E. Jay Saunders, Founder & CEO of Domus Semo Sancus, 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 individuals and persons in public life (politically exposed persons) in several 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 helps 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
