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Products-Finastra Fusion

Fincom.co's Real-Time AML Compliance Solution: Improving Efficiency and Accuracy in Financial Transactions

Real-time low latency screening

In the world of financial transactions where real-time verification is essential, manual AML compliance processes are not only time-consuming but also costly. Fincom.co's Real-Time AML compliance solution offers a purpose-built, supervised Machine Learning approach with "Phonetic Fingerprint" technology. This innovative solution allows for high volume transaction screening at low latency across multiple languages and industries. By leveraging this technology, transactions are evaluated against the largest Sanction/PeP databases in under 200 milliseconds, ensuring accurate and precise screening without missing any key hits.

Greater accuracy while reducing false positives

One of the main challenges faced by financial institutions is the high rate of false positives generated during AML screenings. Traditionally, institutions have relied on rules-based or libraries solutions that often lead to a significant number of false alerts. Fincom.co's solution addresses this issue by employing supervised machine learning technology, which can reduce the false positive rate by over 50% compared to industry standards. This not only enhances accuracy but also helps institutions save on operational costs associated with manual screening processes.

Multilingual 'no miss' by Phonetic Fingerprint

Another key feature of Fincom.co's Real-Time AML compliance solution is its multilingual support through the use of Phonetic Fingerprint technology. This technology provides a mathematical representation of how a spelled name sounds, enabling accurate matching of names across different languages with over 38 pre-built languages. By eliminating the problem of spelling variations and leveraging this advanced technology, financial institutions can maintain compliance across diverse industries and languages without the risk of fines due to outdated screening technologies.

Building Blocks: Compliance Final Response and Compliance Analysis

Fincom.co's Real-Time AML compliance solution offers two crucial building blocks to ensure thorough compliance. The Compliance Final Response feature provides a comprehensive compliance response following the completion of investigations by the compliance department. On the other hand, Compliance Analysis allows for initiating compliance analysis requests as part of the payment processing flow in High-Value and Immediate Payment schemes, providing immediate responses to compliance analysis requests.

Finastra Fusion: Revolutionizing Lending and Corporate Banking with Innovative Apps

Unlocking Efficiency in Lending Operations

Finastra Fusion is leading the way in transforming the lending and corporate banking landscape with its innovative suite of apps. Among these transformative offerings is AIO, a platform that revolutionizes financial decision-making for lenders. AIO leverages intelligent technology to capture and auto-verify documents from borrowers, enabling lenders to swiftly identify missing or problematic documents. By streamlining the document review process, AIO empowers lenders to underwrite loans faster and more cost-effectively, ultimately enhancing operational efficiency.

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Ensuring Accessibility Standards with Finastra Fusion

Purpose of Accessibility Standards

Finastra Fusion is dedicated to ensuring compliance with the customer service requirements of the Accessibility for Ontarians with Disabilities Act, 2005 (AODA) in Ontario. The goal is to create a barrier-free environment for customers and third parties, respecting the dignity and independence of individuals with disabilities.

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Empowering Financial Institutions with Finastra Fusion Universal Banking Solutions

Unlocking the Power of Finastra Fusion Universal Banking

Finastra Fusion Universal Banking is a cutting-edge banking software solution designed to meet the evolving needs of digital-savvy consumers in today"s rapidly changing market. This innovative platform redefines open, end-to-end banking to drive tangible results for financial institutions. By leveraging new technologies and open APIs, Finastra Fusion Universal Banking enables banks to comply with stringent retail and commercial banking regulations, drive customer loyalty, and deliver personalized customer experiences at scale.

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Streamlining Credit Decision Management with Finastra Fusion

Efficient Loan Origination and Underwriting

Finastra's Fusion, specifically the GDS Link Modellica Originations Suite, offers a robust credit decision management solution for loan origination and underwriting. This solution provides rapid go-to-market capabilities, allowing financial institutions to streamline their lending processes efficiently. By leveraging this suite, banks and credit unions can automate decisions with expansive data access and enrichment. The ability to make accurate decisions is crucial, and the suite ensures access to the most predictive data to facilitate informed outcomes.

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Revolutionizing Treasury and Capital Markets with Finastra Fusion

Innovative Capital Markets Solutions for Enhanced Performance

Finastra Fusion offers revolutionary treasury and capital markets solutions that are simple, flexible, and open, designed to enhance performance and risk management. With a focus on improving trading and treasury performance while enhancing monitoring and reporting, Finastra Fusion allows businesses to build a competitive advantage in the financial landscape. By creating coherent, flexible IT architectures, organizations can transform their ecosystems to drive efficiency and capture innovations, ultimately extending their business capabilities. Finastra Fusion's integrated solution enables analysis and forecasting, automating processes and ensuring coherent data for informed decision-making.

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