Fincom

FinCom.Co is a Fintech startup founded in 2018, headquartered in Israel. The company's slogan, "Modernizing Banking Technologies: Real Time AML Sanction Screening & Multilingual Entity Resolution," encapsulates its core offering. Fincom specializes in AML Screening Solutions, demonstrated to significantly reduce Wire/SWIFT screening operational costs and False Positive Alert rates by 90% in US banks. The startup's innovative solution is further strengthened by an intuitive case management system that supports various banking verticals, including Fed-Now, RTP, ACH, and perpetual KYC, thereby enhancing the compliance regime of financial institutions. Notably, Fincom's AML solution is underpinned by cutting-edge technology for Entity Resolution, allowing accurate searching, matching, and mapping of multilingual databases, irrespective of format or technology. The company's patented phonetic fingerprint technology enables matching names even when misspelled, in diverse languages and alphabets, and with transliteration mistakes. This proprietary core technology leverages 48 algorithms from computational linguistics, advanced mathematics, and phonetics, achieving unprecedented levels of data management and understanding. As a result, Fincom delivers best-in-class AML Name Screening, Entity Resolution, Database mapping, and information management. With its innovative solutions, Fincom has gained the trust of tier 1 banks in the USA, financial institutions in the EU/UK, international regulators, and leading technology companies such as EY, Cognizant, and Finastra, who serve as worldwide resellers. The startup recently secured a $2.00M Venture Round investment on 01 March 2023, with contributions from ff Venture Capital and AnD Ventures. Positioned at the intersection of finance, financial services, Fintech, and insurance industries, Fincom.Co stands out as a promising player in modernizing banking technologies and revolutionizing AML solutions.