Dow Jones Risk & Compliance Deploys Generative AI to Transform Due Diligence

Combining trusted data and cutting-edge NLP and GenAI technologies, Dow Jones Integrity Check will reshape risk management workflows

NEW YORK, April 9, 2024 /PRNewswire/ -- Dow Jones Risk & Compliance today unveiled an industry-leading AI-powered research platform that enables organizations to build an investigative due diligence report covering multiple sources in as little as five minutes. The new offering is set to reshape compliance workflows, creating an additional layer of investigation that can be deployed at scale.

Dow Jones Integrity Check is a fully automated solution that goes beyond screening to identify risks and red flags from thousands of data sources.

Harnessing cutting-edge generative AI, natural language processing (NLP) and entity resolution technologies from AI firm Xapien, Dow Jones Integrity Check extracts and summarizes vast volumes of information into intuitive reports that are quick and easy to digest. The platform significantly reduces false positives, saving compliance professionals valuable time and resources.

Dow Jones Integrity Check is designed with regulatory guidance in mind, incorporating proactive safeguards against hallucinations and continuous product review to ensure trustworthy, unbiased results. The outputs are fully sourced and auditable, with links to the original articles and records for further interrogation. 

"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, Dow Jones Risk & Research. "Reducing the amount of time needed to run a background check from days to minutes will transform the way compliance teams approach due diligence, ultimately 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."

"We're delighted to partner with Dow Jones to bring AI-powered due diligence to a broader market," said Chris Green, co-founder and CEO of Xapien. "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, revolutionizing business-compliance dynamics and empowering clients to strategically direct their efforts. Together, we're changing the status quo of slow, labor-intensive due diligence."

Dow Jones Integrity Check is the latest in a suite of AI-powered risk management tools that Dow Jones Risk & Compliance is rolling out as it continues to invest in advanced AI and automation for the compliance sector. As part of Dow Jones's commitment to the responsible use of AI, sources are appropriately licensed for generative AI models, ensuring customers are basing decisions on reliable content that is copyright compliant. 

For more information, please visit dowjones.com/integritycheck.

About Dow Jones

Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world's largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America's largest newspaper by paid circulation; Barron's, MarketWatch, Mansion Global, Financial News, Investor's Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

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SOURCE Dow Jones & Company, Inc.