What Fincom does

Fincom is a privately-held Israeli RegTech company founded in 2016 and headquartered in Petah Tikva, Israel, with additional sales offices in Las Vegas and London. The company builds multilingual AML and OFAC sanctions screening software for financial institutions, addressing a strict-liability regulatory requirement that has produced nine-figure fines for non-compliant banks. Its platform is powered by a patented Phonetic Fingerprint technology that supports accurate name matching across 44 languages and multiple scripts, and is delivered through a Phonetic-Linguistic Engine and an Entity Resolution Engine. Product modules cover Wires/SWIFT, ACH, Instant Payments (RTP/FedNow), Trade Finance, E-commerce, Perpetual KYC (pKYC), Verification of Payee (VoP), and a built-in case management system.

Fincom monetizes the platform through a quote-based enterprise SaaS subscription model, with annual billing tied to institution size and transaction volume. It sells primarily through direct enterprise field sales (with a 'Book a Demo' conversion motion), supported by channel partnerships with Nasdaq Verafin (where its screening is embedded into Verafin's North American AML platform) and Finastra (core banking technology integration). The company has raised approximately $9.2M in disclosed venture funding across four rounds, most recently a $5.65M Series B in May 2025 led by Nasdaq Ventures with participation from Macquarie Group and G1 Ventures.

Fincom's documented customer base consists of mid-sized US banks and credit unions including Cadence Bank, The National Bank of Indianapolis, Jefferson Bank (Texas), and AgriBank FCB. The company claims operational improvements such as an 80% reduction in operational costs, alert rates dropping from 30-50% to below 5%, and transaction processing time falling from 8 minutes to 0.5 minutes. Its headcount is approximately 55 employees, and it has received consistent industry recognition including RegTech100 (2024, 2025), Datos Impact Award (2025), Sibos Community Pioneer (2024), and Banking Tech Awards USA (2023).

Name

Fincom

Legal name

Fincom.co

Website

https://fincom.co

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Fincom is an Israeli RegTech company that provides patented, multilingual AML and OFAC sanctions screening software to US banks and credit unions, reducing false positives by over 80% across 44 languages. It sells a modular enterprise SaaS suite spanning Wires, ACH, Instant Payments, Trade Finance, pKYC, and Verification of Payee through direct enterprise sales and Nasdaq Verafin and Finastra channel partnerships.

Ownership category

akta.pro rank

Product category

RegTech / AML Compliance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Cross-Border Compliance & Controls (Sanctions Screening, Travel Rule, KYT) (FSAGAKAK)

akta.pro secondary industries

Sanctions, OFAC & Name Screening for Wire/RTP Flows (FSAMAHAG), AML/CTF Transaction Monitoring & Case Management (FSAGAFAC)

Keywords

• Sanctions screening software
• AML compliance platform
• OFAC screening solutions
• Payment screening tools
• Regtech compliance technology

Headquarters

HQ city

Petah Tikwah

HQ country

Israel

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription / AML Compliance Platform: Subscription-based SaaS platform for AML/OFAC sanctions screening, delivered as a cloud-hosted or on-premise solution to financial institutions. Revenue is generated through recurring subscription fees, likely tiered by transaction volume or institution size.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Fincom provides an AML/OFAC sanctions screening SaaS platform for financial institutions that screens wires, SWIFT, ACH, instant payments, and trade finance transactions against sanctions and watchlists. The platform is built on the proprietary Phonetic-Linguistic Engine and Entity Resolution Engine, powered by patented Phonetic Fingerprint technology for multilingual, multi-script name matching across 44 languages. It also offers perpetual KYC (pKYC), Verification of Payee (VoP), case management, and automated alert suppression.

Product overview

Fincom offers a unified AML Suite platform with modular components for comprehensive sanctions screening across financial institutions. The core platform is powered by proprietary Phonetic-Linguistic and Entity Resolution engines based on patented Phonetic Fingerprint technology. The suite includes specialized products for different payment types: Wires/SWIFT Sanctions Screening, Instant Payments Screening (RTP/FedNow), and ACH Sanctions Screening. Add-on modules extend coverage to Trade Finance, E-commerce, Perpetual KYC (pKYC/KYC Screening), Verification of Payee (VoP), and Case Management. The platform is distinguished by its multilingual screening capability across 44 languages, automated alert suppression reducing false positives from 30-50% to below 5%, and support for all major payment rails and message formats including SWIFT and ISO 20022.

