Ongoing Sanctions Screening (pKYC)

Fincom’s advanced pKYC (Perpetual Know Your Customer) sanction screening solution delivers on-going, automated, fast, and accurate screening of customers, suppliers, and other entities against a wide range of lists, including sanctions lists, PEP lists, and internal watchlists.

The solution enhances both efficiency and effectiveness, ensuring institutions compliance with regulatory requirements. It is a vital tool in the fight against financial crime, including fraud and money laundering, while significantly reducing operational efforts and costs.

Key Features

Accurate Matching Reduces false positives with precise name and entity resolution.
Flexible List Coverage Supports sanctions, PEPs, global, internal, and custom lists.
Case Management UI Enables fast, auditable decisions with full list context.
Built-in Alert Suppression Automatic approvals for repeated alerts based on past decisions, unless data is changed.
Multi-Language Support Screens names in 44 languages using native alphabets.
Automated List Updates Keeps all lists current with the latest regulatory changes.

Agility & Scalability

The system is cloud based and deployed on Azure, with

Flexible, adaptable, and scalable
Customized configuration
Offers simple integration and fast deployment

Key Benefits

Cut Costs by 90%+ Proven to reduce operational expenses by over 90% in major financial institutions.
Streamlined Ongoing KYC Automates screening in predefined schedules across customers, employees, and vendors.
Built-In Case Management Intuitive interface for fast, frictionless alert resolution.
Minimized Alert Rate Industry-leading alert rate below 0.5% through smart filtering and suppression.
Scalable Operations High-speed screening processes large data files in minutes.
Regulatory Confidence Ensures AML compliance with full audit trails, transparency, and reporting.

Read more About Fincom

https://www.wetransact.io/

Ongoing Sanctions Screening (pKYC)Yosef Avital

Ongoing Sanctions Screening (pKYC)

Yosef Avital

Ongoing Sanctions Screening (pKYC)

Yosef Avital

Ongoing Sanctions Screening (pKYC)
Yosef Avital