LOGO-PNG

Finastra expands payments compliance offering with Fincom.co, via FusionFabric.cloud

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.”

See more…

Latest News Posts
Blog, News
September 27, 2023
The financial world is witnessing an unprecedented collaboration – a partnership that emerges as a potent amalgamation of Finastra’s acclaimed...
Blog, News
September 21, 2023
The finance world converged in Toronto for Sibos 2023, a conference that has been the linchpin for discussions, debates, and...
Blog, News
September 19, 2023
Real-Time Compliance (RTC) meets Real-Time Payments (RTP) In an era where financial transactions move at the speed of light, ensuring...
Blog, News
August 31, 2023
Lessons from OFAC Enforcement Actions of the first half of 2023 The U.S. Department of the Treasury’s Office of Foreign...

Thank you for your interest!
Please leave your details