About Facctum

Facctum is a risk analytics platform that employs data modeling techniques to provide businesses with insights into potential operational risks. By enhancing decision-making processes, the platform helps organizations improve efficiency and increase profitability.

```xml <problem> Financial institutions face increasing challenges in maintaining effective financial crime compliance due to data quality issues, scalability limitations, the need for timely regulatory updates, high false positive rates, and fragmented systems. These challenges lead to increased operational costs, regulatory risks, and inefficiencies in screening processes. </problem> <solution> Facctum offers an AI-powered AML screening and compliance platform that streamlines and automates sanctions, customer, payment, and alert screening. The platform unifies data from diverse sources, such as watchlists, customer records, and transactions, into a single, harmonized dataset. By leveraging AI and machine learning, Facctum reduces false positives, accelerates compliance workflows, and provides real-time insights. Its cloud-native architecture ensures scalability and rapid deployment, enabling financial institutions to adapt to evolving compliance needs and minimize latency. </solution> <features> - AI-driven data extraction transforms unstructured data into actionable profiles - Watchlist management simplifies the ingestion, reconciliation, and enrichment of millions of data profiles from diverse sources - Real-time screening technology delivers potential matches with low latency - Automated reconciliation of regulatory lists, including rectifying missing or mismatched records, and deduplication across commercial and internal lists - Cloud-native architecture for rapid deployment and scalability - REST APIs and OAuth 2.0 for secure authentication and seamless integration with existing systems - AES-256 encryption for data at rest and TLS v1.2 for data in transit - ISO/IEC 27001:2022 certified with stringent data management practices </features> <target_audience> Facctum primarily serves banks, payment service providers, and FinTech companies seeking to enhance their AML screening processes, reduce operational costs, and maintain regulatory compliance. </target_audience> ```

What does Facctum do?

Where is Facctum located?

Facctum is based in London, United Kingdom.

When was Facctum founded?

Facctum was founded in 2021.

Location

London, United Kingdom

Founded

2021

Employees

106 employees

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Facctum

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Executive Summary

facctum.com 7K+

Founded 2021 – London, United Kingdom

Funding

No funding information available.

Team (100+)

No team information available.

Company Description

Problem

Financial institutions face increasing challenges in maintaining effective financial crime compliance due to data quality issues, scalability limitations, the need for timely regulatory updates, high false positive rates, and fragmented systems. These challenges lead to increased operational costs, regulatory risks, and inefficiencies in screening processes.

Solution

Facctum offers an AI-powered AML screening and compliance platform that streamlines and automates sanctions, customer, payment, and alert screening. The platform unifies data from diverse sources, such as watchlists, customer records, and transactions, into a single, harmonized dataset. By leveraging AI and machine learning, Facctum reduces false positives, accelerates compliance workflows, and provides real-time insights. Its cloud-native architecture ensures scalability and rapid deployment, enabling financial institutions to adapt to evolving compliance needs and minimize latency.

Features

AI-driven data extraction transforms unstructured data into actionable profiles

Watchlist management simplifies the ingestion, reconciliation, and enrichment of millions of data profiles from diverse sources

Real-time screening technology delivers potential matches with low latency

Automated reconciliation of regulatory lists, including rectifying missing or mismatched records, and deduplication across commercial and internal lists

Cloud-native architecture for rapid deployment and scalability

REST APIs and OAuth 2.0 for secure authentication and seamless integration with existing systems

AES-256 encryption for data at rest and TLS v1.2 for data in transit

ISO/IEC 27001:2022 certified with stringent data management practices

Target Audience

Facctum primarily serves banks, payment service providers, and FinTech companies seeking to enhance their AML screening processes, reduce operational costs, and maintain regulatory compliance.