Media group Dow Jones’ risk and compliance division has launched an artificial intelligence ( AI )-powered research platform that enables organizations to build an investigative due diligence report covering multiple sources in as little as five minutes.

The offering, Dow Jones Integrity Check, is a fully automated solution that goes beyond screening to identify risks and red flags from thousands of data sources, and, the company says, “aims to reshape compliance workflows, creating an additional layer of investigation that can be deployed at scale”.

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

The platform is designed, the company adds, 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 illustrates AI’s potential as a force for good in the global fight against financial crime,” says Joel Lange, executive vice-president and general manager of the company’s risk and research unit. “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.”