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Insights

Insights

AML Name Screening – Not Simple

AML Name Screening mathematical equation: Z = (spelling variations x transliteration x name structures) x 170,000,000 data entries Sanction & PEP lists – 6,500,000 names X 20 Aliases = 170,000,000 entries Spelling Variations & Transliterations – can go beyond hundreds of different variations!... Read more...
Insights

US Congress flags Banks for AML discrimination

Are Banks stocks rating at risk for missing ESG goals due to Social Discrimination & Bias in legacy AML solutions implemented in banks today? The new ESG movement is democratizing the business world, no longer pure capitalism rules but what... Read more...
Insights

Name Spelling Variations

“Find a Needle in a Haystack” The AML Name Screening challenge A major challenge in AML Name Screening is numerous name variations, that obscure the real entity; yet identification by name is the required by law method, but current simple... Read more...
Name Spelling Variations – Illustrating the challenge
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News

News
October 6, 2021
October 6, 2021

Israeli companies helping manage identities in a digital world

High-quality and high-speed solutions for managing identities are becoming more crucial in Banking and Fintech Applications. 90% Less Mistakes – Interview with Gideon Drori, CEO @ Fincom.co See the article in Calcalist Tech …... Read more...
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News
September 2, 2021
September 2, 2021

Fincom.co supports AML Name Screening in Chinese

Fincom.co is proud to announce that Phonetic Fingerprint Technology is now enhanced to include AML Name Screening in Chinese.“Our advanced AML Name Screening platform identifies 27,000 Chinese pictograms; there are over 50,000 characters, though a modern dictionary will rarely list... Read more...
chinese support
News
November 28, 2020
November 28, 2020

Fincom.co is a RegTech 100 Company

Fincom.co is proud to announce that it has been selected as a RegTech100 company. The Fourth annual RegTech100 list announced to recognize the tech companies transforming compliance, risk management and cybersecurity The REGTECH100 is an annual list of 100 of the world’s... Read more...
regtech100-FINCOM
News
May 11, 2020
May 11, 2020

Seal of Excellence granted by Horizon

A Seal of Excellence granted by Horizon 2020 to Fincom.co, for its’ Deep-Tech Anti-Money Laundering (AML) platform for SMBs.  ... Read more...
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News
April 9, 2019
April 9, 2019

FINOVATE EUROPE 2019: INTERVIEW WITH FINCOM.CO

FINCOM.CO’s VP Sales and Marketing, Sheila Makleff is interviewed by The Fintech Power 50’s Christophe Langlois, at Finovate Europe 2019. They talked about compliance fintech, AML and digital identity. See the article source in ThePower50 …... Read more...
Fincom-FinovateEurope2019-Interview-Fintech
News
April 9, 2019
April 9, 2019

AML “phonetic fingerprint” start-up launches on LSEG’s issuer market

Israeli fintech start-up FinCom.Co announced the launch of its services in the UK through the London Stock Exchange’s Issuer Services Marketplace. The firm has developed a proprietary “phonetic fingerprint” technology to help UK financial institutions and businesses stamp out money... Read more...
News
April 3, 2019
April 3, 2019

Israeli AML startup launches in UK

Israeli startup FinCom.Co has launched its anti-money laundering (AML) fingerprint technology in the UK, gaining market access through the London Stock Exchange’s Issuer Services Marketplace. Developed for highly regulated sectors, the AML platform utilises advanced mathematics with phonetic fingerprint recognition... Read more...
News
April 3, 2019
April 3, 2019

AML detection outfit FinCom.Co comes to the UK

To help UK financial institutions and businesses stamp out money laundering activities, remain compliant with legislation, and improve efficiencies, Israeli fintech start-up, FinCom.Co, today announces the launch of its services in the UK through the London Stock Exchange’s Issuer Services... Read more...
News
April 3, 2019
April 3, 2019

Proprietary Phonetic Fingerprint Technology to Fight Money Laundering Launches in the UK

To help UK financial institutions and businesses stamp out money laundering activities, remain compliant with legislation, and improve efficiencies, Israeli fintech start-up, FinCom.Co, today announces the launch of its services in the UK through the London Stock Exchange’s Issuer Services... Read more...
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Events

Events
Date: February 22-23, 2021
Location: Virtual

SIFMA – AML & Financial Crime Feb-2021

SIFMA – Anti Money Laundering & Financial Crimes Conference Two-day Conference on Anti-Money Laundering & Financial Crimes. Regulation & requirements for 2021, experience learned from enforcement and case studies;  listen to industry perspectives on the latest developments in AML and... Read more...
SIFMA
Events
Date: December 16, 2020
Location: Virtual

