
ISO 27001 Certified
SOC 2 Certified
Fincom is the result of over fifteen years of effort by a dedicated team of highly talented scientists and industry experts to develop the first automated technology for accurately screening multilingual entities. It initially started as a “contact list unification” – the process of unification of unstructured data – applied in the mobile industry.
In 2016, Gideon Drori and Dr. Oleg Golobrodsky, the founders of Fincom, decided to apply their hard-earned knowledge to the field of anti-money laundering (AML). One of the first significant problems solved by Fincom was finding a common cross-language denominator for unifying database entries. The need for this approach arises from the fact that different languages, with their various spelling formats, scripts, and resulting transliterations, as well as typical spelling mistakes and variations, compromise the integrity of the database. The industry has been plagued with challenges caused by unstructured databases and differences in database formats. To date, no other technology has been able to process these unstructured databases and achieve database entry unification.
Fincom has successfully overcome this problem through a linguistic and semantic approach to and the incorporation of phonology with its focus on the interpretation of sound in language. The approach taken by Fincom is based on the notation of speech sounds, addressing known challenges in auditory phonetics and descriptive linguistics. This is necessary because existing language notations are not universally adopted across dictionaries in languages other than English.
Fincom further advanced this with its groundbreaking patented technology – the ‘Phonetic Fingerprint.’ This technology employs a robust algorithmic approach to compare written text in multiple languages by converting names into mathematical sequences based on the phoneme rather than the spelling. As a result, the Phonetic Fingerprint technology is capable of accurately matching entries across databases.
Fincom has enriched this core technology with additional tools and mathematical, linguistic, and other algorithms, to develop the most effective and efficient AML screening solution.
Over the years, Fincom’s solution has gained recognition and proven itself to be the most accurate and cost-effective tool for AML screening. It is widely utilized by banks, financial institutions, and other companies subject to AML regulations.
The Founders
Dr. Oleg Golobrodsky
Founder, visionary and researcher, with a solid business and scientific background. Member of the European AI Alliance, New York Academy of Sciences, Israeli Chamber of Information Systems Analysts, former non-fellow professor and scientific supervisor at the Dept. of Computer Sciences at Bar-Ilan University. Extensive experience in leadership, management, R&D and deployment in complex markets. Ph.D. in Computer Sciences.
Published author: publications, books, and over 50 international granted patents.
Gideon Drori
The founder and the visionary behind three successful start-ups: Fincom, Ecotech Recycling, and That Systems. The driving force behind these ventures with a strong belief in “Leading by Example”, raising tens of million in funding and creating a far greater value for his investors. Over 20 years of strategic consulting both for business and governmental affairs (including political lobbying); successfully establishing and leading businesses in areas of breakthrough technologies. As of 2018 CEO of Phonemix ltd. a.k.a Fincom.
Published author: 32 international granted patents.
Board & Management Team
Insights
