# Fincom

Modernizing Banking Technologies: Real Time AML Sanction Screening & Multilingual Entity Resolution.

**Sectors**: Vertical AI, RegTech, Enterprise, Fintech

**Status**: Active | **HQ**: Tel Aviv | **Founded**: 2017

**Website**: https://fincom.co/

## About

Fincom offers the best AML Screening Solution to date, proven in US banks to reduce Wire/SWIFT screening operational cost and False Positive Alert rate by 90%. The solution is enriched by an intuitive case management system supporting all the banking verticals such as Fed-Now, RTP, ACH, perpetual KYC, and more importantly increasing the compliance regime of the financial institution.

## Why VentureIsrael invested

AML compliance is currently a massive operational bottleneck, with legacy systems producing up to 95% false positives. Fincom provides the essential 'precision layer' for financial institutions. We invested because Fincom's patented phonetic-linguistic engine reduces alert rates from 30-50% down to just 5%, cutting total operational costs by over 80%.

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