How it Works
Together, Lucinity and Facctum offer a seamless, unified approach to managing alerts across sanctions, PEP screening, and AML, all within a single platform. Here's how:
- Real-Time Screening: Facctum’s technology provides institutions with updates to sanctions lists within 15 minutes, ensuring compliance with changing regulations like SEPA Instant Payments.
- Customizable Watchlists: Institutions can configure their own watchlists or leverage third-party sources such as LSEG (WorldCheck), Dow Jones, and Kharon.
- AI-Enhanced Case Management: Lucinity embeds watchlist screening into its Case Manager. Luci, Lucinity's AI-powered copilot, analyzes screening results in real-time, providing actionable insights that accelerate decision-making.
- Real-time Decisioning and Automatic Payment Holds: Analysts can block or release transactions directly from the Lucinity interface as part of reviewing matches. Additionally, payments suspected of fraud are temporarily held, ensuring verification before processing.
Customer Benefits
Stay on Top of Regulations
Facctum’s real-time updates ensure financial institutions meet stringent regulatory requirements like SEPA Instant Payments by screening as soon as new sanctions are announced. This keeps institutions compliant and minimizes the risk of costly penalties.
Accelerate Investigations
Lucinity’s AI-driven platform, including Luci, reduces investigation times from three hours to just 30 minutes by delivering actionable insights in real-time. This AI-powered efficiency can save large financial institutions up to $25 million annually in productivity gains.
Flexible, Precise Screening
With customizable watchlists and access to trusted third-party sources like Dow Jones and Kharon, institutions can tailor their screening to specific needs, drastically reducing false positives and improving the accuracy of compliance workflows.
"At Lucinity, we’ve always aimed to provide comprehensive solutions that simplify financial crime management for our customers. Our partnership with Facctum enables us to offer real-time screening alerts alongside fraud and AML monitoring and investigation, all within one platform. This allows institutions to remain compliant with rapidly changing regulations while efficiently managing investigations."
Book a Meeting
Want to learn more about Lucinity and Facctum's joint solution? Book a meeting with our team of experts.
