Fincom

Fincom (also referenced as FinCom.co and operating as Phonemix Ltd.) is an Israel-based provider of anti-money laundering (AML) sanctions screening and entity resolution technology. Its unified suite covers sanctions and watchlist screening across payment types including wires/SWIFT, ACH, instant payments and trade finance, plus KYC onboarding and perpetual KYC (pKYC) and Verification of Payee (VoP). The company states its solutions deliver a straight-through-processing rate above 93% and reduce sanctions screening operational costs by more than 80%, cutting alert rates from 30-50% to about 5% and per-item processing time from roughly 8 minutes to 0.5 minutes.

At the core of the platform are proprietary Phonetic-Linguistic and Entity Resolution engines built on Phonetic Fingerprint technology, which converts a name into a mathematical sequence representing its pronunciation and phonemes. The company describes the use of 48 mathematical algorithms combining phonetics, computational linguistics and distance-based algorithms to trace phonemes across more than 44 languages, transliterations and spelling variations, enabling real-time matching (under 200ms) that is structure-, language- and data-source-agnostic. Fincom states it holds ISO 27001 and SOC 2 certifications.

Fincom says its solutions have been adopted by dozens of U.S. banks as well as financial institutions in the EU and UK, international regulators and technology companies; named client references include Cadence Bank, The National Bank of Indianapolis, Jefferson Bank (TX), AgriBank FCB and Farmers & Merchants Bank.

Founding story

Gideon Drori and Dr. Oleg Golobrodsky decided in 2016 to apply their prior work on cross-language unification of unstructured database entries to anti-money laundering, founding the company in 2017. Drori had previously founded Ecotech Recycling and That Systems and is a published author of 32 granted international patents; Golobrodsky holds a Ph.D. in computer science, was formerly a professor and scientific supervisor in the Department of Computer Sciences at Bar-Ilan University, and holds over 50 granted international patents.

Business model

Fincom licenses AML sanctions screening, entity resolution and KYC/pKYC software to financial institutions, selling directly and through reselling partners that include payment service providers, fintechs and global IT integrators.

Software sold to financial institutions for sanctions screening, KYC/pKYC and related compliance functions, with revenue also generated through reselling partners.

Traction

The company reports adoption by dozens of U.S. banks plus financial institutions in the EU and UK, with named references from Cadence Bank, The National Bank of Indianapolis, Jefferson Bank, AgriBank FCB and Farmers & Merchants Bank. Reported customer outcomes include a fall in false positives from about 95% to 3-5% at AgriBank and an 85%+ reduction in OFAC wires requiring review at Farmers & Merchants Bank. Headcount was reported at 13 in July 2023.

Latest developments

In May 2025 Fincom announced a Series B round led by Nasdaq Ventures with participation from Macquarie Group, G1 Ventures and existing investors AnD Ventures and ff Venture Capital, alongside a global partnership with Nasdaq Verafin. Proceeds are intended to fund international expansion and new offerings covering politically exposed persons (PEP) and adverse media screening and Verification of Payee services. The company has also been named a finalist for the Paytech Awards USA and was featured in a Datos Insights Fraud & AML fintech spotlight report.