Xapien recognised in Chartis KYC Solutions 2024 report

Chartis Research has recognised us as a Category Leader in its KYC Data and Solutions 2024 report and as “One to Watch” in its RiskTech100 2025. The recognition from Chartis highlights our product’s recent growth phase, which includes advanced legal entity searches and beneficial ownership structure identification, strengthening our foothold in the KYC and AML compliance market for law firms and financial services. The acclaim builds on our Financial Crime Investigation Support award and Financial Crime and Compliance 50 2024 ranking, further emphasising our commitment to driving meaningful change in the industry.

Xapien ranks Category Leader on RiskTech Quadrant®

The Chartis RiskTech Quadrant® and KYC Solutions 2024 report is an essential resource for risk and compliance teams looking to make informed decisions about KYC technology. Produced by a team of risk management and financial services experts, the report takes a multidimensional view by ranking Xapien based on product functionality, proprietary technology, sustainable growth, sector coverage, global reach, and partnership strategies.

Notably, the RiskTech Quadrant® scored Xapien based on the depth and breadth of our search capabilities, which balance complexity with user-friendliness. Xapien’s ranking also reflects new product features, including Xapien Timelines—a chronological timeline of news events—customisable risk summaries, and our market-leading capabilities in identifying beneficial ownership structures and corporate hierarchies. Recently introduced are legal entity searches, which generate context-rich reports on specific legal entities and broader brands, enabling regulatory compliance and reputational checks to be conducted in one place.

Enabling a risk-based approach to AML compliance

We’re strengthening our position as a KYC and AML technology vendor through our co-development partnership with Pinsent Masons, signed in early 2024. The partnership, focused on introducing the legal market’s first automated client onboarding tool for AML compliance and KYC due diligence, was recognised by Chartis analysts who rated Xapien’s reporting, data enrichment and risk assessment capabilities as advanced. Guided by its General Counsel and Global Regulatory Compliance team, it will reduce average onboarding times from weeks to hours and lower risk exposure by better deploying resources to higher-risk cases.

“Xapien’s category leader position in Chartis’ KYC Solutions quadrant reflects its expanded connection to onboarding for legal and financial services, and its evolving UBO and corporate hierarchy capabilities. Other factors contributing to its success include improved risk scoring capabilities, the integration of AI into its reporting, increased growth and an expanded client base.” — Ahmad Kataf, Senior Research Specialist at Chartis.

Applying a Risk-Based Approach: The traditional Know Your Customer (KYC) process has often been a misnomer for institutions. While compliance teams screen clients against AML databases to meet regulatory requirements, this offers little insight into the client’s background. There are billions of individuals globally, yet only a few thousand appear in these databases. The absence of a client from these lists today doesn’t mean they’re not risky. Relying solely on AML screening data to take a risk-based approach is a significant risk in itself.

There’s a wealth of publicly available information that can quickly alter a client’s risk profile. This is what makes Xapien a leading KYC technology solution. Xapien scans trillions of web pages—the entire indexed internet in real time—to disambiguate and analyse vast amounts of complex, unstructured data about the subject in 10 to 15 minutes. It enables risk and compliance teams to truly know their customer and gain a contextual and nuanced understanding of their history, reputation, past involvements, and broader networks.

Reporting and dashboarding: The search, disambiguation, and risk analysis that Xapien performs in minutes would take AML analysts hours, or even days, to complete. However, this information-gathering stage is only the beginning. Analysts would then need to summarise their findings into a due diligence report to share with the wider compliance function. This requires digesting a vast amount of online information and transforming it into a clear, concise narrative that others can easily interpret.

Chartis commended Xapien’s generative AI for summarising its findings into a ready-to-use due diligence report. These summaries are organised by risk, including financial crime, ownership and corporate structure, sanctions exposure, accusations, legal disputes, high-risk locations, business associates, source of wealth, and high-value assets. Moreover, these risk summaries are customisable so teams can tailor the report to each subject.

Award-winning anti-financial crime and compliance technology

In addition to the Chartis RiskTech Quadrant® 2024, Xapien has been named “One to Watch” in the Chartis RiskTech100 2025. This recognition puts us among the world’s 100 best risk technology providers. It’s a testament to our generative AI technology combined with our proprietary entity resolution engine, resulting in a uniquely “business-ready” AI tool that can be used across AML compliance and third-party due diligence use cases.