VentureIsrael News

Fincom Earns Prestigious Spot on RegTech100 List

2024-01-10 18:05 Portfolio Companies
Being included in RegTech 100 list for the second time, shows company’s dedication to innovation and continues excellence in bringing efficient solutions to the financial industry.

Fincom is a fast-growing company offering the best AML Screening Solution to date, proven in US banks to reduce operational costs and false positive rate by >90%. US banks that have already adopted Fincom’s solution benefit from considerably reduced workloads, incredibly low alert rates, and smooth payments processing.

The RegTech100 recognizes the 100 most innovative companies globally, playing a pivotal role in shaping the future of compliance, risk management, information security, and financial crime prevention.

Gideon Drori, Fincom’s co-founder and CEO, said, commenting on the company’s inclusion in the RegTech100 list for the second time: “Being recognized among the world’s most innovative RegTech companies for the second time is a testament to our dedication to providing the best-in-class AML solutions. We are proud to contribute to the evolution of regulatory technology, offering our clients unmatched capabilities in sanctions screening and regulatory compliance.”

The RegTech100 list serves as a valuable resource for senior management and compliance professionals seeking to evaluate solutions with market potential and a lasting impact on the industry. Fincom continues to be at the forefront of this industry, delivering exceptional value to its clients worldwide.