How does PassFort Lifecycle compare to FacctView - Customer Screening?

PassFort Lifecycle by Moody's is a compliance automation platform that manages the entire customer lifecycle, from onboarding to ongoing monitoring. It facilitates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes by automating data collection, risk assessment, and due diligence. The platform integrates with various data providers and offers customizable workflows, enabling organizations to maintain compliance efficiently while enhancing customer experience.

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.

• 🏆 Best Decision Management Company by AI Breakthrough Awards (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 Category Winner - AI-driven Credit Data Enrichment by Chartis (2024)
• 🏆 Category Winner - AI-driven credit analytics by Chartis (2024)
• 🏆 Category Winner - AI-driven insurance risk analytics by Chartis (2024)
• 🏆 Category Winner - Strategy by Chartis (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 3 by Chartis (2024)

• 🏆 Ones to Watch by Chartis (2023)

Moody’s is a globally recognized integrated risk assessment firm best known for its credit ratings, research, and analytical tools in the financial sector. Founded in 1909 by John Moody, the company has grown over the past century to become one of the “Big Three” credit rating agencies, alongside Standard & Poor’s and Fitch Ratings. Moody’s provides ratings, insights, and risk analysis that inform and guide investors, financial market participants, and policymakers around the world.

At the core of Moody’s offerings are its credit ratings—an evaluation of creditworthiness that measures the likelihood that a borrower (such as a corporation, government, or structured finance entity) will be able to meet its debt obligations. These ratings, expressed through a standardized alphanumeric scale (ranging from Aaa for the highest-quality obligations to C for those in default), help inform lending decisions, influence interest rates, and shape investor perceptions. They are often required by regulatory bodies and are considered an essential component in global capital markets.

Moody’s also provides a wide array of research, data, and analytic tools to support risk management, portfolio analysis, and strategic decision-making. Through its subsidiary Moody’s Analytics, the firm delivers software solutions, economic data sets, quantitative models, and advisory services. These offerings support customers in areas ranging from credit risk measurement, stress testing, and regulatory compliance to supply chain management and environmental, social, and governance (ESG) assessments.

Another critical function of Moody’s is its role as a thought leader. Its analysts regularly publish sector research, market outlooks, and special commentary on emerging economic and financial trends. These insights help shape market discourse and policy debates on issues ranging from global debt sustainability to climate risk and systemic financial vulnerabilities.

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.