Acuant helps Domus Semo Sancus comply with KYC regulations
Domus Semo Sancus (DSS) has selected Acuant’s AssureID for identity verification. DSS is a fintech company building tools to encourage financial inclusion and bridge the e-commerce divide.
AssureID powers the company’s flagship product, SafetyNet, to authenticate driver’s licenses, passports and other government issued IDs. SafetyNet uses artificial intelligence to perform due diligence checks across tens of thousands of online data sources, pulling together real-time Know Your Customer (KYC) profiles from digital documentation. AssureID is embedded within SafetyNet to help improve the KYC and customer onboarding processes.
“Living in the Caribbean, I am acutely aware of the challenges that many individuals face with sending money to their families living abroad,” explained E. Jay Saunders, chairman and CEO of Domus Semo Sancus. “We needed an identity verification provider that could quickly and effectively verify global IDs. The sophistication and ease of use of Acuant’s AssureID blew away the competition.”
“Acuant is constantly updating and expanding its library to reach over 200 countries and territories worldwide,” added Yossi Zekri, president and CEO of Acuant. “We’re proud to help serve the unbanked population through identity verification.”
Last month Audax Private Equity acquired a controlling interest in Acuant from Insight Venture Partners, Lightview Capital and Egis Capital Partners.