New York City, 2nd May 2018 – Domus Semo Sancus (DSS) today announced the introduction of Document Retention tools in SafetyNet.ai, its award-winning enhanced due diligence (EDD) cognitive search and crime prevention tool. Many organizations, especially financial services businesses (FSBs), are required by law to preserve documents relating to their clients, employee, and company information for a minimal amount of time. In addition, they are also required to “…retain personal data for no longer than is necessary for the purpose it was obtained for.” Together, these requirements put very strict timeframes on the lifecycle of documents – i.e from creation/collection to destruction – with hefty penalties for non-compliance.
To make it easy for end-users to comply with Document Retention and Data Protection regulations, SafetyNet.ai Profile Reports now support Document Destruction Dates, which can be set to any date in the future, at which time, the reports automatically get deleted. At anytime during the life cycle of a document, an end-user can bring forward or push out the Destruction Date, or if required, cancel it altogether. “With SafetyNet, our main goal is to help our customers manage risk, and I’m proud that this tool makes it easy for them to do so,” states Lead Developer, Piyush Dubey.
DSS’ Chairman & CEO, E. Jay Saunders further stated that “With SafetyNet’s Document Retention capabilities, an end-user can set the Destruction Date for documents based on the local regulatory requirements and take comfort in the knowledge that the documents will be retained for just that amount of time.”
In keeping with DSS’ goal of providing its customers with the best value for money, SafetyNet’s Document Retention tools are being made available across all its subscription plans free of charge.
New York City, 19th March 2018 – Domus Semo Sancus (DSS) today announced the release of its “Visualize Connections for ICIJ Databases” link analysis graphing tool. The International Consortium of Investigative Journalists (ICIJ) is a global network of investigative journalists and media organizations who focus “…on issues that do not stop at national frontiers: cross-border crime, corruption, and the accountability of power.” Their databases contain information on more than 785,000 entities that are part of the Panama Papers, the Offshore Leaks, the Bahamas Leaks, and the Paradise Papers investigations. The data covers nearly 80 years up to 2016 with links to people and companies in more than 200 countries and territories.
Visualize Connections for ICIJ Databases is a customized version of Visualize Connections, DSS’ cognitive link analysis tool that can graphically display relationships between entities found within structured and unstructured data. It can graph the data within the ICIJ Databases within seconds, and with “one click”, while not requiring the end-user to download the data or install the application. Visualize Connections for ICIJ Databases is fully integrated with SafetyNet.ai, DSS’ award-winning Enhanced Due Diligence (EDD) cognitive search tool. Through this integration, end-users can quickly and seamlessly cross-reference data from within the ICIJ databases with internal files or data found on the internet.
During a SafetyNet search, it scans global sanctions lists, Politically Exposed Persons (PEPs) lists, and Persons In Public Life (PIPs) lists; and utilizing Artificial Intelligence tools from IBM Watson, Amazon, Google, and Microsoft, along with custom proprietary code; it conducts multilingual scans across the Internet (surface web, deep web, and dark web). Some of the datasets that SafetyNet searches are: court cases, criminal registries, government records, curated news sources, image files, and more.
“Visualize Connections is a very powerful, but user-friendly graphing tool, that greatly increases our clients’ ability to manage risk, and I’m happy that it’s now being made available across most of our plans” states Piyush Dubey, Lead Developer of Visualize Connections. Commenting on the release, Chairman and CEO of DSS, E. Jay Saunders stated “As the information within the ICIJ databases are now in the public domain, some of our clients want to know if they contain anything that they should be aware of, or that could help them, or their clients better manage risk. With Visualize Connections, our clients can quickly and easily see the connections between the data within the ICIJ databases, and if needed, use SafetyNet to seamlessly and securely cross-reference that data with their own internal company data and/or data from across the internet.”
Visualize Connections for ICIJ Databases is available free of charge to all subscribers to SafetyNet’s EDD (or higher) plans.
A live demo of Visualize Connections for ICIJ Databases can be found at www.safetynet.ai or safetynet.ai/vc4icij_demo/.
For more information on SafetyNet.ai, visit: www.safetynet.ai.
For more information on Visualize Connections for ICIJ Databases, visit: safetynet.ai/vc4icij_demo/
#DSS #SafetyNet #Risk:Managed #KYC #AML #FinTech #RegTech #ICIJ #PanamaPapers # OffshoreLeaks # BahamasLeaks #ParadisePapers #AI #artificialIntelligence #MachineLearning
New York City, 24th January 2018 – Domus Semo Sancus (DSS), was today announced the winner of two 2017 ACQ5 Global Awards, with it winning the 2017 “International – Company of the Year (FinTech)” award and its Chairman & CEO, E. Jay Saunders picking up the “International – Game Changer of the Year” award.
The ACQ5 Global Awards, currently in its 12th year, honors “…the leading deal teams, firms, and professionals whose activities set the standard.” According to Jake Robson, Group Editor of The ACQ5, “Experts whose intimate knowledge and expertise in the corporate, cultural, financial and legal arenas are redefining our industry. The 2017 ACQ5 Global Award winners represent the best of breed in all industry sectors and have earned these honours by standing out in a group of very impressive finalists.” Nominees were voted for by over 83,000 industry professionals, who rated each nominee from 1 – 5 on criteria such as experience, value for money, and responsiveness. Only nominees who received an average 4-star rating or above were shortlisted for an award.
