Description
Diligent is an AI-powered tool designed to help fraud and Anti-Money Laundering (AML) teams automate and improve their customer due diligence controls. Tailored for the fintech sector, Diligent streamlines workflows, such as performing risk assessments on legal entities, reviewing customer documents like registry extracts and proof of address documents, and decreasing false positive alerts from AML systems.
The tool utilizes large language models to automate repetitive level one tasks while complying with defined workflows and policies, ensuring a complete audit trail.
A key advantage is the tool's ability to integrate easily with current systems and vendors, eliminating the need for disruptive changes to existing AML/KYC systems.
Diligent provides an intuitive interface and the option to integrate an API into internal tools for customized applications. The tool aims to decrease the time and expenses related to risk and AML compliance operations, improving risk assessment capabilities and lessening customer onboarding hurdles.
Pricing Plans
Releases
Reviews
Pros & Cons
Pros
Designed for the fintech sector
Improves AML processes
Strengthens risk evaluations
Cons
Designed specifically for the fintech space
Relies on large language models
No mention of multi-currency support
