How Fincom's AI-Powered Sanctions Screening Is Transforming AML Compliance: Led by Nasdaq Ventures

The Problem: Banks Are Drowning in False Positives

Banks worldwide are struggling with an overwhelming challenge—managing sanctions compliance under mounting regulatory pressure. Legacy systems generate massive volumes of false alerts, forcing compliance teams to waste countless hours manually reviewing low-risk matches. According to Celent research, sanctions screening alone accounts for 20% of the $35 billion that financial institutions globally invest in Financial Crime & Compliance technology annually. Add rapid payment digitization, evolving geopolitical threats, and multilingual transaction flows into the mix, and it’s clear: traditional solutions are broken.

Enter Fincom: A New Approach to an Old Problem

Fincom has developed a fundamentally different answer to sanctions screening using proprietary computational linguistics, distance-based matching algorithms, and advanced phonetic analysis. Unlike structure-dependent legacy systems, Fincom’s technology is agnostic to language, data format, and information source—enabling it to accurately match names and references across multiple languages and databases with significantly fewer false positives. The result? Clients see over 80% operational cost reductions while achieving superior accuracy and compliance outcomes.

Today, dozens of U.S. banks already rely on Fincom’s anti-money laundering solutions to mitigate sanctions risk and maintain regulatory compliance. Now, with major new backing and a transformative partnership announcement, the company is positioned to expand this impact globally.

Series B Success: Betting Big on Innovation

Fincom has completed its Series B funding round, securing strategic investment led by Nasdaq Ventures, with additional backing from Macquarie Group, G1 Ventures, and existing supporters AnD Ventures and ff Venture Capital. This milestone reflects investor confidence in Fincom’s market opportunity and execution capabilities.

“This investment validates our team’s hard work, our customers’ trust in our solutions, and our investors’ belief in our vision,” said Gideon Drori, Founder and CEO of Fincom. “We’re ready to accelerate our impact on the AML compliance landscape and deliver substantial value to current and future clients.”

Nasdaq Ventures Sees Strategic Potential

Gary Offner, Senior Vice President and Head of Nasdaq Ventures, highlighted what drew the investment: “Fincom delivers faster, more accurate sanctions screening compared to legacy approaches, simplifying a complex AML landscape and enabling better regulatory adherence. We’re excited to welcome them to our portfolio and leverage our partnership with Nasdaq Verafin to unlock synergies between our platforms.”

A Global Partnership That Changes Everything

Beyond the funding, Fincom is entering a strategic global partnership with Nasdaq Verafin, Nasdaq’s financial crime management technology business. Verafin serves over 2,600 financial institutions representing more than $10 trillion in collective assets. Through this collaboration, Verafin’s clients gain access to Fincom’s advanced sanctions screening capabilities, translating into improved efficiency, reduced operational costs, enhanced compliance, and better customer experience through cutting-edge technology.

“Fincom’s AML solutions deliver exceptional value—proven by their extraordinary growth and strong client retention,” said Gary Munitz, Global Co-Head of Macquarie Capital Venture Capital. “We’re excited to support their strategy of replacing legacy providers and manual workflows with cloud-native, battle-tested AML solutions.”

What’s Next: Expanding the Toolkit

Series B proceeds will fuel Fincom’s international expansion and the launch of new offerings including Politically Exposed Persons (PEPs) screening, adverse media monitoring, and Verification of Payee (VOP) services. Earlier this year, Fincom expanded its U.S. team to serve the growing North American market—and this funding accelerates that momentum on a global scale.

For banks tired of false positives, rising compliance costs, and legacy system limitations, Fincom’s combination of innovation, market validation, and strategic partnerships signals a fundamental shift in how AML compliance can be done. With Nasdaq Ventures backing and Nasdaq Verafin distribution, the company is positioned to reshape sanctions screening at scale.