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