Taktile

With Taktile, we can rapidly evolve our credit strategy, streamline operations, and strengthen risk controls — enabling better credit experiences for thousands of customers and freeing our credit team from hours of manual work.

– Tom Bright, Transaction Risk Manager at Finom Meet Finom: Simplifying financial management for SMEs across Europe For small-to-medium sized companies, financial management often means juggling multiple vendors and platforms just to keep operations running. Finom exists to solve this problem – and make life easier for organizations across Europe. By consolidating business banking solutions, payments, invoicing, and expense management into a single, mobile-first solution, Finom offers a one-stop-shop for businesses to manage their entire financial ecosystem in one place. As a trusted banking solution to over 200,000 companies, robust financial crime operations are critical to driving Finom’s growth while keeping its business and customers safe. The opportunity: Equipping the risk team to act with full autonomy and flexibility As Finom expanded across Europe and diversified its customer base, its compliance and fraud experts needed to move faster than ever before. But existing core logic hard-coded into the back-end prevented non-technical teams from directly updating logic or customizing rulesets.

AI is particularly helpful in adding that information you can’t get from static logic, and using it to decide whether to create an alert for humans to look at. For example, if a transaction description includes ‘tank,’ AI can easily discern if this relates to a military vehicle or someone filling up their car with gas.