Facctum

Facctum

Software Development

New technology for financial crime compliance.

About us

Facctum is a new technology company specializing in risk management. The purpose of Facctum is to enable better business decisions. Our starting point is a Financial Crime Risk Management (FCRM) platform that delivers data-driven decisions for improved compliance effectiveness and more efficient operational performance. Our SaaS screening solution, FacctView, combines data analytics technology with high-performance name matching and risk decision-making capabilities. This delivers a resilient and agile response to risk that is scalable and explainable, with improved speed-to-compliance. Our approach is cloud-first, with a focus on enabling the integration of Facctum solutions into an institution's preferred technology stacks. Facctum was founded in 2021 by a group with various backgrounds in banking, FCRM technology, data science, and software engineering – who saw that attempts to solve critical FCRM problems did not use the full potential of new technology. Facctum is proud to be a product-led organisation -that is who we are- and the opportunity to build new empowering products is what drives us forward. Facctum is headquartered in London, United Kingdom, with operations in India Europe, and Australia. #facctum

Industry
Software Development
Company size
51-200 employees
Headquarters
London
Type
Privately Held
Founded
2021
Specialties
aml, Financial Crime, Data, AI, ML, Banking, SaaS, Decisioning, Risk, Financial Crime Risk Management, Anti-Money Laundering, CTF, Risk Management, Transaction Monitoring, Payments, Transaction Screening, Case Management, Risk Scoring, Risk Assessment, KYC, Watchlist Management, and WLM

Locations

Employees at Facctum

Updates

  • View organization page for Facctum, graphic

    7,365 followers

    Introducing FacctShield's Rescreening! Facctum's advanced Transaction Screening solution helps mitigate risks and comply with regulations. FacctShield helps you:  ✔️ Ensure no potential matches are missed  ✔️ Adapt to evolving risks and regulatory changes  ✔️ Save time and reduces manual efforts     Explore the benefits of real-time rescreening with FacctShield and elevate your transaction screening with Facctum Compliance Platform! #FacctShield #TransactionScreening #Rescreening #FinancialCrimeCompliance #Facctum

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  • View organization page for Facctum, graphic

    7,365 followers

    The European Union (EU) continues to expand its sanctions regime, reinforcing its longstanding commitment to upholding democratic values and international peace. In the EU’s 14th sanctions package, more than 2,200 individuals in critical sectors such as liquified natural gas (LNG) and transportation have been officially sanctioned. This measure is designed to curb circumvention attempts, strengthen sanctions enforcement on key parties, preserve global stability and prevent exploitation by bad actors. #Sanctions #EUSanctions #GlobalPeace #Democracy #SanctionsCompliance #Facctum 

  • View organization page for Facctum, graphic

    7,365 followers

    Join us in welcoming Jayesh Pathak to the Facctum team! 🤝  In addition to Jayesh’s passion for crafting dynamic, user-focused web applications, he is an explorer at heart – travelling to discover new cultures.  We are excited to have Jayesh’s innovation, curiosity, and expertise on board! Here’s to new beginnings and shared successes. Welcome, Jayesh!  #WelcomeToFacctum #NewTeamMember #SoftwareDeveloper #MERNStack #Innovation #Pune  

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    7,365 followers

    Perpetual KYC: Elevating Compliance for a Safer Financial Future With the EU’s recent sanctions expansions, perpetual KYC has become a non-negotiable strategy for companies navigating the complex waters of financial crime prevention. In today’s landscape, traditional KYC is no longer enough.  What is Perpetual KYC? Perpetual KYC is an ongoing, adaptive process where customer data is regularly verified and updated. This approach not only helps identify potential risks but also ensures that businesses remain compliant with evolving regulations, especially as financial crime threats become more sophisticated. The top features required in the industry are: 👉 Automated Risk Assessment: Advanced algorithms that assess risk in real-time, reducing manual work and improving the detection of suspicious behaviour. 👉 Integration with Regulatory Lists: Seamless access to global sanctions and watchlists, crucial for screening customers as regulations shift. 👉 User-Friendly Dashboards: Intuitive interfaces that simplify KYC management, enabling compliance teams to work efficiently with minimal technical hurdles. Access seamless KYC management with these features and more with Facctum. Book a demo today: https://lnkd.in/g8zrkGh2 #PerpetualKYC #CDD #Facctum

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  • View organization page for Facctum, graphic

    7,365 followers

    Are you ready for SEPA, the future of instant payments? The Single Euro Payments Area (SEPA) Instant Payments Regulation (IPR) is set to transform the landscape for EEA banks and payment service providers. In our new, insightful blog, Christian R., Director – New Business, unpacks SEPA Instant Credit Transfers (SEPA Inst) and highlights the compliance challenges, and solutions thereof, on the horizon.  Curious about what’s inside? Here’s why Christian’s article is a must read: ➡️ The Urgency of Real-Time Compliance: Understand the EU's push for secure, 24/7 euro payments across borders.  ➡️ New Standards for Financial Institutions: Learn about requirements like daily sanctions screening and automated regulatory checks.  ➡️ Technology’s Vital Role: Discover how advanced tools like Large Language Models (LLMs) for data extraction and automated updates are solving critical compliance hurdles.     Read the full blog here: https://lnkd.in/gzUnkb-v    Stay ahead of the 2025 regulatory shift: click on the link above to also know how Facctum is empowering institutions to seamlessly integrate these changes.  

    SEPA Instant Payment Regulations & key provisions

    SEPA Instant Payment Regulations & key provisions

    facctum.com

  • View organization page for Facctum, graphic

    7,365 followers

    Breaking News: $3.1 Billion Penalty for AML Compliance Failures 🚨 A major bank in the USA has agreed to pay a historic $3.1 billion in penalties for failing to meet its anti-money laundering (AML) obligations.  This case reveals how important it is for organisations to prioritise compliance – over $670 million in illicit funds flowed through the bank’s systems due to weak internal monitoring. This isn’t just about regulations; it’s about trust. Effective AML practices protect both financial systems and the broader community from criminal activities like drug trafficking and fraud. When gaps exist, the consequences can be costly, but they’re avoidable. At Facctum, we support organisations in navigating this complex landscape by offering: 👉 Real-Time Watchlist Screening: Access global watchlists in real-time and reduce false positives, focusing your efforts on genuine risks.  👉 High-Performance Transaction Monitoring: Detect and prevent suspicious activities with real-time, scalable monitoring designed for evolving threats.  👉 Seamless Business Verification: Strengthen your compliance by verifying businesses swiftly, reducing onboarding risks. At Facctum, we don’t just provide AML solutions – we partner with you to foster a culture of compliance, enhancing trust and protecting your financial integrity. Want to strengthen your AML practices? Let’s connect: https://lnkd.in/g8zrkGh2 #AML #Compliance #Facctum #FinancialIntegrity

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