Posts Tagged ‘Legal’
Best customer due diligence tools for qualitative information
Compliance data sets alone aren’t enough to fully understand a client’s background. AML teams need tools that give insight into why a client is on a PEP, sanction list, or watchlist.
Read MoreThe impact of AI on law firm revenue growth
Have an ambitious law firm revenue growth target? Here’s why you need access to the right data using sophisticated AI technology.
Read MoreFriction in your client intake process? AI can help
Client intake is a multifaceted process that involves compliance teams working across various tools and systems. It typically takes 30 to 90 days to onboard a new client, largely due to the manual effort involved in Customer Due Diligence (CDD).
Read MoreReshma Raja from RPC 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.
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. The only way to get the full picture is by conducting deep due diligence on them.
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 MoreHow AI can transform due diligence into strategic insight
In today’s world, figuring out if we can partner with someone isn’t enough. We need to ask if we should.
Read MoreKaurMaxwell
Customer success story Deep counterparty research for every litigation case Subscribe to our guides “Xapien comprehensively profiles litigation opponents, saving significant research time.” Mandeep Kaur Virdee, Founder & CEO, KaurMaxwell The challenge In any litigation, counterparty research can uncover case-winning nuggets of information. However, conducting deep counterparty research for every case was a luxury KaurMaxwell…
Read MoreWhere Xapien fits into the client onboarding process
Recap When considering a solution like Xapien, the key question is where this tool fits into your current process. One major challenge for law firms is the initial research phase—identifying potential clients or parties involved in a case, and then researching through Google and other sources. This is time-consuming work, taking compliance teams days or…
Read MoreHow to use ChatGPT for due diligence
How you can use ChatGPT for due diligence, where it falls short, and why you should consider using Xapien instead.
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