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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Confirm serves as a solution for bank account verification within J.P. Morgan’s Kinexys Liink network. This tool assists financial institutions involved in the network by ensuring that the name of a beneficiary aligns with the provided bank account details prior to processing payments, thereby enhancing payment setup and account verification workflows. Institutions participating in this network can input account details and obtain a verification response efficiently. Tailored for banks, various financial entities, and payment service providers, Confirm is essential for validating beneficiary information as part of their payment processing tasks. The service's verification functionalities integrate seamlessly with payment infrastructure and external data sources, including verification agencies, and are not aimed at consumer banking applications. By implementing Confirm, organizations can significantly minimize payment errors arising from inaccurate beneficiary information, ultimately contributing to more reliable transaction processing. This functionality not only streamlines operations but also fosters greater trust in financial transactions.

Description

Fincom has developed cutting-edge "phonetic fingerprint" technology that allows for the prompt identification of any entity through their name, pronunciation, or "name-sound," all derived from a singular mathematical model. This enhanced "accurate name matching" capability not only significantly reduces operational expenses and mitigates the risk of incurring unnecessary fines but also bolsters trustworthiness and helps maintain your business’s reputation. Employing automated real-time systems powered by AI-ML layers, this technology utilizes over 48 sophisticated mathematical algorithms to ensure precise name matching across 38 languages, accommodating various transliterations and spelling differences. The suite of products offered includes solutions for accurate name matching, seamless onboarding and continuous monitoring automation, transaction screening, and adverse media analysis, along with level 1 and 2 filtering and optimization engines. Additionally, the technology verifies beneficiaries in payments against bank account holders to combat CEO and invoice fraud. By consolidating customer information into a unified view, it allows for the construction of detailed customer risk profiles, enhances understanding of exposure, and facilitates the forecasting of potential risks, ultimately leading to more informed decision-making.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Capgemini Intelligent Automation Platform No 
Cognizant No 
Finastra Essence No 
Kinexys Yes 
Microsoft 365 No 

Integrations

Capgemini Intelligent Automation Platform Yes 
Cognizant Yes 
Finastra Essence Yes 
Kinexys No 
Microsoft 365 Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

JPMorgan Chase

Founded

1799

Country

United States

Website

www.jpmorgan.com/kinexys/confirm

Vendor Details

Company Name

Fincom.Co

Founded

2016

Country

Israel

Website

fincom.co

Product Features

Product Features

AML

Behavioral Analytics No 
Case Management No 
Compliance Reporting No 
Identity Verification No 
Investigation Management No 
PEP Screening No 
Risk Assessment No 
SARs No 
Transaction Monitoring No 
Watch List No 

GDPR Compliance

Access Control No 
Consent Management No 
Data Mapping No 
Incident Management No 
PIA / DPIA No 
Policy Management No 
Risk Management No 
Sensitive Data Identification No 

Alternatives

No Alternatives

Alternatives

RiskScreen Reviews

RiskScreen

KYC Global Technologies