Fincom
Fincom screens payments and customers against sanctions and watchlists using patented Phonetic Fingerprint technology, which converts a name into a mathematical representation of…
Overview
Fincom screens payments and customers against sanctions and watchlists using patented Phonetic Fingerprint technology, which converts a name into a mathematical representation of how it sounds rather than how it is spelled, so matching survives misspelling, unstructured formats, different alphabets and transliteration errors across 44 languages including Arabic, Russian, Chinese and Korean. Forty eight algorithms from phonetics, computational linguistics and mathematics combine with supervised machine learning and a fuzzy logic engine that weighs attributes such as date of birth, address and identifiers alongside the phonetic match. The company reports cutting alert rates from an industry average around 30 percent to under 3 percent and operational costs by more than 80 percent, validated across numerous United States banks, screening in under 200 milliseconds. Applications span sanctions screening, payment screening, payee verification, perpetual customer due diligence, trade finance and model validation.
Details
Similar Tools
- Acin Risk, Fraud & Compliance
- Adclear Risk, Fraud & Compliance
- ADVANCE.AI Risk, Fraud & Compliance
- AiPrise Risk, Fraud & Compliance
Raising capital?
CrackTheDeck analyzes your pitch deck before investor meetings — structure, narrative, and fit.
Analyze My Deck →