Real-Time Sanctions Screening Solution
Real-Time
Sanctions Screening
Fincom’s OFAC screening system delivers precise results in under 200 milliseconds, ensuring the rapid processing speeds essential for instant payments.
High Straight-Through Processing (STP) Rate
for Frictionless Immediate Payments
Instant payments processing requires rapid OFAC compliance checks. However, traditional sanctions screening systems prevent the possibility of real-time response due to both excessive alert volumes and poor processing speeds.
Fincom’s advanced, accurate, and efficient OFAC screening solution for Instant Payments leverages cutting-edge technology and sophisticated alert suppression mechanism to significantly reduce the number of alerts, cutting alert rates from 30-50% to below 2%.
Smooth Payment Experience
Fincom’s OFAC check system, with its exceptionally efficient Automated Alert Disposition, ensures that legitimate transactions are not delayed by false positives, delivering the critical speed and reliability required by instant payments processing.
Service Availability
Fincom’s sanctions screening system, hosted on Azure, ensures continuous, resilient, and scalable real-time transaction processing with high availability and reliability, operating seamlessly 24/7 year-round.
Accuracy and Efficiency
Fincom’s Sanctions/OFAC screening platform is powered by its distinctive Phonetic-Linguistic and Entity Resolution engines, leveraging advanced algorithms in phonetics, computational linguistics, and mathematics to deliver unparalleled accuracy and speed in payment transaction screening.
Insights
