What is Diligent?

Diligent is an AI tool designed to enhance the due diligence processes for financial institutions and regulatory teams. It automates the verification of small businesses, streamlining the task of confirming legitimacy through advanced investigative reasoning at scale.

Key features include web presence analysis that tracks online activities, highlights connections to high-risk entities, and identifies potential reputational risks through social media scrutiny. The risk assistant component conducts comprehensive evaluations of transaction counterparties, utilizing industry classification and address analyses to detect emerging risks effectively.

Additionally, the tool provides automated alerts for existing sanctions and media mentions, significantly reducing the time spent on remediating false positives. Diligent also includes a KYB assistant to instantly verify customer documents, enhancing the onboarding experience by minimizing friction.

⭐ Key features

Diligent core features and benefits include the following:

  • ✔ī¸ Web presence analysis.
  • ✔ī¸ Risk assistant for transaction evaluations.
  • ✔ī¸ Automated alerts for sanctions and media mentions.
  • ✔ī¸ KYB assistant for customer document verification.
  • ✔ī¸ Advanced investigative reasoning at scale.

⚙ī¸ Use cases & applications

  • ✔ī¸ Automate the due diligence process for small business verification using Diligent, ensuring compliance and reducing the risk of onboarding fraudulent clients.
  • ✔ī¸ Leverage Diligent's web presence analysis to monitor online activities and uncover connections to high-risk entities, enhancing the financial institution's risk assessment strategies.
  • ✔ī¸ Utilize the KYB assistant feature to instantly verify customer documents during onboarding, significantly improving the efficiency and compliance of customer verification workflows.

🙋‍♂ī¸ Who is it for?

Diligent can be useful for the following user groups:

Financial institutions
Compliance officers
Risk managers

ℹī¸ Find more & support

Diligent provides an API that developers can use for programmatic access which makes it easy to integrate it with other tools or within your own applications.

You can also find more information, get support and follow Diligent updates on the following channels:

How do you rate Diligent?

5 1 ratings

Breakdown 👇

Value for money:
5
Ease of Use:
5
Performance:
5
Features:
5
Support:
5
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