FinTech Junction 2020

FINTECH JUNCTION IS HAPPY TO SUPPORT FINASTRA’S HACKATHON The pandemic has intensified some of the world’s most challenging issues – poverty, inequality and exclusion to name but a few. Digital infrastructure and technology are providing the platform to transform access... Read more...
FINTECH-JUNCTION
Events
Date: June 3-5, 2020
Location: Amsterdam

Money 20/20

This market-leading three-day event brings together the entire payments, FinTech and financial services industry. Ideas are created, partnerships are formed and future trends are imagined.... Read more...
download (2)
Events
Date: February 12-14, 2019
Location: London

Finovate

Cutting-edge fintech demos, real world applications provided by business leaders, hundreds of financial institutions passionate for change, all under one roof.... Read more...
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Events
Date: February 5-7, 2019
Location: London

ICE

ICE London is the benchmark and driver of the B2B Gaming industry’s international growth. Coming together for three days to engage with the latest solutions, content and networking opportunities across the globe and across all sectors of gaming.... Read more...
327bed61d5db132dc1694aed24bdf464
Events
Date: November 1, 2018
Location: Tel Aviv

Tech against Terrorism

Tech professionals: Are you interested in the intersection of technology and terrorism? Do you want to learn more about how the internet is being exploited by terrorist and violent…... Read more...
327bed61d5db132dc1694aed24bdf4643
Events
Date: October 4, 2018
Location: London

Regtech Summit 2018

The RegTech Summit, organised by A-Team Group, brings together the community of practitioners managing regulatory change and implementing RegTech solutions…... Read more...
download (3)
Events
Date: June 17-22, 2018
Location: Tel Aviv

Cyber Week

Cyber Week is a large annual international cybersecurity event, hosted each year at Tel Aviv University in Israel. Over the past eight years, Cyber Week has become... Read more...
327bed61d5db132dc1694aed24bdf4642
Events
Date: March 6-9, 2018
Location: London

Finovate

Cutting-edge fintech demos, real world applications provided by business leaders, hundreds of financial institutions passionate for change, all under one roof…... Read more...
5484bd95c79bb1a65258cf1ee0a4cd1d1
Events
Date: January 29-30, 2018
Location: Tel Aviv

CYBER TECH

Cybertech is the cyber industry’s foremost B2B networking platform conducting industryrelated events all around the globe. From Tel Aviv and Rome, to Tokyo, Singapore, Panama,... Read more...
327bed61d5db132dc1694aed24bdf464re
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Blog

Blog
September 26, 2021

“Find a Needle in a Haystack” is really simple when using Fincom.co AML solution

A major challenge in AML Name Screening is numerous name variations that obscure the real entity. Sorting out different spellings, transliterations, and working and understanding the commonly used 60 languages, each language with its own “ABC”, pronunciations, using different forms,... Read more...
Name Spelling Variations – Illustrating the challenge
Blog
September 9, 2021

US congress orders FinCen to stop discrimination in the financial industry

New US congressional legislation passed last month instructed FinCen of the Treasury Department to warn and make sure that financial institutions mainly banks stop the bias and discrimination embedded in their AML implemented tools. Under the section called “Automated Technologies... Read more...
Discrimination
Blog
August 26, 2021

No one can win the fight against Sophisticated Money Laundering with Simple Technology

Screening of Names is a fundamental action that financial institutions & Fintech’s must perform as part of their AML compliance obligations, and this seemingly simple task is the main reason for the heavy fines by the regulators. The legal obligation... Read more...
עיצוב ללא שם
Blog
August 26, 2021

The UK Confirmation of Payee “COP” & the new SWIFT Bank Account Verification “BAV” Closing a huge loophole in the fight against Money Laundering

So, any unknown person Mr. X opens a bank account, and they pass the KYC process with flying colors, and no transaction from them or too them is alerted, all is fine as in most cases. Yet Mr. X has... Read more...
transaction payment
Blog
August 24, 2021

FinCEN Issues $60 Million Penalty Against Bitcoin ‘Mixers’

U.S. Treasury’s FinCEN Issues $60 Million Penalty Against Operator of Bitcoin ‘Mixers’. The Wall Street Journal, Oct 19, 2020For the first time, FinCEN imposed a civil penalty against virtual currency mixers and tumblers. Cryptocurrency tumbler or cryptocurrency mixing offers the... Read more...
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