That is poised to change the way the world does business & restore trust in global transactions.
By delivering solutions that meet compliance and regulatory requirements, specifically in the area of fraud detection and prevention.
In 2015, we were commissioned to review regulatory compliance software solutions in the market for a large global FX company. In the course of this project, we discovered that there were critical gaps between what was needed and what was available in the market.
As a result, we were one of the first companies in the world to propose and deliver a real-time transaction monitoring solution to identify malfeasance and fraud. We have since stayed ahead through the introduction, implementation and innovation of leading edge technology.
Our platform utilises Artificial Intelligence, Machine Learning, Neural Networks and Blockchain technologies in addition to the more traditional filtering and analysis tools. Today this architecture is in use within a number of large global organisations monitoring circa 15% of the world’s daily FX transactions.
We realised that between the blockchain based ‘front end’ consumer app Dokstor and the ‘back end’ high speed data analytics platform Robolitics, we had created a naturally tokenizable ecosystem.
We have decided to address a big and important global problem: tackling digital identity fraud and restoring trust in the system. Identity fraud costs people across the “G7 Countries” about $100 BILLION a year and perhaps three times this amount globally. It’s also a problem that affects tens of millions, perhaps over a hundred million, people every year - a large proportion of which are the under 30’s.
It’s a big challenge, but one that Heliocor has the experience, the products and team to solve. It is a problem that can only be addressed by leveraging the Blockchain and a utility token issued via an ICO. This will allow us to create a secure ecosystem to protect our identities and our finances in an increasingly digital world; a world where tens of billions of dollars of transactions occur daily; keeping us secure instead of hundreds of billions of dollars being stolen by criminals.
Owen Hall | CEO