Compliance Software
Real-Time AML Screening and Sanctions Compliance for Banks
Real-Time AML Screening and Sanctions Compliance for Banks
Real-Time AML Screening and Sanctions Compliance for Banks
Facctum provides banks with AI-driven AML screening software built for real-time sanctions compliance. Our platform enhances detection accuracy, reduces false positives, and ensures every decision is explainable and regulator-ready. Designed for global financial institutions, Facctum unites automation, transparency, and scalability to deliver efficient, modern compliance.
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 AML Screening Matters for Banks
Why AML Screening Matters for Banks
Why AML Screening Matters for Banks
AML screening is central to preventing financial crime. It ensures that every customer, transaction, and relationship is assessed against global sanctions, politically exposed persons (PEP), and watchlists. For banks, effective screening not only meets regulatory obligations but also strengthens operational integrity and customer trust. As global regulations evolve, banks must demonstrate both technical precision and process accountability. Cloud-based AML screening platforms enable instant updates to regulatory lists and faster detection of high-risk entities, ensuring institutions remain compliant and agile.
AML screening is central to preventing financial crime. It ensures that every customer, transaction, and relationship is assessed against global sanctions, politically exposed persons (PEP), and watchlists. For banks, effective screening not only meets regulatory obligations but also strengthens operational integrity and customer trust. As global regulations evolve, banks must demonstrate both technical precision and process accountability. Cloud-based AML screening platforms enable instant updates to regulatory lists and faster detection of high-risk entities, ensuring institutions remain compliant and agile.
AML screening is central to preventing financial crime. It ensures that every customer, transaction, and relationship is assessed against global sanctions, politically exposed persons (PEP), and watchlists. For banks, effective screening not only meets regulatory obligations but also strengthens operational integrity and customer trust. As global regulations evolve, banks must demonstrate both technical precision and process accountability. Cloud-based AML screening platforms enable instant updates to regulatory lists and faster detection of high-risk entities, ensuring institutions remain compliant and agile.
Challenges in Traditional Screening Systems
Challenges in Traditional Screening Systems
Challenges in Traditional Screening Systems
Traditional screening frameworks, often built on outdated rule-based logic, are no longer sufficient for today’s compliance challenges. These systems struggle with data quality, complex entity relationships, and high alert volumes.
Traditional screening frameworks, often built on outdated rule-based logic, are no longer sufficient for today’s compliance challenges. These systems struggle with data quality, complex entity relationships, and high alert volumes.
Traditional screening frameworks, often built on outdated rule-based logic, are no longer sufficient for today’s compliance challenges. These systems struggle with data quality, complex entity relationships, and high alert volumes.
Traditional screening frameworks, often built on outdated rule-based logic, are no longer sufficient for today’s compliance challenges. These systems struggle with data quality, complex entity relationships, and high alert volumes.
Excessive False Positives
Conventional systems rely on rigid matching rules, producing duplicate or irrelevant alerts. This drains resources and delays investigations.
Excessive False Positives
Conventional systems rely on rigid matching rules, producing duplicate or irrelevant alerts. This drains resources and delays investigations.
Excessive False Positives
Conventional systems rely on rigid matching rules, producing duplicate or irrelevant alerts. This drains resources and delays investigations.
Excessive False Positives
Conventional systems rely on rigid matching rules, producing duplicate or irrelevant alerts. This drains resources and delays investigations.
Fragmented Data Management
Disparate systems and siloed databases limit visibility, preventing banks from achieving a unified view of customer and transaction risk.
Fragmented Data Management
Disparate systems and siloed databases limit visibility, preventing banks from achieving a unified view of customer and transaction risk.
Fragmented Data Management
Disparate systems and siloed databases limit visibility, preventing banks from achieving a unified view of customer and transaction risk.
Fragmented Data Management
Disparate systems and siloed databases limit visibility, preventing banks from achieving a unified view of customer and transaction risk.
Limited Explainability
Legacy models often fail to provide reasoning behind alerts, making it difficult to justify compliance actions to regulators.
Limited Explainability
Legacy models often fail to provide reasoning behind alerts, making it difficult to justify compliance actions to regulators.
Limited Explainability
Legacy models often fail to provide reasoning behind alerts, making it difficult to justify compliance actions to regulators.
Limited Explainability
Legacy models often fail to provide reasoning behind alerts, making it difficult to justify compliance actions to regulators.
Scalability Limitations
Scalability Limitations
Scalability Limitations
Scalability Limitations
Traditional on-premises infrastructure struggles with global data demands and high transaction throughput, leading to compliance inefficiencies.
Traditional on-premises infrastructure struggles with global data demands and high transaction throughput, leading to compliance inefficiencies.
