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DSS’ SafetyNet wins Most Innovative Compliance as a Service Solution Award

New York City, 17th November 2017 – SafetyNet.ai, Domus Semo Sancus’ (DSS) Enhanced Due Diligence Cognitive Search and Crime Prevention tool, won “Most Innovative Compliance as a Service Solution” at the RegTech Industry awards, which took place on the 16th November 2017 in New York City immediately following the RegTech Summit for Capital Markets. The RegTech Awards “…acknowledges those companies who are creatively finding solutions to help with regulatory challenges.”

On hand to collect the award for DSS was E. Jay Saunders, Chairman and CEO, and Rohit Trivedi, Head of Technical Development. Trivedi, who flew in from India for the occasion stated that “…this is a significant achievement for DSS. The way and the level that we’re utilizing Artificial Intelligence in SafetyNet.ai breaks new ground for this industry, and I’m very proud of that.” Saunders, who was also a speaker at the summit, described the achievement as “…one that DSS is extremely proud of, especially when you consider the competition. Many of them are global brands who are giants in their industries, and we’re just a startup from one of the smallest places on the planet.”

Thanking the A-Team, the organizers of the RegTech Summit and the Industry awards, Saunders commented that “We would like to thank the A-Team for including us in this summit. It was an amazing event and we had a great time.” CEO Saunders also congratulated all the other winners at the RegTech Industry awards and gave credit for DSS’ award to “our very talented and hardworking international staff who I look forward to working with every day. Each of them deserves this award…”, but further stated that “…after what the Caribbean, and particularly the Turks and Caicos Islands, went through this year with Hurricanes Irma and Maria, this award is going home with me to the Turks and Caicos Islands.”

 

 

About Domus Semo Sancus (DSS)

Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders in November 2014, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide. SafetyNet.ai is DSS’ award winning enhanced due diligence (EDD) cognitive search and crime prevention tool. It helps companies comply with KYC and AML rules and regulations by utilizing an artificial intelligence engine to help companies spot and mitigate risks before they become threats. SafetyNet.ai is cloud based and is offered in the following subscriptions: Lite, EDD (Enhanced Due Diligence), EDD Enterprise, Safe City, and Developer.

For more information on SafetyNet.ai, visit: www.safetynet.ai.

DSS to be featured at the RegTech Summit for Capital Markets 2017

New York City, 12th November 2017 – Domus Semo Sancus (DSS), a financial technology startup created by E. Jay Saunders, will be featured at the upcoming RegTech Summit for Capital Markets – New York City, which will take place on the 16th November 2017. Headline speakers for the event include Thomas Dunlap, Managing Director, Goldman Sachs and Julia Bardmesser, Global Head of Data Integration, Deutsche Bank.

During the summit, DSS’ Chairman and CEO, E. Jay Saunders will join John Sproat, Global Head of Client Data, RBC Capital Markets, and Charles Minutella, Business Development Manager – KYC, Thomson Reuters, on stage to discuss the topic “Applying innovative technologies to manage risk and improve onboarding, KYC and AML”.

SafetyNet.ai, DSS’ Enhanced Due Diligence Cognitive Search and Crime Prevention tool, will be featured on stage during the “RegTech Showcase” portion of the summit, where E. Jay will lead off the “…innovative RegTech start-ups showcasing their regulatory compliance solutions.”

The summit will conclude in the afternoon with the RegTech Industry awards, in which SafetyNet.ai has four nominations in the following categories:

  • Most Innovative use of KYC Software for Client On-boarding
  • Most Innovative use of AI in Regulatory Compliance Solution
  • Most Innovative Cloud-based Regulatory Solution
  • Most Innovative Compliance as a Service Solution

The RegTech Awards have been designed to acknowledge those companies who are creatively finding solutions to help with regulatory challenges. Other nominees for the 2017 RegTech Awards include industry veterans Accenture, BearingPoint, Bloomberg, Deloitte, IBM, KPMG, LexisNexis, Oracle, PWC, and Thomson Reuters.

About Domus Semo Sancus (DSS)

Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders in November 2014, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide.

