FinCom.Co's AML Solution is able to find and match names cross- language across sanction lists.
FinCom.Co offers the opportunity to massively increase operational efficiency and data compliance, by going beyond simple name matching methods. It's patented deep-technology uses AI, fuzzy logic and machine learning, together with a proprietary phonetic fingerprint. This enables to identify direct and indirect links by converting names and other records into mathematical sequences, and comparing these across databases in over 33 languages. It can account for spelling variations, translation errors and the formatting of names. One of today's biggest burden is the number of false positives which manually need to be processed by a company's compliance department, this is extremely time-consuming and a costly process. As well existing technologies are out dated as they keep on missing HITS - which puts companies at huge risks facing excruciating fines, personal liability and reputation damage. FinCom.Co guarantees a minimum reduction of 50% in false positives , whilst not missing any HITS. Its sanction screening solution is fast - real-time, 25% less expensive and far more accurate due to its unique phonetic fingerprint technology.