PRECISION WITHOUT COMPLEXITY

Jetscan, a highly efficient counterparty screening API

NETERIUM JETSCAN

Counterparty screening (also referred as “name screening”) is mostly used to inform the Know Your Customer (KYC) process by identifying high-risk relationships during onboarding screening (the screening result is an important part of the customer original risk score).
Relationships are also subject to regular screening to verify their risk level did not change. Counterparties that are screened can be either individuals (natural persons) or legal entities (companies, associations and groups).

Thanks to Jetscan, any platform or application can easily add this mission-critical screening capability as an added-value feature, simply by interacting with the standard REST Jetscan API. The solution has been designed to be integrated, so all its functions and features (screening, configuration, analytics…) are accessible through the API. The implementation process is straightforward, and with all the resources we provide, it can be as fast as a few days.

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WHAT MAKES JETSCAN UNIQUE?

INFINITELY SCALABLE

Our APIs are leveraging the elastic capacity of the cloud: whether you need to screen 100 relationships or 10 million transactions, the service’s performance grows linearly and automatically to adapt, allowing you to provide a reliable service. You can safely adhere to your SLA, leave it to us to deliver the required throughput.

HOLISTIC MATCHING

Instead of just matching on the name and produce false positives that have to be later reduced and reviewed, the Neterium engine matches records and watchlists on every data point you supply, and provides real-time entity resolution. This greatly increases efficiency and reduces the analyst’s workload by returning only meaningful alerts to investigate.

PRIORITY SCORING

In addition to the matching score, the Neterium APIs compute additional priority scores for each hit, based on analytics gathered from reference data and statistics. These priority scores allow applications and platforms to present hits sorted by relevance and highlight which alerts should be processed first.

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FOCUS ON YOUR BUSINESS NOT ON SCREENING

KYC & AML SOLUTIONS

AML and KYC solutions have the goal to create a single view of the customer. As part of this view, customers must be assessed to determine their risk level for the organization. The key element to achieve this is to screen the customer against sanctions and regulatory watchlists to make sure the organization can accept or keep the customer, and how they will be monitored during the relationship. Screening is thus a key function, and delegating it to our highly efficient service ensures it is done in time and with a low level of alerts, resulting in an optimal usage of resources, improved SLAs and lowered costs.

ONBOARDING SOLUTIONS

Onboarding solutions, often based upon a mobile app, are built on the promise to deliver nearly instant onboarding for internet platforms, cryptocurrency exchanges, ICOs… allowing the customer to be accepted and start transacting with a platform within minutes. Platform using these solutions give an extreme importance to the SLA they provide to their customers: the onboarding experience can be broken by low quality screening producing false alerts (legally having to be manually investigated). It is therefore key for these solutions to rely on a partner delivering fast and effective screening.

DIGITAL PLATFORMS

Platforms often prefer to remain in control of the end-to-end customer experience, and therefore want to integrate a screening function directly into their processes. Jetscan provides them with a standard and simple API, allowing to transparently and efficiently manage screening, risk scoring, adapt configuration, and connect their workflow with our APIs to implement integrated alert review procedures. The Jetscan APIs also allow them to access the advanced history and analytics features to provide platform management teams with customized reports and dashboards.