MODERNIZING BANKING
TECHNOLOGIES

Real Time AML Sanctions Screening
& Entity Resolution

As always, Fincom brings innovation
to Banking Technologies

Critical parameters of an AML Sanction Screening System

The primary reason for excessive operational costs and the tedious structure of sanction screening lies in the outdated nature of existing technologies. These technologies, even the new ones, are not designed to meet the current regulatory and operational demands, particularly the need to screen against huge and diverse multilingual databases of individuals and entities. Consequently, matching names accurately becomes a major challenge.

Ensure AML compliance

and improve customer experience

Helping Financial and non-Financial institutions meet regulation requirements for Onboarding, Perpetual KYC, Sanctions screening, and more with the most advanced and accurate persistence automations, Real Time sanctions screening, COP/BAV, Alert Suppression, and more.

Reduce Operational Costs

by 90%

and cut alert rates from >30% to <3%

Known industry alert rate average is between 30 to 50% due to legacy tech. and inability to screen and match names derived from different languages. This results in huge operational burden. Commercial implementation of Fincom’s AML Sanctions Screening demonstrates reduction of operational costs by over 90%! Fincom’s Phonetic-Linguistic engine based on the company’s Phonetic Fingerprint technology successfully resolves cross-language matching challenges.

Trusted by US Banks

Outstanding results
proven in Banks & FinTechs

We have worked with Fincom right at a year now and its automated OFAC processing platform has help our organization decrease the number of potential OFAC hits and decrease wire processing times. Their team has been there to assist us in every way possible through implementation and daily processing. Additionally, during a recent audit their team didn’t hesitate to step in and provide the items requested by our audit department. It’s been a great partnership.

Fincom did testing and implementation in an accurate and efficient way! I am very pleased with Fincom and would recommend it to any financial institution.

The Technology Behind

Phonetic Fingerprint technology

Fincom’s Phonetic-Linguistic Engine based on Phonetic Fingerprint technology has an exceptional ability to measure the true level of Phonetic Proximity, dramatically reducing alert rate and false positives.

Phonetic Fingerprint is a single mathematical representation of the pronunciation and phonemes of a name (individual or entity). Tracing phonemes across over 44 different languages in original scripts, across various transliterations and spelling variations, enables accurate name matching.

About Fincom

Fincom brings innovation to Banking Technologies, delivering cutting-edge solutions for AML Sanctions Screening and enhancing the efficiency and effectiveness of AML compliance. It offers an all-in-one AML Suite, supporting all banking verticals, such as payments (Wire, Fed-Now, ACH, etc.), KYC Onboarding and Ongoing (pKYC), and improving the compliance regime of FIs, while reducing sanctions screening operational costs and false positives by >90%.

Fincom developed its exceptionally efficient Deep-Tech for Entity Resolution and Data Management and Mapping, agnostic to data format/technology and language. At the core of Fincom’s Entity Resolution lies its proprietary patented Phonetic Fingerprint Technology and Phonetic-Linguistic Engine, based on 48 algorithms from computational linguistics, advanced mathematics, and phonetics.

Fincom’s solutions have been adopted and proven efficient by dozens of US banks, including Federal and Tier 1 National and global banks, FIs in the EU and UK, international regulators, and leading technological companies, and have gained their trust due to exceptional performance, unprecedented accuracy, fast, smooth deployment, and great service.

Fincom’s reselling partners include leading Payment Service Providers, Fintechs, and Global IT integrators