FinCom

Fincom is a technology company specializing in anti-money laundering (AML) and OFAC sanctions screening solutions tailored for the financial sector. Its platform is designed to help banks and financial institutions meet stringent regulatory requirements by providing highly accurate and efficient compliance tools. At the heart of Fincom’s offering is its proprietary Phonetic Fingerprint Technology, which, combined with advanced entity resolution and phonetic-linguistic engines, enables real-time, cross-language name matching for sanction screening across 44 languages. This innovation significantly reduces false positives and operational costs, cutting alert rates from typical industry levels of 30-50% down to just 5%, and slashing processing times from eight minutes to just half a minute. Fincom’s SaaS model ensures that clients can easily integrate its solutions into their existing workflows, benefiting from continuous updates and robust support. By empowering financial institutions to operate with greater agility, security, and resilience, Fincom not only streamlines compliance but also contributes to broader goals of promoting strong institutions and fostering innovation in the financial industry. The company’s commitment to accuracy and operational efficiency positions it as a leader in the RegTech space, trusted by banks nationwide to replace legacy AML and sanction screening systems with state-of-the-art technology