Xapien newsletter — June 2024

Welcome to Xapien's monthly newsletter featuring articles and insights from the team ???

Upcoming webinars

Whether you're formalising your own due diligence process or curious about how others manage theirs, register for our next webinar with the University of Michigan to learn how they built an automated due diligence process using Xapien.

Join us with The Law Society and Pinsent Masons to explore how AI has helped address some of the biggest challenges facing regulated firms. These include ballooning compliance costs, slow onboarding processes and the disproportionate focus firms often take on low to medium-risk clients and high-risk clients.

ICYMI

Revisit the final part of our prospect development series where we explored the future of AI for prospect researchers with Claire Miller from Save The Children UK and Suzie Stephens from The Prospect Development Company.

Industry perspective

Understanding a third party requires deep due diligence, but it’s a process that can take hours for compliance teams, says Chris Green. What’s needed is automated research that goes beyond the limits of search engines and database screening.?

Suggested reading

That's where AI tools like Xapien come in to automate the end-to-end process. Xapien is a purpose-built tool to make due diligence less of a blocker and more of a business enabler. 20 specialised AI models work together to generate advanced screening across millions of registries, data screenings, compliance datasets, and trillions of web pages on the indexed internet. Read more about how it works here.

Guest expert

Lawyers often deal with vast amounts of information, and AI tools can help, Zoe-Allen Robinson explained in our webinar. But firms must first understand where an AI tool gathers its information, how it collects data, and what sources it uses. Listen to Zoe’s key considerations for adopting an AI-powered compliance tool here.

Recently published

Criminals naturally want to reveal as little as possible about themselves and cover their tracks. Conducting thorough due diligence is essential but can be challenging when you're dealing with a backlog of requests. This blog explores how Xapien can help you uncover hidden red flags.

Sometimes, it's clear that major gifts come from illicit sources or don't align with your organisation’s purpose, leading to instant rejection. However, some gifts fall into a grey area, making a gift acceptance process essential. Here's how Xapien can help.

Many tools automate time-intensive parts of donor due diligence, like screening business records and compliance datasets. Some tools like Xapien automate the entire process using AI technology. However, not all tools offer the same capabilities. We’ve compiled a guide to five highly trusted due diligence tools.

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