How does Feedzai KYC compare to FacctView - Customer Screening?

Feedzai's KYC solution streamlines the customer verification process by automating checks against global databases, including sanctions lists and PEP records. The platform ensures compliance with KYC regulations while minimizing onboarding friction for legitimate users.

With advanced analytics and real-time risk scoring, Feedzai's KYC solution enhances decision-making and ensures accurate risk assessments. This empowers businesses to meet regulatory obligations while optimizing customer acquisition processes.

Facctum's Customer Screening solution, branded as FacctView, is an agile, fast, and highly accurate platform designed to simplify and strengthen customer onboarding and compliance processes. FacctView allows organisations to screen customers against global watchlists, PEPs (Politically Exposed Persons), sanctions, and adverse media in both real-time and batch mode.

The platform addresses common challenges in sanctions screening, such as managing multiple data sources and handling name variations, which often lead to false positives. With its advanced technology and flexible integration options, FacctView ensures compliance effectiveness while improving operational efficiency at scale.

Key Features and Benefits:
- Packaged Watchlist Data: Seamless integration with major watchlist sources like Refinitiv and Dow Jones, providing access to blacklists, PEPs, sanctions, and adverse media feeds.
- Accurate Matching: Utilises over 40 advanced algorithms to ensure precise detection of name variations, misspellings, phonetic similarities, and more.
- Reduced False Positives: By applying appropriate weights and continuous data standardisation, the solution achieves a 97% efficiency rate in reducing false positives.
- Faster Compliance: Robust APIs deliver screening results with an average latency of just 80 milliseconds, accelerating compliance processes and decision-making.
- Swift Deployment: The platform can be deployed within two weeks, ensuring minimal disruption and rapid time-to-market for organisations.

Additional Capabilities:
- Real-Time & Batch Screening: Supports both real-time and batch data screening with continuous data standardisation to maintain updated and relevant data feeds. Batch scheduling enables continuous automated monitoring.
- Configurable Matching Rules: Allows customisation of matching rules to align with an organisation's specific risk profile. Real-time testing and tuning enhance operational outcomes, supported by an integrated sandbox environment for trial runs.
- Alerts Engine: Offers flexible alert management options, either as a standalone feature or integrated with existing systems. Configurable rules help control sudden spikes in alerts and suppress repeated false positives.
- Audit Trails and Observability: Maintains a comprehensive audit trail of all screening activities, including search criteria, results, and actions taken, ensuring transparency and accountability. Role-based access controls restrict access to sensitive data and functionalities, safeguarding compliance operations.
- 360-Degree Reporting and Dashboards: Provides powerful reporting and dashboards to support both regulatory and internal compliance monitoring needs.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 13 by Chartis (2024)
• 🏆 Ranked - Leader by IDC (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 4 by Chartis (2024)
• 🏆 Category Winner - AI-driven Anti-Fraud Platform by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 35 by Chartis (2024)
• 🏆 Category Winner - Emerging Crime Typology Detection by Chartis (2024)
• 🏆 Category Winner - AI-driven Fraud Prevention by Chartis (2024)

• 🏆 Ones to Watch by Chartis (2023)

Feedzai is a data science company that develops real-time machine learning tools to identify fraudulent payment transactions and minimize risk in the financial services, retail, and e-commerce industries. Founded in 2011 by Nuno Sebastião, Pedro Bizarro, and Paulo Marques, Feedzai is headquartered in Coimbra, Portugal, with its U.S. headquarters in San Mateo, California.

The company's core offering is an AI-powered ‘RiskOps’ platform which helps financial institutions to detect, prevent, and manage financial crime while achieving regulatory compliance. Feedzai's solutions cover various aspects of financial security, including:

- Account opening and takeover prevention
- AML transaction monitoring
- KYC/Customer due diligence
- Transaction fraud detection
- Watchlist screening

Feedzai has achieved significant milestones in its growth and is now a well known brand in this space. It became a unicorn startup in 2021, valued at over $1 billion after a Series D funding round. Feedzai's AI analyzes over 3000 payment transactions per second and the platform processes 59 billion events per year and secures nearly $6 trillion in payments annually.

Facctum is a risktech company founded in 2021, specializing in Financial Crime Compliance (FCC) and Anti-Money Laundering (AML) solutions for the financial sector. Facctum are headquartered in London, England, with operations in Dublin, Pune, and Bangalore.

The company offers a suite of cloud-delivered enterprise AML solutions, including:

FacctList: A watchlist management platform that streamlines data feeds from various sources in near-real time
FacctView: A cloud-first screening solution for agile and accurate risk profiling
FacctShield: A quick and efficient transaction screening tool for modern payments landscapes
FacctGuard: An advanced transaction monitoring system that detects threats in real-time and uncovers complex behaviors
FacctCheck: A customer due diligence and KYC solution that automates data sourcing and provides continuous event monitoring

Facctum's technology is designed to improve compliance effectiveness, enhance risk detection, and increase operational efficiency. The company's SaaS-first approach and focus on explainability make it an attractive option for entities looking to modernize their financial crime prevention strategies.