Traditional on-premises infrastructure struggles with global data demands and high transaction throughput, leading to compliance inefficiencies.
How Facctum Enhances AML Screening for Banks
How Facctum Enhances AML Screening for Banks
How Facctum Enhances AML Screening for Banks
Facctum’s cloud-based AML screening solution integrates artificial intelligence, natural language processing, and advanced data matching to help banks detect risks faster and more accurately. Each component of our system is designed for speed, transparency, and scalability.
Facctum’s cloud-based AML screening solution integrates artificial intelligence, natural language processing, and advanced data matching to help banks detect risks faster and more accurately. Each component of our system is designed for speed, transparency, and scalability.
Facctum’s cloud-based AML screening solution integrates artificial intelligence, natural language processing, and advanced data matching to help banks detect risks faster and more accurately. Each component of our system is designed for speed, transparency, and scalability.
Advanced Watchlist Management
Advanced Watchlist Management
Advanced Watchlist Management
Our Watchlist Management system automatically imports and maintains global sanctions and PEP data. It enriches and deduplicates information to ensure screening is both precise and up to date.
Our Watchlist Management system automatically imports and maintains global sanctions and PEP data. It enriches and deduplicates information to ensure screening is both precise and up to date.
Our Watchlist Management system automatically imports and maintains global sanctions and PEP data. It enriches and deduplicates information to ensure screening is both precise and up to date.
Intelligent Customer Screening
Intelligent Customer Screening
Intelligent Customer Screening
Through Customer Screening, Facctum uses AI to assess customer profiles in real time, uncovering hidden relationships and patterns of concern during onboarding and periodic reviews.
Through Customer Screening, Facctum uses AI to assess customer profiles in real time, uncovering hidden relationships and patterns of concern during onboarding and periodic reviews.
Through Customer Screening, Facctum uses AI to assess customer profiles in real time, uncovering hidden relationships and patterns of concern during onboarding and periodic reviews.
Real-Time Payment Screening
Real-Time Payment Screening
Real-Time Payment Screening
The Payment Screening module identifies high-risk payments and counterparties instantly across global payment networks while maintaining transaction flow efficiency.
The Payment Screening module identifies high-risk payments and counterparties instantly across global payment networks while maintaining transaction flow efficiency.
The Payment Screening module identifies high-risk payments and counterparties instantly across global payment networks while maintaining transaction flow efficiency.
AI-Powered Alert Adjudication
AI-Powered Alert Adjudication
AI-Powered Alert Adjudication
Facctum’s Alert Adjudication applies explainable machine learning to classify and prioritise alerts, enabling teams to focus on genuine threats and accelerate resolution.
Facctum’s Alert Adjudication applies explainable machine learning to classify and prioritise alerts, enabling teams to focus on genuine threats and accelerate resolution.
Facctum’s Alert Adjudication applies explainable machine learning to classify and prioritise alerts, enabling teams to focus on genuine threats and accelerate resolution.
Why Banks Choose Facctum’s AML Screening Software
Why Banks Choose Facctum’s AML Screening Software
Why Banks Choose Facctum’s AML Screening Software
Facctum’s platform delivers measurable improvements in accuracy, speed, and audit transparency, ensuring banks can operate efficiently while meeting global compliance standards.
Facctum’s platform delivers measurable improvements in accuracy, speed, and audit transparency, ensuring banks can operate efficiently while meeting global compliance standards.
Facctum’s platform delivers measurable improvements in accuracy, speed, and audit transparency, ensuring banks can operate efficiently while meeting global compliance standards.
Facctum’s platform delivers measurable improvements in accuracy, speed, and audit transparency, ensuring banks can operate efficiently while meeting global compliance standards.
Accuracy
AI and fuzzy matching reduce false positives by understanding linguistic variations, transliterations, and data inconsistencies.
Accuracy
AI and fuzzy matching reduce false positives by understanding linguistic variations, transliterations, and data inconsistencies.
Accuracy
AI and fuzzy matching reduce false positives by understanding linguistic variations, transliterations, and data inconsistencies.
Accuracy
AI and fuzzy matching reduce false positives by understanding linguistic variations, transliterations, and data inconsistencies.
Transparency
Transparency
Every alert includes a full audit trail and justification logic, ensuring regulator-ready oversight.
Transparency
Every alert includes a full audit trail and justification logic, ensuring regulator-ready oversight.
Transparency
Every alert includes a full audit trail and justification logic, ensuring regulator-ready oversight.
Transparency
Every alert includes a full audit trail and justification logic, ensuring regulator-ready oversight.
Speed and Scalability
Cloud-native architecture processes millions of records per second, adapting to growing data volumes and regional screening demands.
Speed and Scalability
Cloud-native architecture processes millions of records per second, adapting to growing data volumes and regional screening demands.