Differentiator

Problem solved

Functional benefit

Products and services

• AML Suite for Financial Institutions

Quantifiable outcome

• Reduces alert rates from 30-50% to below 0.5% (ACH payments) and to 5% (general)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature12 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Nasdaq VerafinflagshipStrategic or Co-development PartnerStrategic partnership with Nasdaq Verafin to strengthen sanctions screening capabilities. Datos Insights specifically notes Fincom's 'strategic partnership with Nasdaq Verafin' in its Q3 2025 Fintech Spotlight Report. Fincom's screening technology is integrated into or offered alongside Verafin's financial crime compliance platform for North American financial institutions.
• FinastracoreTechnology or IntegrationTechnology integration partnership with Finastra, a major core banking platform provider. Fincom and Finastra co-hosted webinars on real-time payments and compliance. The integration enables Fincom's sanctions screening to be embedded within Finastra's banking ecosystem, reaching Finastra's global customer base.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• NICE Actimize: NICE Actimize is a broad incumbent in enterprise AML, sanctions screening, KYC, and transaction monitoring. It is the dominant vendor in tier-1 US and global banks and competes with Fincom for the AML screening budget inside large financial institutions, though it serves a much wider portfolio of financial-crime products.
• Oracle Financial Services AML (Mantas): Oracle's Financial Services Anti Money Laundering suite (originating from Mantas) is a broad incumbent offering sanctions screening, transaction monitoring, and watchlist filtering for large global banks. It competes with Fincom in enterprise OFAC/sanctions RFPs and is a typical incumbent Fincom displaces on switching projects.
• BAE Systems Applied Intelligence (NetReveal): BAE Systems NetReveal is a broad incumbent enterprise financial-crime platform offering AML, sanctions screening, and fraud detection. It competes with Fincom in tier-1 and tier-2 US/UK bank accounts, often as an incumbent Fincom must displace to win new logos.
• FICO Siron AML: FICO Siron AML (acquired from TONBELLER) is a broad incumbent providing sanctions screening, KYC, and transaction monitoring, primarily to mid-sized European and US banks. It overlaps with Fincom on the European side of Fincom's expansion roadmap, where both compete for the same EU sanctions-screening budget.
• SAS Anti-Money Laundering: SAS AML is a long-standing broad incumbent covering sanctions screening, transaction monitoring, and AML investigation. It serves large US and international banks with similar compliance pain points (false positives, multi-rail screening) that Fincom addresses with its narrower, deeper screening focus.

Direct peers

• Silent Eight: Silent Eight is a direct peer in sanctions/AML name and transaction screening, using AI-driven entity resolution and alert adjudication. It targets the same tier-1 and tier-2 banks and competes head-to-head against Fincom on multilingual screening accuracy and false-positive reduction.
• ComplyAdvantage: ComplyAdvantage is a direct competitor offering AI-driven AML and sanctions screening, real-time transaction monitoring, and watchlist/KYC tools to banks and fintechs. Like Fincom, it targets false-positive reduction in name/transaction screening using proprietary matching technology and serves similar bank and PSP customers globally.

Emerging players

• Napier AI: Napier AI is an emerging AML/sanctions-screening vendor using AI for transaction monitoring and client screening, primarily serving UK and EMEA banks and PSPs. It overlaps Fincom in the UK/EU market, where Fincom is expanding post-Series B, but focuses more on transaction-monitoring than pure sanctions name matching.

Others

• Dow Jones Risk & Compliance: Dow Jones Risk & Compliance provides watchlist, sanctions, PEP, and beneficial-ownership data used by banks and screening platforms. It is an upstream data supplier/adjacent provider to Fincom rather than a direct competitor, but competes for the same bank compliance spend on the data layer.
• LSEG World-Check (Refinitiv): World-Check is a foundational sanctions, PEP, and adverse-media data provider that feeds most sanctions-screening platforms including Fincom's. While not a direct platform competitor, it is the de facto upstream data source for many of Fincom's peers and shapes the competitive landscape Fincom operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fincom