Diligent
Diligent is a fintech company based in Berlin, Germany, specializing in AI solutions for risk and AML compliance in the financial sector.
Company Overview
Diligent is a fintech company based in Berlin, Germany. As a member of the Y Combinator S23 batch, Diligent focuses on providing AI solutions specifically designed to enhance the efficiency of risk and AML compliance teams. The company aims to automate workflows for fintechs and banks, making it easier to comply with regulations while reducing costs and improving customer experience.
Services
Diligent offers an array of services aimed at automating manual tasks for risk and AML compliance teams. Key services include automating workflows related to risk investigations on legal entities, reviewing customer documents, and remediating false positive alerts from AML systems. The company utilizes GPT-powered assistants to execute these tasks, aiming to reduce compliance time and costs while strengthening risk assessments and minimizing customer friction.
Technology and Integration
Diligent employs advanced AI and GPT-powered assistants to automate manual tasks for fraud and AML teams. The company's technology integrates seamlessly with existing systems and vendors, eliminating the need for any system changes. This ensures that institutions can quickly adopt Diligent's solutions without significant disruptions to their current operations.
Investment and Growth
Diligent has received investment from Y Combinator, being part of the S23 batch. This backing has enabled the company to focus on innovation and service expansion within the fintech industry. The investment is a testament to the company's potential and its commitment to revolutionizing the compliance space.
Privacy and Security
Diligent is committed to protecting personal information through rigorous organizational and technical security measures. Notably, the company does not process sensitive personal information and does not market to children under 18. The company ensures full compliance with data protection regulations and maintains high standards of privacy and security, with its privacy policy last updated on January 31, 2024.