Fincom’s sanctions screening solution for Trade Finance leverages the latest in advanced technology and data screening capabilities, delivering unmatched accuracy and efficiency, and setting a new benchmark screening for Trade Finance transactions and export documentations.

The AML Suite for Trade Finance provides a comprehensive screening, including:

Automatic Screening of Trade Documentation
Automatic Screening of International Payments / SWIFT
Manual Check of Trade Doc’s data – e.g., IBN/BIC, HS-codes, Dual Use, Entities.
Vessel Tracking
Perpetual screening of KYC lists (pKYC) – vendors/shipping agents, etc.

The system’s core architecture allows screening multiple data types, facilitating all your trade screening checks in a single platform, covering everything from customer and agents sanctions screening to evaluating trading activity, including goods, locations, and transport vessels.

Search across structured and unstructured data, including original scripts, transliterations, and translations in 44 languages - for comprehensive and accurate screening.

Seamless integration and Fast deployment: Fincom’s AML Suite can be easily integrated with both payments engines and core banking systems.

Transparent, Traceable, and Explainable as required by regulators. The Audit trail is straightforward and clear. The system’s decision is based on pure mathematics and phonetics and computational linguistics, and there is no reliance on Artificial Intelligence.

Key Features:

Export Control & Trade Documentation -Screening LC’s and other Trade-Docs, SWIFT Transactions, Vessel Tracking, Export Controls on Goods
Multiple Languages & Transliterations - Screening across 44 different languages in original alphabets and transliterated format
Case Management - Tailored to meet current operational requirements, supporting multiple screening rails, team structures, 2/4-eye workflow, and user-friendly UI.
Audit Trail & Reporting - Comprehensive reporting, with detailed audit trail and other metrics, viewed on the case management UI and or downloaded in csv formats.
Batch, Transaction, Ad-Hoc, Manual - Supporting all screening methods, incl. automated, scheduled, or single manual searches.
Alert Suppression (Built-In) - Automated remembrance of past approvals (persistence), eliminating the need to reapprove what’s already been investigated, while maintaining maximum compliance.
Automated Lists Updates - Automated retrieval and update of the latest version of sanctions and export control lists

Benefits

Effective & Efficient | with exceptionally high STP Rate
Streamline operations, minimize false positives, and reallocate resources from manual reviews to higher-value tasks.
Smooth uninterrupted flow of payments
Wire/SWIFT, IAT, Instant Payments, Trade Finance
Reducing Operational Burden
cutting down operational costs associated with AML screening by over 80%.
Tailored to your needs
flexible configurations for different screening rails, teams, jurisdictions, screening languages, lists, etc.
Screens in 44 languages
directly in original scripts, as appear in sanction lists
One centralized screening hub
no need to maintain multiple screening systems.
Transparent, Traceable, and Explainable
decisions are based on pure mathematics and are always consistent and explainable.

To read more About Fincom

https://www.wetransact.io/

AML Suite for Trade FinanceYosef Avital

AML Suite for Trade Finance

Yosef Avital

AML Suite for Trade Finance

Yosef Avital

AML Suite for Trade Finance
Yosef Avital