Xapien

Overview

Xapien automates the research step of due diligence and returns a document rather than a score. The product takes the name of a person or a company and produces a fully sourced background report, typically in minutes, drawing on corporate registries, sanctions and watchlist data, politically exposed person data, court records and the indexed open internet. The vendor puts the average at 7.5 minutes across a sample of a thousand reports, against a legacy baseline it constructs at 8.5 hours. The design premise is stated openly and it is unusual: the vendor publishes a written argument that generative AI on its own cannot be used for due diligence, naming hallucination, inconsistency between similar prompts, and the absence of structured compliance data as the three reasons. Xapien positions itself as the answer to that, triangulating structured screening data against unstructured web material and citing every finding to a source. The engineering center of the product is an identity resolution engine that decides which of several similarly named subjects the report is actually about. The company markets false positive suppression as the primary benefit, describing a representative report as confirming 111 relevant sources and filtering out 297. Financial services is one of six industry lines, alongside legal, enterprise, risk consultancies, education and non profit, and only the financial lines are graded in this record. Those lines are named and separately developed: know your customer and customer due diligence for banks, client onboarding for wealth managers and private banks, investor and director checks and target company diligence for private equity, and underwriting research and claims investigation for insurers. Named financial customers include Griffin, a United Kingdom bank, and Dow Jones Risk and Compliance, which sells a product called Integrity Check built on Xapien. The workflow runs identify, run report, review and edit, share, then decide and approve. The vendor states that the review step can be manual or automated with configurable rules and that approval can be fully configured to the customer's own policy, which is the autonomy position and is graded as such. Sold as annual subscription in three tiers set by report volume, with unlimited users. The legal entity is Digital Insight Technologies Ltd, founded in London in 2018 by two former BAE Systems engineers, and Xapien is its registered trademark.

Details

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