SafetyNet.ai is DSS’ award winning enhanced due diligence (EDD) cognitive search and crime prevention tool. It helps companies comply with KYC and AML rules and regulations by utilizing an artificial intelligence engine to help companies spot and mitigate risks before they become threats. SafetyNet.ai is cloud based and is offered in the following subscriptions: Lite, EDD (Enhanced Due Diligence), EDD Enterprise, Safe City, and Developer.

For more information on SafetyNet.ai, visit:  www.safetynet.ai.

 

DSS to be part of StartUp City at Money20/20 2017

New York City, 10th October 2017 – Domus Semo Sancus (DSS), a financial technology startup created by E. Jay Saunders, will be part of Startup City at the prestigious Money20/20 conference being held from October 22-25, 2017 in Las Vegas, Nevada.

Money20/20 is the world’s largest conference on ideas, connections, and deals within the Payments and Financial Services space. It brings together the major players who are revolutionizing the future of money. The 2017 U.S. event is expected to have 11,000+ attendees, including more than 1,700 CEOs & Presidents, from 4,500 companies and 85 countries. Some of the notable speakers of Money20/20 2017 include:

  • PATRICK GAUTHIER, VP Amazon Pay
  • JENNIFER BAILEY, VP Internet Services, Apple Pay
  • STEVE WOZNIAK, Co-Founder, Apple
  • KAHINA VAN DYKE, Global Director Payment Partnerships, Facebook
  • SPENCER SPINNELL, Director Emerging Platforms, Google
  • DAVID HARRIS, Head of Commercial Innovative Technology, London Stock Exchange Group
  • KIKI DEL VALLE, SVP Digital Payments & Labs, Mastercard
  • JOSH KAROLY, Senior Manager Global Payments, Netflix
  • DAN SCHULMAN, CEO & President, PayPal
  • DAVID RICHTER, Global Head of Business & Corporate Development, Uber
  • JIM MCCARTHY, Global Head of Innovation & Strategic Partnerships, Visa
  • KARLA ALLEN, Senior Director Mobile Wallets, Walmart
  • ACQUELINE MOLNAR, SVP & Chief Compliance Officer, Western Union

Startup City, where DSS will be present, is sponsored by Mastercard, and it is described by Money20/20 as “…home to 2017’s most exciting startups in the Payments and Financial Services ecosystem.” Mastercard is sponsoring Startup City through its Start Path program, which is its “…global effort to support innovative startups developing the next generation of commerce solutions. Start Path collaborates with elite startups from around the world to create breakthrough solutions and build the future of commerce.”

Representing DSS at Money20/20 will be Chairman & CEO, E. Jay Saunders and Head of Technical Development, Rohit Trivedi. “We are very thankful to the organizers of Money20/20 for inviting DSS to be part of Startup City. It gives us a tremendous opportunity to showcase SafetyNet, our enhanced due diligence cognitive search tool, to the main players in the global payments industry.” stated Saunders. “If you’re attending the Money20/20 conference in Las Vegas, I encourage you to join us at booth S50 to find out how SafetyNet.ai is playing a role in the future of money” he further commented.

Performing at Money20/20’s Industry Night, which will take place at the Omnia Nightclub, is 3x Grammy Award-winning performer Ne-Yo.

DSS nominated for 4 A-Team 2017 RegTech Awards

New York City, 28th September 2017 – Domus Semo Sancus (DSS), a financial technology startup created by E. Jay Saunders, has been nominated for 4 A-Team 2017 RegTech (Regulatory Technology) awards for its Enhanced Due Diligence Cognitive Search and Crime Prevention Tool SafetyNet.ai (www.safetynet.ai).

The categories in which DSS were nominated are:

• Most innovative use of KYC software for client on-boarding
• Most innovative use of AI in regulatory compliance solution
• Most innovative cloud-based regulatory solution
• Most Innovative compliance as a service solution

