Used for
- Fraud detectionAML complianceCustomer due diligenceRisk managementKYB verificationAutomating customer due diligenceReducing false positives in compliance alertsEnhancing risk assessment processesImproving fraud detection efficiencyStreamlining compliance operations
Features
- AI-powered risk assessmentFraud detection automationAML compliance enhancementCustomer due diligenceFalse positive remediationKYB verificationSanctions screeningPEP alert analysisDocument validationFalse Positive ReductionAutomated risk assessmentGPT-powered assistantsHolistic investigation of business and transaction counterpartiesAutomated alerts screeningInstant document validation and business information verificationReduction in onboarding frictionImproved risk and compliance operationsTime and cost savings in complianceStrengthened fraud detectionGenAI-powered automation for risk and compliance operationsAutomated investigation of business nature and transaction counterpartiesAutomated screening of alerts from Sanctions, PEP, and Adverse Media systemsReduction of false positives in alertsInstant validation of customer-uploaded documents to reduce onboarding frictionHolistic risk assessment capabilitiesEnhanced fraud detectionTime and cost-efficient compliance processesImproved customer experience by reducing frictionIntegration with existing KYC/AML systems
What does Diligent offer?
Diligent offers a platform powered by GenAI for customer due diligence, fraud detection, and AML compliance enhancement.Is Diligent allowed by regulator and safe to use?
Yes, Diligent complies with regulatory standards and is safe to use.Would I have to change my KYC/AML systems to use this?
No, Diligent integrates with existing KYC/AML systems, enhancing their functionality without requiring a full change.How does Diligent improve fraud detection?
Diligent uses GPT-powered assistants to automate manual tasks and improve the efficiency of fraud detection processes.What is KYB verification in Diligent?
KYB verification in Diligent involves instant validation of business information and customer uploaded documents, reducing onboarding friction.How does Diligent handle false positives?
Diligent automates alerts screening to identify false positives, such as jurisdiction mismatches, thus saving time and resources.Can I see a demo of Diligent?
Yes, you can schedule a demo to see Diligent in action and understand its functionalities better.What are the primary benefits of using Diligent?
Diligent offers time and cost savings in compliance, improved risk assessment, reduced onboarding friction, and strengthened fraud detection.Is Diligent available for small businesses?
Yes, Diligent is designed to serve businesses of all sizes, including SMBs.Does Diligent require any installation?
Diligent is a cloud-based solution that requires no complex installation, making it easy to deploy and integrate.What does Diligent offer?
Diligent offers a GenAI-powered solution to automate and enhance risk and compliance operations for Fraud and AML teams.Is Diligent allowed by regulators and safe to use?
Yes, Diligent is compliant with regulatory standards and safe to use for risk and compliance operations.Would I have to change my KYC/AML systems to use Diligent?
No, Diligent integrates with existing KYC/AML systems, allowing seamless adoption without major changes.How does Diligent reduce false positives?
Diligent automates the investigation of alerts from Sanctions, PEP, and Adverse Media systems, significantly reducing false positives.What is the primary benefit of using Diligent?
The primary benefit is the automation of compliance tasks, which reduces time and cost while strengthening risk assessments.Can Diligent validate customer-uploaded documents?
Yes, Diligent can instantly validate documents such as register extracts and proofs of address to reduce onboarding friction.How does Diligent enhance fraud detection?
Diligent enhances fraud detection by providing holistic risk assessments and automating investigation processes.Is Diligent suitable for financial institutions?
Yes, Diligent is particularly suitable for financial institutions needing efficient risk and compliance operations.What technologies power Diligent?
Diligent is powered by GenAI technologies that automate and enhance compliance and risk operations.How does Diligent improve customer experience?
By reducing onboarding friction and automating compliance tasks, Diligent improves the overall customer experience.