Our partnership with Finastra continues bearing fruits, as more banks start using Fincom’s advanced payments screening AML solution that has been successfully integrated with both legacy payment systems and modern cloud applications.
Fincom participated in Finastra’s U.S. Payments Business Forum that took place on Nov. 9-10 in Orlando, FL, with over 100 participants, including US Financial Institutions, vendors, and partners.
Gideon Drori, CEO & Founder of Fincom, offered a detailed overview of Fincom’s AML solution, which is getting huge market traction due to 90% reduction of operational costs (among other things). The discussion emphasized the importance of utilizing phonetic-linguistic engine based on Phonetic Fingerprint proprietary technology that allows for accurate compliance screening, preventing money laundering and ensuring compliance with strict AML regulations.
Fincom will be helping more US banks to enhance their compliance screening processes, providing accurate screening results, preventing money laundering, and protecting against fines.
FINCOM develops and deploys Streamlined Data Search Solutions for AML/Sanction Screening, Data Mapping, Entity Resolution, and Homeland Security applications. The most advanced, award winning platform for banking, regulatory, e-commerce and other applications, bringing innovation, efficiency, and security to financial institutions around the globe.