The RegTech Awards have been designed to acknowledge those companies who are creatively finding solutions to help with regulatory challenges. DSS is the only company from the Caribbean that was nominated, and one of only a few companies with multiple nominations. The awards ceremony will take place in New York City on the 16th November 2017 during the RegTech Summit for Capital Markets. Headline speakers for the event include Thomas Dunlap, Managing Director, Goldman Sachs and Julia Bardmesser, Global Head of Data Integration, Deutsche Bank.
E. Jay Saunders, Chairman and CEO, DSS will demo SafetyNet.ai at the summit during the RegTech Showcase event and he will also form part of the panel discussing the topic “Applying innovative technologies to manage risk and improve onboarding, KYC and AML”.
Other nominees for the 2017 RegTech Awards include industry veterans Accenture, BearingPoint, Bloomberg, Deloitte, IBM, KPMG, LexisNexis, Oracle, PWC, and Thomson Reuters. “The industry that our clients operate in is ever changing and the risks for them are high.” stated E. Jay. “Our clients put a lot of faith and trust in us, and that’s why we spend a lot of time and effort to ensure that SafetyNet can help them mitigate risk at a local and global level. To have SafetyNet recognized by the A-Team is a great honor.” he further commented.
To vote in the 2017 RegTech Awards go to http://datamanagementreview.com/awards.
Voting closes 4th October 2017.

About Domus Semo Sancus (DSS)
Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide.
SafetyNet.ai is DSS’ award winning enhanced due diligence (EDD) cognitive search and crime prevention tool. It helps companies comply with K.Y.C and A.M.L. rules and regulations by harnessing the combined artificial intelligence power of IBM Watson, Amazon, Google, and Microsoft, to help companies spot and mitigate against risks before they become threats. SafetyNet.ai is cloud based and is offered in the following subscriptions: Lite, EDD (Enhanced Due Diligence), EDD Enterprise, Safe City, and Developer.
For more information on Domus Semo Sancus (DSS), visit: www.semosancus.com.
For more information on SafetyNet.ai, visit: www.safetynet.ai.

DSS taps IBM Watson to help companies reduce their onboarding risks

The Turks & Caicos Islands Government adopts SafetyNet App, powered by IBM Watson, to speed up investors onboarding

PROVIDENCIALES, Turks & Caicos Islands, 25th October 2015 – Domus Semo Sancus (DSS), a financial technology company, today announced it has become an IBM Watson Ecosystem Partner and The Turks & Caicos Islands Government is using its SafetyNet™ application, powered by Watson to assess the background of those interested in investing in the country during the onboarding process. By leveraging the cognitive computing power of Watson, SafetyNet is able to help The Turks & Caicos Islands Government improve business operations and shorten the amount of time it takes to vet a potential investor to minutes versus days.

Watson’s ability to interact in natural language, analyze large volumes of unstructured data, respond to complex questions with evidence-based answers, and discover new actionable patterns and insights allows SafetyNet to expose patterns, connections, and insights around persons and entities-of-interest at a depth and speed no human expert can ever achieve on their own. With SafetyNet, DSS’ customers are able to onboard qualified customers and employees much faster than they could without the cognitive computing solution.

Know Your Customer (KYC) lapses have cost companies billions in fines and even more in reputational damage. SafetyNet help companies mitigate against such risks, has embedded Watson natural language APIs via the IBM Watson Developer Cloud, which allows it to meet the performance and system availability requirements of even the most discerning clients.

“SafetyNet has the ability to help governments speed up inward investments, as it can vet potential investors in minutes, compared to the days it takes with other methods,” states Hon. Dr. Rufus W. Ewing, Premier, The Turks & Caicos Islands Government.

“People aren’t always what they seem, and not knowing who you’re dealing with can be costly, especially in a trust and on-demand economy. Businesses today need a thorough, affordable, and relatively quick way to conduct background checks on potential associates, and SafetyNet with IBM Watson addresses that need at a global level,” states E. Jay Saunders, Founder and CEO, DSS.

DSS is joining a growing community of startups and established businesses who are leveraging the Watson Developer Cloud, a platform used by more than 77,000 developers globally to pilot, test and deploy new business ideas in industries ranging from health care, financial services and retail to education, music, and sports. The community includes more than 350 Watson Ecosystem partners who are commercializing products and services, 100 of which are being used in market.

About Domus Semo Sancus (DSS)

Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide. DSS’ SafetyNet™ is a global state-of-the-art employee and customer onboarding utility Powered by IBM Watson, that helps companies understand the potential risks that an employee or customer represents.

