AML Sanctions Screening
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 >38% to <5%
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.
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.
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