Xapien newsletter - March 2024

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

Last chance to register

How can prospect researchers strategically partner with AI? We'll explore this question in our next webinar on April 11 with Melissa Bank Stepno, Vice President of Data Insight & Business Development at Helen Brown Group. She’ll explain why researchers won’t be "information gatherers" but instead strategic thinkers.

Join our next webinar on April 17th featuring Janis Wong from The Law Society, Reshma Raja from RPC, and our Head of Legal Professionals, Nick Morgan. We'll discuss the AI risks that laws are focused on, how to prioritise them, and what firms are doing to establish guardrails around these risks.

In case you missed us

We hosted a fantastic session at the CASE Development Services Conference with Aggie Osina from the University of Cambridge. To recap briefly, we highlighted four criteria when using AI for due diligence: traceability, consistency, trustworthiness, and, most importantly, human-AI collaboration. If you missed us at the conference or didn't get a chance to stop by our stand, you can still request a demo here.?

As proud gold sponsors, our team attended the Law Society’s Risk & Compliance Conference 2024. Here are our main takeaways:

• The fining powers of the SRA are under scrutiny
• This has increased the challenges faced by R&C teams
• Issues previously considered HR matters now involve the regulator
• How firms are doing things today might be judged differently in the future

Want more? Read the full highlights blog here.

Webinar highlights

Getting the business case right for a new AI tool is key. In this video, Camilla Fitzgerald, Philanthropy Manager at ClientEarth, talks about the importance of linking the business case to prospective income and demonstrating how it can benefit different parts of the organisation. She also discusses how they developed a business case for Xapien to launch their new corporate fundraising strategy.

With the pressure lawyers are put under from Know Your Customer (KYC) and truly understanding our clients — not just tick-boxing — they need support. Without it, they risk losing a client because their KYC process is too long and their compliance officer is unhappy with any shortcuts. Watch the full discussion here.

Recently published

Compliance teams once relied on static sources like databases to identify AML risks. However, these sources lack the dynamism needed today. While many can't afford deep due diligence on the open web, AI tools like Xapien are changing that.

Like many institutions, The University of Liverpool left donor due diligence until the last step in its gift acceptance process as it was time-intensive work. As requests for due diligence checks grew, it became unsustainable for the research team to continue. With limited capacity, they needed a solution to conduct due diligence more quickly and earlier on. That's where Xapien came in.

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