International Business Awards Supplement 2018

CORPORATE VISION / International Business Awards 2018 7 CORPORATE VISION / Issue 12 2018 53 , Oct18342 Domus Semo Sancus Ltd, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide. Recently, we caught up with Chairman and CEO, E. Jay Saunders who revealedmore about how they achieve their overall goal of making lives better. Encouraging Financial Inclusion and Bridging the e-Commerce Divide Established in 2014, Domus Semo Sancus is a FinTech company that de- velops tools to help: a) financial organisations meet their Know Your Client (KYC) and Anti-Money Laundering (AML) regulatory requirements, b) the 1.7 billion global un- banked and under-banked adults achieve financial inclusion, and c) governments provide safe neighbourhoods for their citizens. The firm’s goal is to “Make Lives Better.” E. Jay begins by going into further detail about the areas in which Domus Semo Sancus Ltd specialises in. “Here at Domus Semo San- cus Ltd, our primary products/ services are SafetyNet, and Wowlet. SafetyNet is available in SafetyNet Lite, SafetyNet EDD (Enhanced Due Diligence), and SafetyNet Safe City. SafetyNet Lite and SafetyNet EDD helps organisations conduct enhanced due diligence screening on their customers, allowing them to get a good understanding of the potential risk that each customer represents. SafetyNet Safe City (designed specifically for law enforcement), with built-in linked analysis and object recognition capabilities, helps law enforce- ment detect and solve crimes within hours rather than days. “Wowlet, is our pre-paid digital wallet, designed to be more affordable and convenient, with a lower cost and risk than cash-based transactions, while meeting the regulatory requirements of the Financial Action Task Force (FATF) – the inter-governmental body that sets the standards to combat threats to the integrity of the international financial system. “With SafetyNet and Wowlet, we’re focusing on increasing financial inclusion and bridging the e-commerce. We’re using our knowledge of Artificial Intelligence and Big Data to help bank the unbanked, as well as to help gov- ernments keep their citizens safe.” The world of FinTech and RegTech is highly regulated, and all Domus Semo Sancus Ltd products and services are de- signed first and foremost around meeting the global financial regulations, particularly the rec- ommendations of the Financial Action Task Force (FATF) - the inter-governmental body that sets the standards around combating money laundering and terrorist financing, as E. Jay explains. “Once we get the regulations right, then we go to work on getting the user experience right. In other industries, the user experience is usually what drives good product design, but in our industry, if you get the regula- tions wrong, you and your clients can get fined. “Our products and services are always priced to provide the best value for money and we’re gener- ous with our terms and conditions. So, when a customer comes to us, they know that they’re getting a very powerful application, with one of the largest datasets, and all for a great price.” When discussing the internal culture at Domus Semo Sancus Ltd, E. Jay is keen to highlight the role staff play in the success of the firm. “At Domus Semo Sancus Ltd, our staff contributes significantly to our success. They are here because they are motivated by the possibil- ity of ‘making lives better’, and that shines through in the work that they produce. Our customers are happy because how hard our staff work on their behalf.” Looking ahead to what the future holds for the firm, E. Jay signs off by revealing the exciting plans which lie in the pipeline for CV’s Fintech Company of the Year – 2018. “2018 has been a great year for sales and we expect the trend to continue in 2019. To support the sales growth, we’re going to scale up both in terms of staff and sales offices. By the end of next year, we would have doubled the staff and opened at least two new offices. In addition to this, we are also currently evaluating some acquisitions and investment opportunities, which I’m excited about. 2019 will be a pivotal year for us, because we will be rolling out our first consumer product, Wowlet. “Lastly, ‘trust and honesty’ form the foundations of everything that we do, and that’s what our name Semo Sancus stands for. Saying those words every time we say our name is our commitment to upholding those values. Contact: E. Jay Saunders Company: Domus Semo Sancus Ltd Website: www.semosancus.com