Compliance Software
Name Screening Software for AML Compliance
Name Screening Software for AML Compliance
Name Screening Software for AML Compliance
Facctum helps banks and financial institutions strengthen compliance through intelligent, real-time customer and name screening. Using explainable AI, the platform identifies sanctions, politically exposed persons (PEPs), and adverse media risks with precision and speed. By automating screening processes and providing transparent decisioning, institutions can meet evolving regulatory expectations while improving operational efficiency.
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025.
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025.
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025.
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025.
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025.
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Why Customer and Name Screening Matters for Compliance
Why Customer and Name Screening Matters for Compliance
Why Customer and Name Screening Matters for Compliance
Effective name screening is a critical component of global AML and sanctions compliance. Regulators such as the Financial Action Task Force (FATF) and the European Banking Authority (EBA) require firms to identify and manage risks related to sanctioned individuals, PEPs, and high-risk entities before onboarding or executing transactions. By integrating AI and automation, customer screening software enhances accuracy and reduces false positives. Institutions can act faster on genuine alerts, maintaining compliance with regulatory frameworks like EU AML Regulation while minimising friction in customer journeys.
Effective name screening is a critical component of global AML and sanctions compliance. Regulators such as the Financial Action Task Force (FATF) and the European Banking Authority (EBA) require firms to identify and manage risks related to sanctioned individuals, PEPs, and high-risk entities before onboarding or executing transactions. By integrating AI and automation, customer screening software enhances accuracy and reduces false positives. Institutions can act faster on genuine alerts, maintaining compliance with regulatory frameworks like EU AML Regulation while minimising friction in customer journeys.
Effective name screening is a critical component of global AML and sanctions compliance. Regulators such as the Financial Action Task Force (FATF) and the European Banking Authority (EBA) require firms to identify and manage risks related to sanctioned individuals, PEPs, and high-risk entities before onboarding or executing transactions. By integrating AI and automation, customer screening software enhances accuracy and reduces false positives. Institutions can act faster on genuine alerts, maintaining compliance with regulatory frameworks like EU AML Regulation while minimising friction in customer journeys.
Key Challenges in Legacy Screening Systems
Key Challenges in Legacy Screening Systems
Key Challenges in Legacy Screening Systems
Traditional, rule-based name screening systems are often unable to keep up with the scale, speed, and complexity of global financial operations. As watchlists grow and data diversity increases, manual intervention becomes unsustainable.
Traditional, rule-based name screening systems are often unable to keep up with the scale, speed, and complexity of global financial operations. As watchlists grow and data diversity increases, manual intervention becomes unsustainable.
Traditional, rule-based name screening systems are often unable to keep up with the scale, speed, and complexity of global financial operations. As watchlists grow and data diversity increases, manual intervention becomes unsustainable.
Traditional, rule-based name screening systems are often unable to keep up with the scale, speed, and complexity of global financial operations. As watchlists grow and data diversity increases, manual intervention becomes unsustainable.
High False Positives
Conventional systems frequently generate redundant alerts due to static matching logic. This overloads compliance teams and delays case resolution.
High False Positives
Conventional systems frequently generate redundant alerts due to static matching logic. This overloads compliance teams and delays case resolution.
High False Positives
Conventional systems frequently generate redundant alerts due to static matching logic. This overloads compliance teams and delays case resolution.
High False Positives
Conventional systems frequently generate redundant alerts due to static matching logic. This overloads compliance teams and delays case resolution.
Incomplete Data Coverage
Legacy systems often fail to integrate multiple data sources, resulting in incomplete visibility of customer risk profiles.
Incomplete Data Coverage
Legacy systems often fail to integrate multiple data sources, resulting in incomplete visibility of customer risk profiles.
Incomplete Data Coverage
Legacy systems often fail to integrate multiple data sources, resulting in incomplete visibility of customer risk profiles.
Incomplete Data Coverage
Legacy systems often fail to integrate multiple data sources, resulting in incomplete visibility of customer risk profiles.
Lack of Explainability
Black-box algorithms make it difficult for compliance teams to justify decisions to regulators. Explainable AI models ensure every match or non-match can be fully understood and documented.
Lack of Explainability
Black-box algorithms make it difficult for compliance teams to justify decisions to regulators. Explainable AI models ensure every match or non-match can be fully understood and documented.
Lack of Explainability
Black-box algorithms make it difficult for compliance teams to justify decisions to regulators. Explainable AI models ensure every match or non-match can be fully understood and documented.
Lack of Explainability
Black-box algorithms make it difficult for compliance teams to justify decisions to regulators. Explainable AI models ensure every match or non-match can be fully understood and documented.
