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Domus Semo Sancus (DSS) a TCI FinTech company nominated for International Technology Awards

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#TurksandCaicos, October 2, 2017 – Providenciales – Domus Semo Sancus (DSS), a Turks & Caicos Islands financial technology startup created by E. Jay Saunders, has been nominated for 4 A-Team 2017 RegTech (Regulatory Technology) awards for its Enhanced Due Diligence Cognitive Search and Crime Prevention Tool SafetyNet.ai (www.safetynet.ai). The categories in which DSS were nominated are:

  • Most innovative use of KYC software for client on-boarding
  • Most innovative use of AI in regulatory compliance solution
  • Most innovative cloud-based regulatory solution
  • Most Innovative compliance as a service solution

The RegTech Awards have been designed to acknowledge those companies who are creatively finding solutions to help with regulatory challenges. DSS is the only company from the Caribbean that was nominated, and one of only a few companies with multiple nominations.   The awards ceremony will take place in New York City on the 16th November 2017 during the RegTech Summit for Capital Markets.   Headline speakers for the event include Thomas Dunlap, Managing Director, Goldman Sachs and Julia Bardmesser, Global Head of Data Integration, Deutsche Bank.

1407420Jay Saunders, Chairman and CEO, DSS will demo SafetNet.ai at the summit during the RegTech Showcase event and he will also form part of the panel discussing the topic “Applying innovative technologies to manage risk and improve onboarding, KYC and AML”.

Other nominees for the 2017 RegTech Awards include industry veterans Accenture, BearingPoint, Bloomberg, Deloitte, IBM, KPMG, LexisNeixs, Oracle, PWC, and Thomson Reuters.   “The industry that our clients operate in is ever changing and the risks for them are high.” stated E. Jay.   “Our clients put a lot of faith and trust in us, and that’s why we spend a lot of time and effort to ensure that SafetyNet can help them mitigate risk at a local and global level.   To  have SafetyNet recognized by the A-Team is a great honor.” he further commented.

To vote in the 2017 RegTech Awards go to http://datamanagementreview.com/awards.

Voting closes 4th October 2017.

About Domus Semo Sancus (DSS)

Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide.

SafetyNet.ai is DSS’ award winning enhanced due diligence (EDD) cognitive search and crime prevention tool. It helps companies comply with K.Y.C and A.M.L. rules and regulations by harnessing the combined artificial intelligence power of IBM Watson, Amazon, Google, and Microsoft.

For more information on Domus Semo Sancus, visit: www.semosancus.com.

For more information on safetyNet, visit: www.safetynetkyc.com.

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ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

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TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response

PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.

Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.

That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.

Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.

He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.

Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.

Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.

Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.

Saunders did not disclose the programme’s total cost.

His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?

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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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Health

47,459 MEASLES CASES, 44 DEATHS ACROSS AMERICAS  

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WASHINGTON, D.C. — The Americas has recorded 47,459 confirmed measles cases and 44 deaths in 2026, the region’s highest case count in 22 years, prompting the Pan American Health Organization (PAHO) to urge stronger vaccination, surveillance and rapid outbreak response.

As of July 18, cases were already more than triple the 15,011 recorded during all of 2025. Guatemala, Mexico, the United States and Peru account for 95% of confirmed cases. Guatemala leads with 30,371 cases and 26 deaths, followed by Mexico with 12,255 cases and 17 deaths.

PAHO classifies the regional public health risk as very high, citing active outbreaks, immunity gaps, international travel and populations with inadequate vaccination coverage.

The organization says prevention starts with vaccination. Countries are being urged to achieve and maintain at least 95% coverage with two doses of measles-containing vaccine, particularly protecting children and under-vaccinated communities.

Measles spreads through the air when an infected person breathes, coughs or sneezes. Symptoms can include fever, cough, runny nose, red eyes and a rash.

PAHO is urging health authorities to detect suspected cases early and respond rapidly to stop transmission. Unvaccinated and under-vaccinated people, young children and communities with limited healthcare access face increased risk of severe illness and death.

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