WHAT MAKES JETSCAN UNIQUE
Adding AML/KYC functions to digital platforms used to be a very complex and disruptive process, involving months of painful integration, often ending up spending huge resources for a process that brings no value beyond protection. Our standard REST API is frictionless and transparent: you can access every feature from it, and start testing within hours.
JetScan is leveraging the elastic capacity of the cloud: wether you need to screen 100 relationships or 100 million, the service’s performance grows linearly and automatically to adapt, allowing you to provide a reliable service with a predictable pricing. You can safely adhere to your SLA, leave it to us to deliver the required throughput.
Each organisation has different ways to approach risk, and there can be many groups of customers to onboard and monitor, each requiring a different risk evaluation. JetScan stores all your risk scoring formulas, and applies the right score, instantly and transparently, for each individual relationship, during onboading or when performing periodic checks.
Instead of just matching on the name and produce false positives that have to be later reduced and reviewed, JetScan matches records and watchlists on every data point you provide, and provides real-time entity resolution. This not only increases efficiency but also considerably reduces the analyst’s workload.
Augmented by AI
Efficiency is key in watchlist screening: the system should only alert on hits that have to be investigated. Jetscan combines machine learning with rules and geolocation to reduce false positives to a level never achieved before. Fewer alerts means better quality, lower costs, and no interruption in the onboarding process, keeping compliance fast and transparent.
During the screening process, JetScan evaluates each record and simulates possible outcomes. Dashboards and reports demonstrate exactly how the result quality would improve with additional data points, or better data quality. This creates a quality feedback loop based on objective metrics and predictable outcomes, allowing you to build a business case.
JetScan retains every single change in watchlist, parameters or rules. This allows you to request at any time to restore an engine core with the exact context of any given day, even years later. Once the state is restored, data sets screened will produce results identical to ones of the selected day, providing definitive proof and reports to comply with regulators’ demands.
One of the biggest headaches of compliance officers is to explain and demonstrate to regulators that they do the things right. The EXPLAIN function produces a detailed report showing exactly how the JetScan engine analysed a specific record, what decisions it took along the way, and why it led to a potential match or not.