Dow Jones Risk & Compliance is set to launch an innovative AI-powered research platform, Dow Jones Integrity Check. This ground-breaking tool promises to revolutionise the industry, allowing organisations to construct comprehensive investigative due diligence reports from a variety of sources within as little as five minutes – an 80% reduction in the time usually required for such checks.

The platform, propelled by state-of-the-art generative artificial intelligence, natural language processing (NLP), and entity resolution technologies, provided by AI firm Xapien, streamlines huge amounts of information into succinct and easily comprehensible reports. It is designed with regulatory guidelines at its core, incorporating safeguards against potential pitfalls and providing for continuous product review to deliver reliable, bias-free results.

Dow Jones Integrity Check provides an additional layer of investigation beyond standard screening to identify red flags and risks from thousands of data sources. This robust module significantly reduces false positives, providing a saving in both time and resources for compliance professionals.

"The launch of Dow Jones Integrity Check illustrates AI’s potential as a force for good in the global fight against financial crime," said Joel Lange, EVP and GM of Dow Jones Risk & Research. He expressed optimism about the new offering, stating that "reducing the amount of time needed to run a background check from days to minutes will transform the way compliance teams approach due diligence, providing greater transparency and assurance on who they are doing business with. Together with Xapien, we are pioneering the future of risk mitigation, harnessing GenAI and other emerging technologies responsibly in order to facilitate smarter, faster decision-making."

Chris Green, Co-Founder, and CEO of Xapien, echoed Lange’s enthusiasm. "We’re delighted to partner with Dow Jones to bring AI-powered due diligence to a broader market. Dow Jones Integrity Check is more than just a compliance tool. It’s a strategic asset that enables businesses to operate with greater integrity, transparency, and efficiency. The combination of Xapien’s AI and Dow Jones’s world-class data set offers a level of insight and agility that existing tools and manual processes cannot match. This innovation enables anytime due diligence, revolutionising business-compliance dynamics and empowering clients to strategically direct their efforts. Together, we're changing the status quo of slow, labor-intensive due diligence."

This launch follows Dow Jones’s commitment to investing in advanced AI and automating tools for the compliance sector. Sources are appropriately licensed for generative AI models, ensuring customers make decisions based on reliable, copyright-compliant content. Dow Jones Integrity Check forms part of Dow Jones's suite of AI-powered risk management tools, which aims to push the limits of traditional compliance workflows.