Posts by Jasmine Brant
Nonprofit benchmarks for due diligence in 2024
Fundraising is becoming more complex, and nonprofits must scrutinise gifts to avoid entering problematic donor relationships. While prospect development teams have always handled due diligence, they lacked nonprofit benchmarks to measure their progress. To address this gap, we partnered with BWF and Pyro.Solutions to survey 236 prospect development and fundraising teams spread across the UK,…
Read MoreReshma Raja on 5 guardrails to adopt AI safely
AI is on the radar for many law firms this year. In fact, over 60% of large firms are actively exploring its potential. However, there’s still hesitation around how to use the technology safely while adhering to the SRA code of conduct. After all, law firms have a responsibility to protect their clients’ data and…
Read MoreTop 5 nonprofit due diligence tools in 2024
Done manually, donor due diligence consumes valuable time for prospect development teams — time that could be better spent elsewhere. Luckily, there are due diligence tools designed for nonprofits to handle the heavy lifting. These tools can automate the most time-intensive parts, such as screening business records, corporate registries, and datasets like sanction and PEP…
Read MoreUncovering hidden red flags in your due diligence reports
Whether you’re a fee earner or head of compliance, recognising financial crime red flags is crucial. Criminals naturally want to reveal as little as possible about themselves—whether that’s their true identity or false aliases—and hide their tracks. The only way to get the full picture is by conducting deep due diligence on them. But compliance…
Read MoreCamilla Fitzgerald: How ClientEarth launched corporate fundraising with Xapien
ClientEarth is a global charity that litigates against organizations harming the environment. Its Philanthropy Manager, Camilla Fitzgerald, received approval for a corporate fundraising strategy and needed to establish a due diligence framework. Their biggest reputational risk is partnering with a company whose actions don’t align with their mission. With a small team to manage that…
Read MoreDon’t have a gift acceptance process? Xapien can help
No two organizations have the same criteria for accepting a philanthropic gift. Some follow a detailed process, applying varying levels of due diligence based on the donation’s value and different approval routes based on risk.
Read MoreWhy search engines aren’t reliable risk assessment tools
Search engines might seem like the obvious tool for customer due diligence. But the reality of using them is more complex than that.
Read MoreWhere Xapien fits into your gift acceptance process
Nonprofits face a broad and complex set of decisions when deciding whether to accept a donation.
Read MoreBest practices for automating third-party due diligence
Firms are increasingly responsible for the actions of their third parties. In the past, firms screened all their third parties and reserved enhanced due diligence for a smaller, higher-risk subset. However, globalised supply chains and regulatory pressure on managing third-party risk means firms need to decrease that threshold to scrutinise all third parties more closely.…
Read MoreOur CTO on how Xapien is different from ChatGPT
Shaun O’Mahony, Xapien’s Chief Technology Officer, explains why Xapien is designed for due diligence.
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