Facctum Unveils Next-Gen Financial Crime Tech in Nigeria: Strengthening AML/CFT Compliance Amid FATF Greylisting
Risktech Pioneer Facctum Introduces Advanced Solutions in Nigeria
3rd May 2023, Lagos - Facctum, a leading risktech company renowned for its innovative anti-financial crime solutions, has launched its latest technology in Nigeria. Leveraging parallel processing technology, Facctum aims to modernize Africa’s AML/CFT detection, responding to the industry’s evolving risk landscape following the country’s recent FATF greylisting.
Facctum’s African Expansion: Serving Nigerian Financial Institutions and Regtechs
Facctum, which established its first African office in Johannesburg earlier this year, is strengthening its presence on the continent by focusing on serving Nigerian financial institutions and regtechs.
Director of Business Development – EMEA’s Excitement
Nicolas Willard, Facctum’s Director of Business Development – EMEA, expressed his enthusiasm for the Nigeria expansion, stating, “We are thrilled to bring cutting-edge anti-financial crime solutions closer to the Nigerian financial and fintech industry.”
Innovative Solutions Tailored for Nigerian Market
Facctum’s offering includes the following solutions:
- FacctList: A watchlist management solution designed to revolutionize how Nigerian financial institutions handle critical sanctions and anti-terrorism financing risk data.
- Advanced Parallel Processing Technology: A powerful technology ensuring affordability, sustainability, and security for financial crime compliance solutions within regulated industries.
“We are proud to introduce FacctList, our new watchlist management solution designed exclusively for Nigerian financial institutions.” - François Améguidé, Director of Business Development - Africa, Facctum
Revolutionizing Compliance with Facctum’s Innovative Solutions
Revolutionary Watchlist Management Solution
Facctum unveiled FacctList, a game-changing watchlist management solution in Nigeria. This tailor-made solution streamlines the process of handling critical sanctions and anti-terrorism financing risk data, providing a swift response to regulatory changes and enhanced transparency in risk decision-making, ultimately enhancing Nigerian firms’ compliance controls.
Agile and Effective Risk Decisioning at Facctum
Agile, Low-Latency Risk Decisioning Technology
Facctum’s cloud-delivered enterprise risk decisioning technology empowers agile, low-latency, and highly effective screening.
SaaS-First FCC Platform
The SaaS-first Financial Crime Compliance (FCC) platform is established upon parallel processing and deterministic technology, resulting in more accurate risk detection, faster compliance, and operational sustainability.
Global Operations and Commitment to Compliance
Headquartered in London
Facctum, with its headquarters in London, demonstrates its leadership and commitment to the global financial industry.
Operations in Dublin, Johannesburg, Pune, and Bangalore
The company also conducts its operations in Dublin, Johannesburg, Pune, and Bangalore.
For more information about Facctum and its comprehensive range of anti-financial crime solutions, visit facctum.com or contact media@facctum.com.