Due diligence at a scale human compliance officers alone can’t match
Compliance officers use SafetyNet to run enhanced due diligence on tens of thousands of subjects-of-interest within minutes — work that would otherwise take a human compliance teams days.
If a subject is onboarded, SafetyNet monitors it continously. SafetyNet monitors billions of subjects in real time and autonomously alerts human compliance officers with key insights whenever relevant information is found, eliminating the need for human compliance officers to have to remember to manually recheck subjects to re-check.
SafetyNet processes documents at a rate measured in hundreds of millions per second, applying the same reasoning an expert human compliance team would to each one.
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When it comes to enhanced due diligence checks on subjects-of-interest, the quality, speed, and depth of SafetyNet’s checks exceeds that of human compliance experts.
Who uses it
Financial regulators in more than twelve countries use SafetyNet daily, alongside banks and credit unions, legal and accounting firms, corporate and financial services providers, investment promotion agencies, real estate firms, travel agents and software developers.
Domus Semo Sancus, the RegTech company behind SafetyNet, posts sector news and coverage updates as they happen.
Domus Semo Sancus (DSS) builds Risk Avoidance tools to help our customers minimize risk.
Ours KYC/AML platform SafetyNet, is used by organisations across the globe to meet stringent regulatory requirements.
Company
Domus Semo Sancus (DSS)
Sector
RegTech — KYC & AML
REGISTERED in
Turks & Caicos Islands
Deployment
Cloud, hybrid & on-premise
FOUNDED
2014
DATA
Encrypted, access-controlled
AI-FIRST SINCE 2014
SafetyNet In 2014, compliance teams facing more names than hours hired more people. We wrote software instead. SafetyNet was built on a premise that sounded contrarian then and obvious now: reading millions of records for relevance is a machine problem, and judgment is a human one.
By 2017 that approach was nominated in four categories at the A-Team RegTech Awards — among them most innovative use of AI in a regulatory compliance solution. Domus Semo Sancus was the only Caribbean company on that shortlist, alongside Accenture, Bloomberg, Deloitte, IBM, KPMG, LexisNexis, Oracle, PwC and Thomson Reuters. SafetyNet was demonstrated at the RegTech Summit for Capital Markets in New York that November, and showcased at Money20/20 in Las Vegas the same year.
The technology has been rebuilt since — the platform runs on proprietary AI algorithms today — but the division of labour hasn’t moved. The machine finds; the analyst decides.
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