Fincom launches its ENHANCED AML SUITE FOR E-COMMERCE
WITH NEW MODULES & FEATURES
As the AML laws are tightening, they also spread to more and more business fields. Today not only financial institutions, but other types of businesses managing online transactions are required to comply to AML regulations, and e-commerce companies are no exception. On the contrary, due to the wide global customers coverage, the e-commerce platforms become pivotal for the international fight against money laundering, terrorism financing and other types of financial crimes.
Fincom has updated and enhanced its efficient AML-for-E-Commerce solution with new innovative features specifically tailored to cover all AML needs of an E-COMMERCE COMPANY.
This is to ensure full AML compliance and help e-commerce businesses avoid heavy fines imposed by the regulating authorities for the failure to conform to the said regulations.
Fincom has enriched its Real-Time Sanctions Screening with new advanced features for real-time payments, smooth buyers/sellers onboarding, Case Management System (Dashboard & UI), and advanced Automations.
The System’s AUTOMATED FLOW
conveniently merges into the customer-
system interaction, ensuring SMOOTH
REAL-TIME buyers & sellers onboarding
and payment.
The system includes a PHONETIC-LINGUISTIC ENGINE – an innovative technological solution capable of “understanding” the sound of each phoneme, overcoming the challenges of spelling irregularities and variations – the toughest task in AML cross-database screening within the global marketing ecosystem.
REAL-TIME SANCTIONS SCREENING
SMOOTH & FAST ONBOARDING & PAYMENT PROCESSING