Limited Scalability
Limited Scalability
Limited Scalability
Limited Scalability
Many legacy screening systems struggle to handle growing data volumes and increasing transaction speeds.
Many legacy screening systems struggle to handle growing data volumes and increasing transaction speeds.
Many legacy screening systems struggle to handle growing data volumes and increasing transaction speeds.
How Facctum Enhances Customer and Name Screening
How Facctum Enhances Customer and Name Screening
How Facctum Enhances Customer and Name Screening
Facctum’s cloud-based architecture brings together AI, data management, and automation to modernise every stage of name and customer screening. Built for compliance precision and scalability, it provides institutions with real-time insight and governance across onboarding and ongoing monitoring.
Facctum’s cloud-based architecture brings together AI, data management, and automation to modernise every stage of name and customer screening. Built for compliance precision and scalability, it provides institutions with real-time insight and governance across onboarding and ongoing monitoring.
Facctum’s cloud-based architecture brings together AI, data management, and automation to modernise every stage of name and customer screening. Built for compliance precision and scalability, it provides institutions with real-time insight and governance across onboarding and ongoing monitoring.
Real-Time Screening Performance
Real-Time Screening Performance
Real-Time Screening Performance
Facctum’s Customer Screening technology delivers sub-second checks against global sanctions and PEP lists, ensuring compliance without delaying onboarding.
Facctum’s Customer Screening technology delivers sub-second checks against global sanctions and PEP lists, ensuring compliance without delaying onboarding.
Facctum’s Customer Screening technology delivers sub-second checks against global sanctions and PEP lists, ensuring compliance without delaying onboarding.
Data-Driven Accuracy
Data-Driven Accuracy
Data-Driven Accuracy
Machine learning and natural language processing enhance matching accuracy by recognising linguistic variations and contextual relationships in customer data.
Machine learning and natural language processing enhance matching accuracy by recognising linguistic variations and contextual relationships in customer data.
Machine learning and natural language processing enhance matching accuracy by recognising linguistic variations and contextual relationships in customer data.
Watchlist Integration
Watchlist Integration
Watchlist Integration
Through seamless connection to Watchlist Management, institutions maintain centralised, clean, and deduplicated lists aligned with regulatory sources.
Through seamless connection to Watchlist Management, institutions maintain centralised, clean, and deduplicated lists aligned with regulatory sources.
Through seamless connection to Watchlist Management, institutions maintain centralised, clean, and deduplicated lists aligned with regulatory sources.
Adverse Media Insights
Adverse Media Insights
Adverse Media Insights
AI-powered text analytics identify high-risk media content linked to customers, improving early risk detection and due diligence effectiveness.
AI-powered text analytics identify high-risk media content linked to customers, improving early risk detection and due diligence effectiveness.
AI-powered text analytics identify high-risk media content linked to customers, improving early risk detection and due diligence effectiveness.
Why Choose Facctum for Name Screening
Why Choose Facctum for Name Screening
Why Choose Facctum for Name Screening
Facctum’s solution is built on transparency, scalability, and real-time performance. It enables financial institutions to maintain compliance confidence while optimising speed and accuracy.
Facctum’s solution is built on transparency, scalability, and real-time performance. It enables financial institutions to maintain compliance confidence while optimising speed and accuracy.
Facctum’s solution is built on transparency, scalability, and real-time performance. It enables financial institutions to maintain compliance confidence while optimising speed and accuracy.
Facctum’s solution is built on transparency, scalability, and real-time performance. It enables financial institutions to maintain compliance confidence while optimising speed and accuracy.
Speed
Real-time screening capabilities ensure that customers are verified instantly during onboarding and periodic reviews.
Speed
Real-time screening capabilities ensure that customers are verified instantly during onboarding and periodic reviews.
Speed
Real-time screening capabilities ensure that customers are verified instantly during onboarding and periodic reviews.
Speed
Real-time screening capabilities ensure that customers are verified instantly during onboarding and periodic reviews.
Accuracy
Accuracy
AI models learn continuously from case outcomes, reducing false positives by identifying meaningful contextual differences between entities.
Accuracy
AI models learn continuously from case outcomes, reducing false positives by identifying meaningful contextual differences between entities.
Accuracy
AI models learn continuously from case outcomes, reducing false positives by identifying meaningful contextual differences between entities.
Accuracy
AI models learn continuously from case outcomes, reducing false positives by identifying meaningful contextual differences between entities.
Transparency
Explainable AI provides clear reasoning codes and audit-ready documentation for every decision.
Transparency
Explainable AI provides clear reasoning codes and audit-ready documentation for every decision.
Transparency
Explainable AI provides clear reasoning codes and audit-ready documentation for every decision.
Transparency
Explainable AI provides clear reasoning codes and audit-ready documentation for every decision.
