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.

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.

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.

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.

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.

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.

Real-Time Screening Performance

Facctum’s Customer Screening technology delivers sub-second checks against global sanctions and PEP lists, ensuring compliance without delaying onboarding.

Data-Driven Accuracy

Machine learning and natural language processing enhance matching accuracy by recognising linguistic variations and contextual relationships in customer data.

Watchlist Integration

Through seamless connection to Watchlist Management, institutions maintain centralised, clean, and deduplicated lists aligned with regulatory sources.

Adverse Media Insights

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

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.

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.

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

Financial institutions rely on Facctum’s AI-powered screening tools to improve accuracy, efficiency, and compliance assurance.

Reducing False Positives

'A regional bank reduced unnecessary alerts through automated suppression logic and contextual name matching.'

Enhancing Onboarding Speed

'A digital bank achieved real-time onboarding for new customers while maintaining full regulatory compliance.'

Strengthening Sanctions Oversight

'Institutions use Facctum’s integrated List Management to ensure sanctions data remains accurate and regulator-aligned.'

Delivering Value Across the Compliance Lifecycle

Facctum connects screening, list management, and alert adjudication into a unified compliance framework. This end-to-end design reduces manual work, enhances data accuracy, and ensures decisions are explainable and traceable.

By aligning with evolving FATF standards and the EU AML framework, Facctum ensures banks and fintechs can demonstrate both effectiveness and accountability in their compliance programmes.

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.

AI-Driven Matching

Machine learning improves matching precision by recognising partial, fuzzy, or multilingual name variations.

Integrated Risk Data

Combine sanctions, PEP, and adverse media data in a single screening workflow.

Explainable Decisions

Every decision is traceable and includes reasoning data for full regulator visibility.

Continuous Optimisation

Feedback loops refine screening logic over time based on historical case outcomes.

Built for Modern Compliance Teams

Facctum empowers compliance professionals with cloud-native tools that adapt to complex operational and regulatory requirements.

• Explainable: Each decision is backed by clear logic and audit trails.

• Scalable: Infrastructure adapts automatically to high screening volumes.

• Secure: Enterprise-grade encryption safeguards all customer and list data.

• Reliable: High availability ensures consistent performance across jurisdictions.

Trusted by Leading Financial Institutions

Facctum supports name screening operations for banks, fintechs, and payment service providers worldwide.

Clients rely on Facctum to:

• Detect sanctions and PEP risks accurately in real time.

• Maintain regulator-ready audit documentation.

• Minimise false positives through explainable AI.

• Streamline customer onboarding and monitoring workflows.