Using Claude AI technology, Baltic Exchange helps clients and members review extensive sanctions, political exposure, adverse media and other risk information more quickly and efficiently.

About Baltic Exchange

Baltic Exchange is a leading global source of independent maritime market information, supporting the international shipping community through trusted data, benchmarks and professional services. As part of its wider offering, Baltic Exchange provides a chargeable Counterparty Risk Scan service that clients and members can use to support Know Your Customer (KYC) activities. KYC is the process of verifying the identity of an individual or organisation and assessing potential financial, legal or reputational risks before entering into, or continuing, a business relationship.

The Challenge

A single Counterparty Risk Scan can return multiple possible entities and hundreds of pages covering sanctions, politically exposed persons, adverse media, tax offences and other risks. Clients and members must identify the latest significant findings and locate supporting records for further investigation. While essential to due diligence, the volume and complexity of these reports make review time-consuming, with important findings easily buried. Baltic Exchange saw an opportunity to use AI to make the information clearer and more actionable, without allowing it to make compliance decisions for the user.

Our Solution

Baltic Exchange partnered with One Beyond to explore how AI could make its complex Counterparty Risk Scan reports faster and easier to review. Using Anthropic’s AI technology, One Beyond developed a workflow that creates a concise, structured summary for each entity returned. It highlights recent, potentially high-risk findings and directs users to supporting records. Entities are processed separately and in parallel, improving efficiency while preventing confusion or cross-contamination between results. The solution does not make compliance decisions or assign risk scores. It organises existing information so users can focus their review while retaining full responsibility for the final assessment.

Business Impact

By turning large volumes of complex risk information into focused, actionable summaries, the solution reduced average review time by 50% during testing - highlighting findings that may require further investigation and support faster, more efficient KYC and due-diligence activities. Users can quickly understand the key information while retaining access to the underlying records, and multiple entities can be processed efficiently without mixing their findings. Together, these improvements enhance both the value and user experience of Baltic Exchange’s Counterparty Risk Scan service.

Impact at a glance

50% reduction in review times

Testing found that the AI-generated summaries reduced the average time required to review a Counterparty Risk Scan by 50%, helping users reach the most relevant findings more quickly.

Clearer risk information

The most recent and potentially significant findings are presented in a concise, structured and accessible format.

Anthropic-powered summaries

Anthropic’s AI technology interprets complex risk information and produces a focused summary for each returned entity.

People remain in control

The solution does not make compliance decisions or create its own risk scores. Users remain responsible for reviewing the evidence and making the final assessment.

Secure, separate processing

Each entity is processed independently, enabling results to be handled in parallel while reducing the risk of information being mixed or confused between entities.

"One Beyond brought real AI expertise and took the time to understand what we needed. They turned complex information into summaries that are clear, consistent and reliable, giving us confidence in the technology and the value it can offer our clients and members."

Robin Doran, Chief Information Officer, The Baltic Exchange

A closer look at features and benefits

AI-generated entity summaries – Turn extensive and complex counterparty risk information into concise, structured overviews.

Priority findings highlighted – Draw users’ attention to the most recent and potentially significant sanctions, political exposure, adverse media and other risk events.

Links to supporting records – Direct users back to the underlying source material so that findings can be checked and investigated.

Separate entity processing – Process every returned entity independently, reducing the risk of information being mixed between different results.

Parallel processing – Allow multiple entities to be processed simultaneously, supporting faster overall turnaround times.

Iterative prompt refinement – Continuously improve the relevance, structure and usefulness of the summaries based on Baltic Exchange’s requirements.

Human-controlled decisions – Support users with clearer information without making compliance decisions or generating new risk scores.

Reduced review time – Help clients and members spend less time navigating lengthy reports and more time investigating the findings that matter.

Enhanced client service – Add further value to Baltic Exchange’s chargeable Counterparty Risk Scan service through a faster and more accessible review experience.