Posts Tagged ‘Legal’
How AI improves reputational due diligence
Performing reputational due diligence emerged in the 2000s… so why in 2024 should organisations be reviewing and improving their approaches?
Read MoreHow to gain trust in AI for background research
AI is no longer the future – it’s here. In the domain of research and due diligence, it’s causing a paradigm shift. Manual tasks are giving way to automation, and insights about individuals and companies, previously concealed within online articles, are more accessible than ever.
Read More5 use cases for RegTech in the legal industry
In today’s fast-evolving regulatory landscape, legal firms need to work at speed, processing large volumes of data to maintain compliance. It’s no simple task.
Read MoreWhat are Large Language Models, and how does Xapien use them?
Large Language Models (LLMs) are advanced computer programs that understand and generate human-like language. They can read, write, and understand text in a way that’s almost like how we do.
Read MoreHow AI is impacting RegTech, and why it’s the future for firms
Regtech helps law firms and financial institutions stay abreast of these complex, evolving regulations. It can help reduce money laundering and be used to demonstrate compliance. Until recently, this technology can extract, process, and categorise open source information.
Read MoreHow legal firms can start billing clients quicker with AI-enabled taxi reports
When meeting new clients in the past, you might have looked them up in the back of a taxi or asked an associate to pull together a quick report. But there’s no such thing as a quick search these days.
Read MoreThe dangers of tick box compliance and remote training in legal firms
Tick box compliance is a term used to describe a checkbox-style approach to regulatory compliance. It involves simply checking off boxes to indicate that certain regulatory requirements have been met, without any real effort to understand or address the underlying issues.
Read MoreOur Resolve™ disambiguation engine, and how it works
When humans read multiple articles about an individual, we have a natural instinct to consider different aspects surrounding each mention of that person. It’s how we confirm whether they’re the person we’re interested in or not.
Read MoreEverything you need to know about risk assessment
This article explores the different risks law firms need to assess before onboarding new clients, and sets out why automated due diligence software can transform risk assessment from a drain on resources into a beneficial tool.
Read MoreThe challenges facing law firms in 2023, and how to solve them
Law firms have long needed to carefully look into the background of their clients in order to avoid potential legal or ethical non-compliance. This process, though demanding in terms of time and resources, is crucial to avoid conflicts, comply with regulations, and avoid inadvertently facilitating money laundering or supporting organised crime. As we enter 2023,…
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