Beady AI Launches UAE Website for Continuous Due Diligence

Beady AI, a screening tool used by compliance officers, investment funds, banks, law firms and trading companies, has launched a UAE version of its website. The company, which already has an office in the country, says the move is meant to make it easier for local businesses to check the people and companies they work with before a deal goes through, and to keep checking afterward. Beady is developed by We Good Solutions Limited, a software team that has built data and finance systems since 2018 and is represented in the UAE and Hong Kong.

Beady’s service distinguishes itself from a standard background report by continuously monitoring every name on a client’s watchlist several times a day. If a supplier’s director is sued or a partner lands on a sanctions list, the client hears about it within hours rather than at the next annual review. The system searches sanctions lists such as OFAC, EU, UN and UK HMT, court records, corporate registries, crime lists, news and social media. Its company database holds more than 200 million entities and officers, and it reads news in 40 languages. The company says its filtering removes up to 95% of irrelevant matches, cutting down the time analysts spend clearing false alerts, and each result comes with a link to the original public record so anyone reviewing a case can check the source.

"A lot of businesses here deal with partners from many different countries, and they often have very little time to do the checks," a Beady AI spokesperson said. "We wanted UAE companies to have a site that speaks to their situation and makes it simple to get started." Clients can use Beady in a browser, connect it to their own systems through an API, or run it on their own servers. A two-week free trial is available at https://beady.ai.