How they describe themselves: The founders of FinCom.Co have together more than 80 years of experience in the IT sector with more than 20 patents in the EU, Israel and the USA. The current business fits their expertise, knowledge and vast past experience. In their previous venture, the founders of FinCom.Co developed a mobile migration platform enabling unified communication that has been deployed worldwide and helps companies and mobile consumers manage their databases. Because of the experience and the challenges in the current project, they have started working with phonology and have developed unique technology called “Phonetic Fingerprint”, which was added to their new venture FinCom.Co.
How they describe their product/innovation: FinCom.Co’s solution is based on AI, fuzzy logic, machine learning, and advanced phonetics. This unique technology called ‘Phonetic Fingerprint’ matches names between different databases by changing words into a universal language of mathematical code. In result, it is easy to compare data in various languages even when it includes misspelling or transliteration mistakes. Our solution eliminates false negatives and decreases the number of false positives by 90% in less than a second. 36 algorithms working in parallel can process data in more than 25 languages for real-time cross-referencing and processing names and all other attributes (date and place of birth) ensuring the greatest level of accuracy in delivering results.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms, licensed
Bus. Dev. & Press: Sheila Makleff, VP Sales & Marketing, firstname.lastname@example.org