Is your firm struggling with a backlog of CDD checks, limiting business growth?
When compliance professionals are so focused on the process, they lose sight of the risks.
Whether it's false positives holding up checks or manual research taking hours to complete, teams spend too much time on low-risk clients when the focus should be on high-risk.
2,000,000 results, but no insight.
It can take hours, if not days, to uncover genuine insight about a client from a web search. It then takes just as much time to write up those findings into something digestible. This leaves little to no time for the decision-making taken off the back of the research.
20 questions to help you choose the right compliance tool
Onboarding new clients is where compliance teams put their knowledge into action. It's where prevention against anti-money laundering (AML) and counter-terrorist financing (CTF) meet the real-world needs of the firm. It’s complex and time-consuming work. And to get through it, compliance teams need tools tailored to their specific requirements. This guide will help you assess the different providers and ask questions that truly matter when choosing a solution.
How legal teams use Xapien
Automate due diligence
A law firm faced a backlog of due diligence checks affecting business intake. The manual process took AML team members days to complete. Introducing Xapien as the initial step in AML checks reduced the review process to a few hours.
Assess suppliers in minutes
A law firm protects its reputation through thorough due diligence on suppliers and vendors. But detailed searching and analysis is time-consuming. Xapien enabled the firm to comprehensively review existing suppliers and assess new ones in minutes.
Support litigation research
A law firm strategically uses Xapien in legal proceedings to scrutinise other parties, including key witnesses and third-party participants. The reports provide important insights into potential risks, exposures, and affiliations.
KaurMaxwell
Dow Jones
Pinsent Masons
YFM Equity Partners
Griffin
Zurich
KaurMaxwell needed a tool capable of conducting thorough web searches to strengthen their KYC checks. While its lawyers already conducted PEPs and sanction checks, these sources are limited in scope and didn’t protect the firm from wider reputational and regulatory risks. But they have a small team and couldn’t afford the time commitment for a more comprehensive search. They need to build the business.
Xapien bridges the gap. In minutes, it surfaces information that would have taken days or weeks to sift through. This gives its lawyers a fully sourced and summarised due diligence report giving an upfront view of a client’s background and risk profile. This enables confident, fast decision-making on all onboarding decisions.
Customer Stories
KaurMaxwell
Dow Jones’s Risk & Compliance team recognised a growing need for deep and broad due diligence on an increasing number of counterparties. But clients also needed their programs to be cost-effective while delivering results fast. Dow Jones wanted to transform the due diligence process for its clients.
By partnering with Xapien, they reduced the time needed to run a background check from days to minutes. The combination of Xapien’s groundbreaking AI and Dow Jones’s world-leading data set is reshaping risk management workflows, creating an additional layer of investigation that can be deployed at scale.
Together we are pioneering the future of risk mitigation, harnessing GenAI and other emerging technologies responsibly to facilitate smarter, faster decision-making.
Customer Stories
Dow Jones Risk & Compliance
In any litigation, counterparty research can uncover case-winning nuggets of information. However, conducting deep counterparty research for every case was a luxury KaurMaxwell couldn’t afford. Failing to thoroughly profile opponents and all the different stakeholders involved meant they risked not finding those nuggets.
KaurMaxwell’s lawyers now use Xapien to profile opponents and third parties in minutes. Xapien’s AI triangulates between compliance datasets, corporate records and open source media to uncover business and personal associations that could be fundamental to the case. This has saved them countless hours of connecting all the dots.
Customer stories
KaurMaxwell
Xapien in 30 seconds
Our packages
Single-team
You're a small organisation struggling to keep up with research volumes. How can you scale your research capabilities to meet growing demands without compromising on quality?
Multi-team
You're an established business with a combination of tools and manual processes. You know you could be more efficient, so what could fully automated research unlock for you?
Enterprise
You're a large enterprise with growing regulatory compliance and reputational risks. You need an enterprise solution that can keep up.
I'm a single user — can you help?
Xapien streamlines due diligence
Xapien's AI-powered research and due diligence tool goes faster than manual research and beyond traditional database checks. Fill in the form to the right to book in a 30 minute live demonstration.