Speed and Scalability
Cloud-native architecture processes millions of records per second, adapting to growing data volumes and regional screening demands.
Speed and Scalability
Cloud-native architecture processes millions of records per second, adapting to growing data volumes and regional screening demands.
Operational Efficiency
Operational Efficiency
Automated case prioritisation and deduplication free compliance teams from manual review overload.
Operational Efficiency
Automated case prioritisation and deduplication free compliance teams from manual review overload.
Operational Efficiency
Automated case prioritisation and deduplication free compliance teams from manual review overload.
Operational Efficiency
Automated case prioritisation and deduplication free compliance teams from manual review overload.
Use Cases: AML Screening in Action
Use Cases: AML Screening in Action
Use Cases: AML Screening in Action
Banks worldwide are modernising compliance operations with AI-powered screening that enhances accuracy and reduces overhead.
Banks worldwide are modernising compliance operations with AI-powered screening that enhances accuracy and reduces overhead.
Banks worldwide are modernising compliance operations with AI-powered screening that enhances accuracy and reduces overhead.
Reducing Alert Volumes
Reducing Alert Volumes
Reducing Alert Volumes
A major retail bank achieved a 65% drop in duplicate alerts by integrating Facctum’s AI-based name matching and suppression logic.
Ensuring Regulatory Confidence
Ensuring Regulatory Confidence
Ensuring Regulatory Confidence
A global financial institution improved audit readiness by using explainable AI to document every screening decision for supervisory review.
Accelerating Customer Onboarding
Accelerating Customer Onboarding
Accelerating Customer Onboarding
A digital-first bank reduced onboarding screening times from hours to seconds using automated risk assessment and contextual matching.
Enhancing Cross-Border Transaction Monitoring
Enhancing Cross-Border Transaction Monitoring
Enhancing Cross-Border Transaction Monitoring
Banks can use real-time AML screening to strengthen oversight of international payments and detect potential sanctions risks earlier in the process.
Key Features of Facctum’s AML Screening Software
Key Features of Facctum’s AML Screening Software
Key Features of Facctum’s AML Screening Software
Facctum’s platform enhances efficiency and detection capability while maintaining complete auditability.
Facctum’s platform enhances efficiency and detection capability while maintaining complete auditability.
Facctum’s platform enhances efficiency and detection capability while maintaining complete auditability.
Contextual Matching
Contextual Matching
Contextual Matching
AI algorithms interpret variations in data such as spelling, language, and cultural naming conventions for more accurate results.
Explainable AI Framework
Explainable AI Framework
Explainable AI Framework
Every screening decision includes logic and metadata that enable full transparency for regulators and internal auditors.
Every screening decision includes logic and metadata that enable full transparency for regulators and internal auditors.
Every screening decision includes logic and metadata that enable full transparency for regulators and internal auditors.
Dynamic List Management
Dynamic List Management
Dynamic List Management
Automatic synchronisation with global sanctions and PEP databases ensures real-time updates and consistency.
Automatic synchronisation with global sanctions and PEP databases ensures real-time updates and consistency.
Automatic synchronisation with global sanctions and PEP databases ensures real-time updates and consistency.
Continuous Model Optimisation
Continuous Model Optimisation
Continuous Model Optimisation
Machine learning models evolve through feedback loops, improving precision and maintaining relevance against new risk typologies.
Machine learning models evolve through feedback loops, improving precision and maintaining relevance against new risk typologies.
Machine learning models evolve through feedback loops, improving precision and maintaining relevance against new risk typologies.
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
AML Screening FAQs for Banks
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 AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
What is AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
What is AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
What is AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
What is AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
What is AML screening for banks?
AML screening identifies customers or transactions that may be associated with sanctioned or high-risk entities. It ensures banks comply with global regulations and mitigate financial crime risk.
How does AI improve AML screening accuracy?
AI models use fuzzy matching and contextual understanding to reduce false positives and identify nuanced risk patterns.
Can banks achieve real-time sanctions screening?
Yes. Facctum’s cloud-based system performs instant list updates and real-time screening across payment and customer channels.
How does Facctum ensure regulatory compliance?
Facctum aligns with leading global frameworks including the Financial Action Task Force (FATF) and European Banking Authority (EBA), ensuring transparency and traceability in every decision.
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
Request a Demo
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
Request a Demo
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
Request a Demo
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
Request a Demo
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
Request a Demo
Ready to Modernise AML Screening at Your Bank?
Facctum empowers banks with AI-driven, explainable AML screening designed for speed, precision, and transparency. Discover how our platform can enhance detection performance, reduce false positives, and strengthen compliance confidence.
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
Solutions
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© Facctum 2025
Solutions
Industries
© 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!