Neterium
About Neterium
The startup offers a cloud-based digital screening platform that utilizes machine learning classifiers, dynamic risk scoring, and geolocation techniques to enhance financial crime prevention. By significantly reducing false positives, the platform streamlines know-your-customer and anti-money laundering processes, ensuring safer customer onboarding for financial institutions.
```xml <problem> Financial institutions and digital platforms face increasing challenges in meeting regulatory compliance for Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, especially with the rise of digital transactions. Traditional screening methods often result in high false positive rates, leading to inefficiencies and increased operational costs. The need for frictionless customer onboarding and continuous monitoring requires advanced solutions that can deliver both speed and accuracy. </problem> <solution> Neterium provides a suite of watchlist screening APIs designed to enhance financial crime prevention for digital platforms and financial institutions. The platform offers two primary solutions: JetScan for counterparty screening and JetFlow for transaction screening, both accessible through standardized REST APIs. Neterium's solutions leverage machine learning classifiers, holistic matching, dynamic priority scoring, and geolocation matching to minimize false positives and improve detection accuracy. The APIs are designed to integrate quickly with existing systems, offering scalability to handle large transaction volumes while maintaining low latency. </solution> <features> - **JetScan API:** Facilitates KYC processes by verifying counterparties for real-time customer onboarding and ongoing monitoring. - **JetFlow API:** Processes financial transactions in real-time, ensuring compliance with sanctions and regulatory watchlists. - **REST API Integration:** Standardized REST APIs enable quick integration with existing onboarding, verification, and operational systems. - **Scalability:** Cloud-based infrastructure automatically scales to handle peak demands without impacting performance or SLAs. - **Holistic Matching:** Matches records and watchlists on multiple data points, providing real-time entity resolution and reducing false positives. - **Explainability:** Provides detailed reports explaining how the screening engine analyzed specific records, supporting regulatory review and clarifying past decisions. - **Priority Scoring:** Computes priority scores for each hit based on analytics gathered from reference data and statistics, allowing for prioritized alert processing. - **Zero Footprint:** Does not store Personally Identifiable Information (PII) provided for screening, ensuring data privacy and compliance with regulations like GDPR. </features> <target_audience> Neterium targets financial institutions, digital platforms, KYC/AML solution providers, and application vendors seeking to enhance their financial crime prevention capabilities with efficient and scalable screening solutions. </target_audience> <revenue_model> Neterium generates revenue through Software as a Service (SaaS) offerings, providing access to its APIs via subscription-based pricing models. </revenue_model> ```
What does Neterium do?
The startup offers a cloud-based digital screening platform that utilizes machine learning classifiers, dynamic risk scoring, and geolocation techniques to enhance financial crime prevention. By significantly reducing false positives, the platform streamlines know-your-customer and anti-money laundering processes, ensuring safer customer onboarding for financial institutions.
Where is Neterium located?
Neterium is based in Ottignies-Louvain-la-Neuve, België / Belgique / Belgien.
When was Neterium founded?
Neterium was founded in 2017.
How much funding has Neterium raised?
Neterium has raised 2630000.
- Location
- Ottignies-Louvain-la-Neuve, België / Belgique / Belgien
- Founded
- 2017
- Funding
- 2630000
- Employees
- 22 employees