Finastra expands payments compliance offering with Fincom.co, via FusionFabric.cloud
Fincom.co’s AML app now live for banks to tap into on Finastra’s FusionStore
PRESS RELEASE, 2 NOV 2021
London, UK – November 2, 2021 – Finastra today announced the introduction of new anti-money laundering (AML) compliance capabilities integrated with its Fusion Global PAYplus core payments solution, via Fincom.co and the FusionFabric.cloud
Banks can tap into the Fincom.co AML screening app to access real-time compliance screening functions in line with regulatory requirements, which only continue to increase in volume and diversity, lowering operational costs.
Gideon Drori, CEO at Fincom.co said, “Compliance screening is becoming harder for all financial services businesses to comply with, and banks can incur penalties if unregulated or unlawful transfers are made. In making our solution available to Finastra customers we are bringing intuitive compliance capabilities to a wider audience and are enabling them to do away with legacy solutions, reducing false-positive or false-negative rates.”