Scalability
Scalability
Facctum’s cloud infrastructure scales seamlessly across multiple jurisdictions and compliance teams, supporting both global and regional operations.
Scalability
Facctum’s cloud infrastructure scales seamlessly across multiple jurisdictions and compliance teams, supporting both global and regional operations.
Scalability
Facctum’s cloud infrastructure scales seamlessly across multiple jurisdictions and compliance teams, supporting both global and regional operations.
Scalability
Facctum’s cloud infrastructure scales seamlessly across multiple jurisdictions and compliance teams, supporting both global and regional operations.
Use Cases: Customer and Name Screening in Action
Use Cases: Customer and Name Screening in Action
Use Cases: Customer and Name Screening in Action
Financial institutions rely on Facctum’s AI-powered screening tools to improve accuracy, efficiency, and compliance assurance.
Financial institutions rely on Facctum’s AI-powered screening tools to improve accuracy, efficiency, and compliance assurance.
Financial institutions rely on Facctum’s AI-powered screening tools to improve accuracy, efficiency, and compliance assurance.
Reducing False Positives
Reducing False Positives
Reducing False Positives
'A regional bank reduced unnecessary alerts through automated suppression logic and contextual name matching.'
Enhancing Onboarding Speed
Enhancing Onboarding Speed
Enhancing Onboarding Speed
'A digital bank achieved real-time onboarding for new customers while maintaining full regulatory compliance.'
Strengthening Sanctions Oversight
Strengthening Sanctions Oversight
Strengthening Sanctions Oversight
'Institutions use Facctum’s integrated List Management to ensure sanctions data remains accurate and regulator-aligned.
Improving Audit Readiness
Improving Audit Readiness
Improving Audit Readiness
Banks can use explainable AI within name screening systems to automatically document decision logic for every alert.
Key Features of Facctum’s Customer and Name Screening Software
Key Features of Facctum’s Customer and Name Screening Software
Key Features of Facctum’s Customer and Name Screening Software
Facctum combines speed, accuracy, and transparency to provide complete control over customer and name screening.
Facctum combines speed, accuracy, and transparency to provide complete control over customer and name screening.
Facctum combines speed, accuracy, and transparency to provide complete control over customer and name screening.
AI-Driven Matching
AI-Driven Matching
AI-Driven Matching
Machine learning improves matching precision by recognising partial, fuzzy, or multilingual name variations.
Integrated Risk Data
Integrated Risk Data
Integrated Risk Data
Combine sanctions, PEP, and adverse media data in a single screening workflow.
Combine sanctions, PEP, and adverse media data in a single screening workflow.
Combine sanctions, PEP, and adverse media data in a single screening workflow.
Explainable Decisions
Explainable Decisions
Explainable Decisions
Every decision is traceable and includes reasoning data for full regulator visibility.
Every decision is traceable and includes reasoning data for full regulator visibility.
Every decision is traceable and includes reasoning data for full regulator visibility.
Continuous Optimisation
Continuous Optimisation
Continuous Optimisation
Feedback loops refine screening logic over time based on historical case outcomes.
Feedback loops refine screening logic over time based on historical case outcomes.
Feedback loops refine screening logic over time based on historical case outcomes.
Customer and Name Screening FAQs
Customer and Name Screening FAQs
Customer and Name Screening FAQs
Customer and Name Screening FAQs
Customer and Name Screening FAQs
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
The solution brings together automation, accuracy, and explainability to deliver operational and regulatory confidence.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
What is customer and name screening?
It is the process of verifying individuals and entities against sanctions, PEP, and adverse media lists to prevent financial crime.
How does explainable AI improve name screening?
Explainable AI allows compliance teams to understand and justify every match, ensuring transparency and regulatory confidence.
Can customer screening software reduce false positives?
Yes, AI-driven models learn from past results to distinguish legitimate customers from true risks, lowering false alert volumes.
Does Facctum integrate with existing compliance systems?
Yes, the solution integrates seamlessly with core compliance and data systems to enhance existing operations.
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Ready to Enhance Your Customer and Name Screening Process?
Facctum helps financial institutions modernise their compliance operations with explainable, AI-driven customer and name screening technology. Discover how your organisation can improve efficiency, accuracy, and regulator trust.
Request a Demo
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
Protect against compliance failings, and transact with confidence.
Book a demo to find out more.
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© Facctum 2025
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© Facctum 2025
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© Facctum 2025
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© Facctum 2025
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© Facctum 2025
Solutions
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© Facctum 2025
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!
Everest Group's Leading 50™ Financial Crime and Compliance (FCC) Technology Providers 2025
Join us at Singapore Fintech Festival 2025 and let’s drive the future of compliance together!