Facctum

Revolutionising AML Compliance with Customer Network Maps! Financial crime is becoming more sophisticated, and traditional AML practices are falling behind. In response, the UK FCA proposes an innovative solution: leveraging enterprise-wide customer data to create network maps for better financial crime detection. Extrapolating this insight, our latest blog by Gaurav Singh, our Chief Data & AI/ML Officer, delves into what a shift towards adopting master data management (MDM) looks like.   Curious about how this groundbreaking approach works and its potential challenges? Dive into this blog where Gaurav explores how customer network maps can transform financial crime detection and compliance efforts. Read the blog now: https://lnkd.in/g9ei2vRW Stay ahead of regulatory changes and elevate your AML strategy. Embrace the future with customer network maps and robust data governance!   #CustomerData #AML #ComplianceInnovation #FinancialCrime #DataManagement #CRM #RegTech

We are delighted to welcome Anuj Gupta to the Facctum family!    Anuj Gupta graduated from IIIT Gwalior this year and has completed two internships that have given him hands-on experience with MERN stack and AWS services. So, it is no surprise that he likes solving coding problems in his free time.      Aside from his passion for developing software, he enjoys a good game of cricket. He also loves watching web series and travelling and the combination of these two activities.      We wish him the best in his role as a Software Development Engineer 1 and are excited to grow together!     #WelcomeAboard #NewJoiner #Bengaluru #Facctum #SoftwareDevelopment #Technology

Welcome to the team, Sai Sreeja! We are happy to announce that Sai Sreeja has joined Facctum as a Software Development Engineer 2 in our Bangalore office. She completed her engineering degree in Computer Science and has taken up roles like Business Technology Analyst, Tax Technology Consultant, and Data Engineer in her 4 years of work experience thereafter. When she is not upskilling or upgrading her tech stack knowledge, Sreeja likes to spend her time cooking or reading spiritual books. She believes in having a problem-solving approach to life, be it in organising things at home or trying to effectively tackle challenges at the workplace. Join us in wishing her success and happiness in this new phase of her career! #NewJoiner #TeamWelcome #FacctumTeam #InnovationInTech 

Introducing FacctShield’s Pre-screening & Post-screening!     Elevate your transaction screening process with our customisable set of rules. Ensure priority handling and bring unmatched efficiency to your screening operations.    Benefits:  👉 Tailored screening for your unique requirements 👉 Enhanced efficiency through priority handling  👉 Seamless transaction processes    Get ready to streamline your workflow with FacctShield's advanced screening capabilities. Stay ahead and ensure your transactions are processed with precision and speed.     Join the future of transaction screening with FacctShield! Reach out to us to know more.   #Facctum #Fintech #Innovation #TransactionScreening #ComplianceExcellence #StrategicAML #RegTech #FacctShield

Welcoming Kavita Kumari, the newest member of our team, to the Facctum family!     Kavita hails from Ranchi and has an engineering degree in Computer Science. As someone who is passionate about learning new technologies, her experience in MERN stack development is coupled with her expertise in ReactJS, Next.js, Node.js, and MongoDB, amongst others.     On the personal front, she has a curiosity that makes her want to experience different cultures and “new” places. She also likes to socialize and enjoys the company of family and friends.      Join us as we extend our best wishes to Kavita! #NewJoiner #TeamWelcome #FacctumFamily #InnovationInTech

Introducing FacctShield's Good Guy Automation!     Say hello to smoother transaction screening! Our cutting-edge platform empowers case managers with a powerful feedback loop to ensure that only legitimate transactions are cleared through a pass list, reducing the risk of false positives. Discover how FacctShield is revolutionising transaction screening with precision and efficiency.    Benefits:  👉 Minimise false positives at the match level  👉 Streamline your transaction processes  👉 Enhance operational efficiency    Join us in transforming the future of transaction screening with FacctShield!    #Fintech #Innovation #TransactionScreening #FacctShield #GoodGuyAutomation 

Introducing FacctShield's AI Automation! Revolutionise your alert assessment process with our embedded AI models. Receive intelligent recommendations that enhance your decision-making and streamline your operations. Benefits:  👉 Advanced AI for accurate alert assessment  👉 Intelligent recommendations for faster decisions  👉 Enhanced operational efficiency Transform your transaction screening and alert management with the power of AI. Reach out to us and embrace the future of intelligent automation! #Facctum #ComplianceExcellence #StrategicAML #RegTech #FacctShield

Please join us in welcoming ROHIT PRAJAPATI to the Facctum team! Rohit joins us as a Software Development Engineer 2 in our Pune office. As someone who has a keen interest in new technologies, he has valuable work experience in MERN stack development and AWS services (Amazon S3, SES, Lambda, Cognito). When Rohit is not working, he enjoys a game of cricket. He also likes to read books and travel to places he has never been to before.  Welcome aboard, Rohit! #NewJoiner #WelcomeToTheTeam #TechTalent #Facctum #MERNStack #AWS #SoftwareDevelopment #Engineering 

AMLA, based in Frankfurt, will start its work in mid-2025, overseeing high-risk financial entities and coordinating the efforts of EU member countries’ financial intelligence units.     With direct supervisory powers and the ability to levy fines, AMLA will bring stricter and harmonised rules to fight money laundering and terrorist financing. The new measures extend to crypto firms, and soccer clubs, and include centralised banking records for enhanced law enforcement access.    Facctum is committed to supporting these advancements. Our solutions – FacctList for watchlist management, FacctView for customer screening, and FacctShield for transaction screening – are designed to help banks and financial institutions navigate these new regulations effectively.    Contact Us to know more!    #Facctum #RegTech #FinancialCrimePrevention #AMLCompliance #FinanceNews 

Welcoming Gaurav Singh to our Facctum family! Gaurav Singh, who has joined us as a Chief AI/ML & Data Officer, brings with him many years of experience in the software industry. This includes his expertise in data and machine learning engineering, and his skill in architecting impactful cloud, data, AI, and enterprise solutions. Gaurav is an exciting and timely addition to the Facctum Leadership Team. Facctum Solutions are already leveraging AI/ML for several use cases. Gaurav’s arrival will most definitely accelerate going wider and deeper. On the personal front, Gaurav resides in Pune, and he enjoys the nature trails this city offers him. He likes to spend his time off work going on treks and engaging in other such outdoor activities. Join us in extending a warm welcome to Gaurav as he embarks on another leg of his professional journey! #NewJoiner #TeamWelcome #FacctumFamily #MachineLearning #Innovation