#USA #Easton #AI Screening #Ferretly International #Geospatial Footprint

Ferretly International Launches Geospatial Footprint

In a significant update, Ferretly International has enhanced its AI-powered social media screening platform, introducing a new feature known as Geospatial Footprint. This innovative capability allows organizations to track online activity in relation to various sanctions and high-risk regions, marking a pivotal evolution in compliance and investigative measures.

What Is Geospatial Footprint?

The Geospatial Footprint feature analyzes public social media posts, including text, images, and videos, to pinpoint the locations associated with an individual's online activities. This data is then visually represented on an interactive map, providing a clear view of where a subject's actions place them concerning risk-laden jurisdictions.

By integrating this capability, Ferretly expands its functionality beyond just pre-employment screening, venturing into the realm of open-source intelligence (OSINT). The platform brings essential tools for anti-money laundering (AML) and know-your-customer (KYC) initiatives, enhancing efforts in fraud investigations, insider-risk evaluations, and third-party due diligence.

Functional Highlights

The Geospatial Footprint analyzes events from social media posts, categorizing them based on geographic data strength. Users can view these events on a timeline, giving them a comprehensive understanding of a subject's movements over time. The platform includes a Jurisdiction Nexus layer that classifies locations into three categories based on the U.S. Office of Foreign Assets Control (OFAC) sanctions, conflict-affected areas, and jurisdictions identified by the Financial Action Task Force (FATF) with weaknesses in AML controls.

Interestingly, it's possible for an individual or entity to pass all standard sanctions checks yet still demonstrate patterns that may suggest links to sanctioned locales through their public posts. Geospatial Footprint brings such patterns to the forefront, assisting investigators in making informed conclusions.

Additional Features

Additionally, Ferretly has introduced new searches for U.S. criminal history, sex offender registry, and teacher sanction listings. This expanded suite is available as part of their Global Sanctions add-on, screening reports against over 1,000 global sources from sanctions, regulatory lists, and media outlets. With these new capabilities, customers are equipped to ensure comprehensive screening processes and verify the backgrounds of individuals across multiple dimensions.

The Momentum Behind the Update

The launch of the redesigned platform comes at a time when Ferretly is experiencing record growth. In the past year, the company reported a remarkable 65% increase in monthly recurring revenue, with nearly a 120% retention rate. The most recent quarter saw a notable rise in customer acquisition and a 71% increase in demand compared to the previous period. CEO Darrin Lipscomb noted the urgency of their clients' needs, highlighting how the enhancements facilitate quicker and broader screening across various regions.

Availability

This upgraded platform is now accessible to all Ferretly customers, with Geospatial Footprint and Global Sanctions included in Enterprise plans. The feature is also available for other customers as an optional add-on. For those interested in learning more or scheduling a demonstration, detailed information can be found on their official website, ferretly.com.

About Ferretly International

Ferretly International has made its mark as a leader in AI-driven social media screening, helping organizations access publicly available online information to evaluate potential candidates or partners. By prioritizing relevant online conduct, they enable employers and various organizations to make informed decisions based on comprehensive screening results.

As risk management becomes increasingly pertinent in today’s digital landscape, tools like Ferretly’s Geospatial Footprint are sure to become essential in safeguarding organizations against potential threats, all while adhering to regulations and best practices.