Discover JETSCAN

 
Regulatory pressure is stronger than ever on digital platforms requiring strict KYC/AML policies. Discover how Neterium handles the essential task of regulatory screening to streamline customer onboarding and monitoring.

"APIs are fuel powering the customer-driven platform revolution"
forbes

Screening in the age of Platforms

 

To understand the genesis of the Jetscan solution, it is important to realize how strongly Know-Your-Customer (KYC) and Anti-Money laundering (AML) compliance have become interwoven into every customer-related transaction. This interlinking expanded gradually from regulated entities to any digital business: as the global economy moved online, so did the onboarding processes, and the associated risks and regulatory obligations.

New actors, dubbed "regtechs", now offer regulatory services to Fintechs and other platforms. With the advent of the API economy, digital platforms rely on many different service providers, each offering a very specific expertise, exposed through a standardized interface.

Jetscan is based on a next-generation screening engine, designed from the start to operate in this API economy, providing a fast, scalable and effective service to digital platforms, and allowing regtechs to provide an end-to-end KYC onboarding and monitoring service.

Customers of digital platforms understand the importance of a rigorous onboarding process, but they want this experience to be frictionless, and expect to be accepted and able to transact within minutes. This requires the underlying screening process to be not only performant but also very efficient, with an extremely low false positive (false detection) rate, as every detection has to be manually reviewed and breaks the promise of instant onboarding.

The Jetscan engine includes unique false positives reduction strategies: machine-learning classifiers, dynamic risk scoring, and geolocation are just a few examples of techniques it is capable of applying in-flight to deliver unparalleled levels of performance and efficiency.