DSS sponsored and co-hosted its first annual hackathon (CANTO C.O.D.E 1.0) for elite software programmers from across the Caribbean, which took place between the 27th to the 29th July 2015 in Miami, Florida.

For more information on Domus Semo Sancus (DSS), visit:  www.semosancus.com.

 

IBM Watson: Pioneering a New Era of Computing

Watson is the first open cognitive computing technology platform and represents a new era in computing where systems understand the world in the way that humans do: through senses, learning, and experience. Watson continuously learns, gaining in value and knowledge over time, from previous interactions. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.

 

To advance Watson, IBM has two dedicated business units: Watson, established for the development of cloud-delivered cognitive computing technologies that represent the commercialization of “artificial intelligence” or “AI” across a variety of industries, and Watson Health, dedicated to improving the ability of doctors, researchers and insurers and other related health organizations to surface new insights from data to and deliver personalized healthcare.

 

For more information on IBM Watson, visit: ibm.com/Watson and ibm.com/press/watson.

 

DSS launches global background check application SafetyNet

PROVIDENCIALES, Turks & Caicos Islands, 7th December 2015 – E. Jay Saunders, Founder & CEO of Domus Semo Sancus (DSS), is on a mission. In an unforgettable night at Jai’s Jewelry Store, located in the Regent Village, Grace Bay; E Jay stepped out in a cloud of smoke as new character, Bond, E Jay’s Bond; and disclosed his mission to bring the KYC (Know Your Client/Customer), AML (Anti-Money Laundering), and background checking world into the cognitive era. Event attendees watched as E. Jay revealed DSS’ new online application SafetyNet, which is poised to revolutionize the way background checking is done.

SafetyNet is a global background checking utility that is powered by IBM Watson.  Watson is a cognitive computing platform that is designed to understand, reason, and learn. Like a human, it can read and understand natural language, but at a rate of 800 million pages per second. SafetyNet utilizes Watson’s cognitive power to search high risk and persons in public life (politically exposed persons) databases along with big data from the internet at large to help companies tackle their onboarding risks. In addition, it also gives companies an in-depth view of their current clients. With features such as Personality Insights, SafetyNet not only helps companies manage risks, but it also help them improve their customer service, as companies can use the date to tailor their products and services to match a customer’s needs.

When it comes to background checking, SafetyNet powered by IBM Watson is helping businesses “outthink the limits of what’s possible.”

”SafetyNet breaks new ground in the background checking space.” stated E. Jay, who went on to say that “We are confident that it has the potential to revolutionize not just the KYC and AML space, but also background checking for the on-demand economy. Once customers try SafetyNet they’ll see that they’re not just doing due diligence, but enhanced due diligence. And to top it off, they can get a full report on an associate or entity-of-interest within minutes.”

Since 2013, financial institutions around the world have been fined over US$10 Billion dollars for KYC and AML lapses. With SafetyNet, DSS customers have a tool that can help them avoid adding to that figure.

SafetyNet is a business to business (B2B) application. To learn more visit www.safetynetkyc.com

About Domus Semo Sancus (DSS)

Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide. DSS’ SafetyNet™ is a global state-of-the-art employee and customer onboarding utility Powered by IBM Watson, that helps companies understand the potential risks that an employee or customer represents.

DSS sponsored and co-hosted its first annual hackathon (CANTO C.O.D.E 1.0) for elite software programmers from across the Caribbean, which took place between the 27th to the 29th July 2015 in Miami, Florida.

For more information on Domus Semo Sancus (DSS), visit:  www.semosancus.com.

 

IBM Watson: Pioneering a New Era of Computing

Watson is the first open cognitive computing technology platform and represents a new era in computing where systems understand the world in the way that humans do: through senses, learning, and experience. Watson continuously learns, gaining in value and knowledge over time, from previous interactions. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.

 

To advance Watson, IBM has two dedicated business units: Watson, established for the development of cloud-delivered cognitive computing technologies that represent the commercialization of “artificial intelligence” or “AI” across a variety of industries, and Watson Health, dedicated to improving the ability of doctors, researchers and insurers and other related health organizations to surface new insights from data to and deliver personalized healthcare.

 

For more information on IBM Watson, visit: ibm.com/Watson and ibm.com/press/watson.