Due diligence is falling behind
Banks must know more about every business customer, and prove every decision.
Fragmented data
KYB and EDD reviews still pull information from many internal, external and web sources by hand.
Unstructured evidence
Analysts work through filings, statements and reports in every format before a decision can be made.
Regulatory scrutiny
Every onboarding and review decision needs to be consistent, validated and fully auditable.
Three AI accelerators. One financial crime workflow
Onboard with KNOWB, review with ReDD, monitor and report with SARA. Together they cover onboarding, review and reporting.
- KNOWB: Know Your Business. AI-enabled KYC/KYB and business risk assessment.
- ReDD: Research and Due Diligence. AI-powered financial due diligence across structured and unstructured data.
- SARA: Suspicious Activity Reporting and Analysis. AI-driven transaction monitoring and suspicious activity reporting, from alert to SAR.
KNOWB: Know Your Business
Solution 01
An AI-powered solution for comprehensive compliance checks, efficient risk management and strong quality control, so banks can onboard business customers with confidence.
Stat: 75% reduction in manual effort
Capabilities
Multi-data sources. Plug-and-play integration across leading industry data providers, built to scale.
Configurable data integration. Data transformation configured to your process, industry and client nuances.
Web research agents. AI agents gather data from pre-defined, configurable sources to sharpen risk assessment.
AI report generation. Auto-generates customised SDD and EDD reports with insights and summaries.
Real-time validations. Controls configured across data sources in line with regulatory guidelines.
Workflow and access control. Customisable workflow journeys and access privileges to run the tool at scale.
What banks gain
Accurate identification, extraction and analysis of information
Comprehensive business risk assessment
Higher accuracy and efficiency
Sharper outputs through real-time checks
Entity-level KYB summary report for every business
ReDD: Research and Due Diligence
Solution 02
Expedites financial due diligence by unifying extraction across structured and unstructured sources, delivering real-time insights through natural-language questions, and orchestrating every case end to end. Powered by XTRAKTO.AI™.
Capabilities
Intelligent extraction and classification. Identifies and classifies financial documents and extracts the fields each review needs.
Source-agnostic ingestion. PDF, Word, text, images, audio and video, plus internal and external data sources.
Domain contextualisation. Configurable business rules for validation and data handling by domain and client context.
Conversational insights. Ask in natural language, any way you like, with persona-based answers and context retention.
Built-in case workflow. Case management tailored to your process and personas, with an insights layer and audit trail.
What banks gain
Accurate, efficient, scalable processing of structured and unstructured data
Audit trails and access controls that support compliance
One unified view across every data source
Real-time validation for faster, error-free decisions
SARA: Suspicious Activity Reporting and Analysis
Label: Solution 03
AI-driven transaction monitoring and suspicious activity reporting, from alert to SAR. SARA continuously analyses customer and business transactions and uses rules, analytics and machine learning to prioritise alerts, support investigations and automate regulatory Suspicious Activity Reports.
Stat: 25–30% reduction in false positives (expected business impact)
Capabilities
Continuous monitoring. Continuously analyses customer and business transactions.
Unusual pattern detection. Identifies unusual patterns that point to potential fraud, money laundering or regulatory breaches.
Rules, analytics and ML. Combines rules, analytics, and machine learning to detect suspicious activity.
Alert prioritisation. Prioritises alerts so investigators work the highest-risk cases first.
Investigation support. Helps compliance teams investigate suspicious behaviour.
Automated SAR generation. Automates the generation of regulatory Suspicious Activity Reports for compliance teams.
What banks gain
25–30% fewer false positives (expected)
Continuous monitoring of customer and business transactions
Detection of potential fraud, money laundering and regulatory breaches
Investigators focused on the highest-risk alerts
Automated generation of regulatory SARs
How they work together
Onboard (KNOWB). Research the business, validate data in real time and generate SDD or EDD reports.
Review (ReDD). Extract and analyse financial documents and query them in plain language.
Monitor (SARA). Monitor transactions, prioritise alerts and automate SAR generation.
Download the solution sheet
Heading: Get the full picture in three pages
Download the solution sheet to share with your financial crime, operations and technology teams. It covers every KNOWB, ReDD and SARA capability and how they work together.
What's inside:
The three due diligence challenges UK banks face
Six KNOWB capabilities and benefits
Five ReDD capabilities and benefits
Six SARA capabilities and benefits
How the three work together, from onboarding to reporting
Book a Maturity Review
Faster, smarter financial crime compliance
Book a Financial Crime Maturity Review with EXL's Financial Crime Transformation team. We'll look at where manual effort sits in your KYB, due diligence and suspicious activity reporting today, and where AI can make the biggest difference.