Commenting on DSS winning the awards, Saunders stated, “One of our goals for 2017 was to make our brands more well known. While we’re confident that we’re building best-in-class products, that means nothing if we’re not getting the word out. We’re proud and honored to have won these ACQ5 Global Awards, as it confirms to us that the DSS brand profile is increasing internationally and that industry professionals are starting to take notice of our products and services.”
To read the ACQ5’s Editorial on DSS, click here
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 #KYC #AML #FinTech #RegTech
New York City, 8th December 2017 – The Financial Conduct Authority (FCA), the conduct regulator for over 56,000 financial services firms and financial markets in the UK, recently hosted a gathering of financial regulators, financial institutions, and FinTech firms to discuss “FinTech Innovation in Anti-money Laundering & Digital ID”. The goal for FinTech Innovate, which took place in London from 5 – 6 December 2017, was to “encourage innovation in the interest of consumers”.
Domus Semo Sancus (DSS) was one of the FinTech firms that got an invitation to the gathering, and it was represented by its Chairman and CEO, E. Jay Saunders, and Head of Technical Development, Rohit Trivedi. During the two day gathering, attendees discussed how to promote innovation within current AML requirements, combining data protection with AML innovation, unlocking new technologies in AML compliance, transaction monitoring technology, AML and digital ID considerations in Open Banking, and the FCA’s Regulatory Sandbox.
Commenting on DSS’ attendance at the gathering, Saunders stated that “we would like to thank the FCA for inviting us to FCA Innovate. London is the FinTech capital of the world and it is one of two cities that we’re currently considering for our European headquarters, and so it made sense for us to attend.” He further expressed that “UK financial firms spend over US$5B per year on regulatory compliance, a market that our award-winning enhanced due diligence software SafetyNet.ai caters to, and it would be remiss of us not to seek to establish a foothold in this market, especially considering our close ties to the UK.”
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.
New York City, 29th November 2017 – Domus Semo Sancus’ (DSS) SafetyNet Safe City, the version of its award winning Enhanced Due Diligence Cognitive Search and Crime Prevention Tool SafetyNet, designed specifically to help law enforcement proactively address and prevent crimes, today got upgraded with a number of advanced new capabilities. The new features are primarily a result of recent upgrades being made to the underlying image recognition and analysis engines that powers SafetyNet Safe City’s Facial Search tool.
With the new enhancements, SafetyNet Safe City is able to:
- Detect and recognize text in images;
- Conduct real-time facial recognition within datasets of tens of millions of images;
- Detect and recognize up to 100 different persons simultaneously within a single image; and
- Locate, identify, and track persons within real-time video, even if their faces are not visible throughout the video or even if they go in and out of the field of view.
SafetyNet Safe City Facial Search tool gives law enforcement the ability to easily and quickly identify multiple persons-of-interest against a collection of millions of facial images from its ever growing high risk database in near real-time. In addition, law enforcement personnel utilizing SafetyNet Safe City can now have it automatically recognize text (such as street signs and license plates) from within images, including video images, and perform specific actions based on what the text says. SafetyNet Safe City’s upgraded Facial Search engine is over 500% faster with the power to support more than a 1,000% increase in the number of facial images that can be searched.
Rohit Trivedi, DSS’ Head of Technical Development, commenting on SafetyNet Safe City’s new capabilities stated that “the new features that we’ve made available today provides the law enforcement community with the latest and greatest in machine learning and visual analysis, thereby allowing them to minimize the time between the detection of a crime and the solving of it.” As SafetyNet Safe City is cloud-based, there is no action required on end-users’ part to access the new features, as all SafetyNet Safe City’s customers will be automatically upgraded for free. “We want to ensure that our law enforcement customers are able to focus on the things that matter – i.e. solving crimes and saving lives – and that’s why we’ve worked hard to make these enhancements available free of charge and without the requirement for an IT department to roll them out.” states E. Jay Saunders, Chairman and CEO of DSS.
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
For more information on SafetyNet Safe City, visit: www.safetynet.ai/digital-booklet
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.
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.
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.
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.
SafetyNet utility software has been nominated for an OCTA Innovation BIC Award. Mr. E. Jay Saunders is the founder of Domus Semo Sancus Ltd. (DSS) a FinTech company from TCI which recently launched SafetyNet a revolutionary Know Your Customer (KYC) and enhanced Customer Due Diligence (CDD) on-boarding utility.
SafetyNet gives end-users a quick and cost-effective way to conduct thorough background checks on associates and persons of interest at a global level. With a single search, it can sift through hundreds of millions of data points (e.g. court records, breaking news, social media sites etc.) culled from the internet at large in real time to expose: patterns, connections, and insights around persons and entities-of-interest at a global level, and at a depth and speed no human expert can ever achieve on their own. This software is being used in a number of Caribbean OCTs including Cayman Islands, Curaçao, Montserrat and of course Turks and Caicos Islands.