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).
Press Contact
Louise Goodenday
louise.goodenday@dowjones.com
Kamilla Rahman
kamilla.rahman@dowjones.com
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SOURCE Dow Jones & Company, Inc.