Fynhaus provides specialized RegTech software solutions for financial institutions focusing on regulatory compliance, fraud detection, and transaction messaging. Their platform offers modular tools for Anti-Money Laundering (AML), SWIFT gpi tracking, and ISO 20022 transformation. These solutions help banks automate compliance processes, improve transaction transparency, and manage regulatory reporting efficiently.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face increasing complexity in meeting regulatory requirements for anti-money laundering (AML), fraud detection, and financial transaction messaging, often relying on manual processes or disparate systems. This can lead to inefficiencies, increased operational costs, and potential compliance gaps.
Solution
Fynhaus provides modular RegTech solutions designed to streamline regulatory compliance, enhance fraud detection, and optimize financial transaction messaging for financial institutions. Their FORTE™ solution offers end-to-end AML capabilities, including real-time transaction analysis, name checking against sanction lists, and risk-based classification. TEMPO™ automates SWIFT gpi tracking, ensuring faster cross-border payments, higher transparency, and better service to clients. LEGATO™ facilitates the transition to the ISO 20022 messaging standard by automatically translating between various formats, while ALTO™ automates FATCA and CRS reporting.
Target Audience
Fynhaus primarily serves financial institutions, including banks and other financial services providers, that need to improve their regulatory compliance, fraud detection, and financial transaction messaging capabilities.
Features
- FORTE™: Real-time transaction analysis and pattern detection for AML compliance
- FORTE™: Name checking against OFAC, UK Treasury, UN, and FATF sanction lists
- FORTE™: Risk-based classification combining KYC and financial data
- TEMPO™: Automated SWIFT gpi tracking compliant with the SWIFT gpi Standard Release 2021
- TEMPO™: Compatibility with all bank protocols and flexible configuration for business rules
- LEGATO™: Automatic translation between SWIFT MT standards (ISO 15022) and the new XML-based ISO 20022 (CBPR+ MX)
- ALTO™: Comprehensive FATCA and CRS reporting solution with rule-based analysis and customizable detection mechanisms
- FYN Connect™: Embedded plug-in layer for ease of communication through UNC folders, database tables, FTP, SOAP/REST APIs, and MQ/JMS messaging
- Multi-institution architecture allowing for hosting multiple institutions within one hardware infrastructure
- Multi-language support with English and French available by default