Meet Edward: Your AI Agent for Enhanced Due Diligence (EDD)/High-Risk Reviews

Tired of the endless hours spent on high-risk customer investigations? Edward, your AI Agent for Enhanced Due Diligence (EDD)/High-Risk Reviews, is here to help. He automates rigorous information gathering, streamlines transaction analysis, and drafts reports, significantly reducing your time and effort – allowing your analysts to more easily spot risks.

The Challenge of EDD: Time-Consuming & Laborious

Enhanced Due Diligence (EDD) for high-risk accounts is a complex, manual process. Triggered by onboarding assessments, KYC reviews, or third-party indicators, it involves extensive “hunting and gathering,” reformatting, and tedious copy-pasting. A single investigation can consume days, even over a week.

With Edward you can reduce manual effort by approximately 40-60 percent and increase investigation throughput by 3-5X!

40–60%+

reduction in manual effort

3–5x

increase in investigation throughput

How Edward Transforms Your EDD Process

Edward, our AI Agent, tackles these challenges head-on:

Accelerated Data Gathering: Gathers crucial information from KYC, transaction monitoring, and case management systems, as well as third-party sources and documents
Automated Info Organizing: Structures and formats collected data into logical groupings to streamline investigator workflows
Allows Focus: Eliminates manual data entry, allowing investigators to focus on critical thinking and analysis

Edward's Core Capabilities for EDD / High-Risk Reviews:

Data Collection / Identification: Instantly compiles legal names, dates of birth/incorporation, addresses for high-risk individuals and organizations.
Dynamic Source Orchestration: Connects seamlessly with external sources like UK Companies House, Departments of State registries, and Interpol, adapting based on customer data and web page changes
Transactional Analysis: Analyzes transactional data against expected behaviors, identifying anomalies and trends.
Source of Wealth/Source of Funds: Automates background checks on key parties and identifies UBOs, confirms external registration status & licenses, retrieves and analyzes transaction history, etc and constructs full output reports including proof of documents.
Delivers Ready-to-Use Dossiers: Generates comprehensive and formatted case dossiers (e.g. in Word) as a structured starting point for investigations.
Agent-to-Agent: Edward can tap into the power of WorkFusion’s portfolio of AI Agents such as Evan for adverse media monitoring, to provide more comprehensive case details.
Informs Risk Rating: Provides insights for more informed risk rating decisions.

Seamless Integration with Your Existing Systems

Edward integrates effortlessly with common systems, including:

Hire Edward Today

You can build software. You can buy software. Or you can hire an AI Agent. Edward is ready to get started immediately, and we think you’ll like his work ethic. He is not tied to any location, doesn’t take sick days or holidays, and works 24/7 to relieve your compliance team and protect your reputation. Request a demo today to get started!

WorkFusion is named among the prestigious RegTech 100 companies and is SOC 2 Type II certified.