Refinitiv Announces the Launch of AI-powered Due Diligence Report

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced the launch of “Snapshot” report, a new AI-powered due diligence report that can help businesses stay on top of the risks associated with increasingly complex supply chains.

In an official announcement, the company mentioned that the new report provides companies with a quick and cost-effective review of suppliers and business interests, evaluating the perceived risks presented better.

Acting as a first step in the due diligence process, Snapshot report addresses the growing need for affordable, preliminary assessments of third parties by delivering a concise, indicative view of potential risks that can be used to prioritise business relationships. Based on the results of Snapshot, organisations can take a risk-based approach to prioritise and determine their next steps.

The company further added that Snapshot leverages AI and natural language processing (NLP) to create a consolidated view of public domain information, including company details, risk intelligence from Refinitiv’s World-Check, as well as adverse media and country risk information.

“Refinitiv’s Snapshot report is an innovative development that incorporates intelligent technology and reliable data to enable organisations to know more about a large number of their relationships. It allows organisations to make quicker, better decisions while meeting their compliance and regulatory obligations,” said Charles Minutella, Head of Due Diligence Services at Refinitiv.