Xapien’s 2024 wrap: New customers, markets and features

2024 has been a year of change and uncertainty. Geopolitical instability, new governments, and the growing influence of AI technology in shaping regulatory guidance defined the landscape. In today’s changing world, understanding who you’re doing business with is more important than ever. This marked a pivotal year for Xapien. We began by raising Series A…

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Philanthropic due diligence in 2025: Challenges and opportunities

Formalising due diligence is becoming more prominent. While the UK advanced in this area around 2021, only a few US organisations had due diligence processes in place. By 2023, nonprofits in the US began to recognise the term, and by 2024, it became an established practice. Our co-authored 2024 International Due Diligence Survey with BWF…

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Risk-based third party due diligence: A guide for compliance teams

Every organisation depends on a network of third parties to operate. These third parties are the backbone of the supply chain and distribution network. However, managing a large, globally connected network involves significant risks.  These include third parties operating in countries with unstable political environments, weak regulatory systems, or high levels of corruption. Industry risks…

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How AI is redefining adequate compliance programmes

In today’s interconnected world, businesses heavily rely on third parties to drive operations, expand markets, and stay competitive. However, these partnerships carry significant risks. From bribery and corruption to ESG violations and geopolitical issues, the risks tied to third-party relationships are both diverse and complex. Compliance teams manage these risks through systems, processes, and tools…

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Why databases aren’t sufficient for AML risk assessments

While screening is a necessary first step in assessing client risk, it provides only a partial view. These static lists determine whether a client is sanctioned, a PEP, or appears on a watchlist. Screening systems rely heavily on structured databases, which tick a “yes” or “no” box. However, they fail to offer a wider perspective on the client’s overall risk profile. 

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The AML compliance challenge impacting law firm bottom lines

Many law firms have a centralised client onboarding process supported by standardised AML policies. In these systems, client-facing staff or partners collect essential client information. The compliance team then reviews it according to the firm’s AML risk appetite, policies, and applicable AML regulations. Compliance teams typically include junior analysts overseen by a few specialised lawyers…

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