Why Customer Due Diligence Matters in Banking

Banks operate in a highly regulated environment where knowing your customer is essential to prevent fraud, ensure AML compliance, and reduce exposure to reputational and financial risks. Traditional manual due diligence processes are slow, error-prone, and often incomplete. That’s where LIBIL by Legitquest changes the game.

How LIBIL Works

LIBIL harnesses the power of AI and legal data science to offer real-time litigation history checks, asset verification, and risk profiling. Designed specifically for Indian legal and banking ecosystems, LIBIL integrates seamlessly into your compliance workflows.

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Key Features

Instant litigation checks on individuals, companies, assets, directors, and entities.

Access to 2+ billion records from 10,000+ courts across India.

Risk flags and predictive scoring for better underwriting decisions.

Custom reports for audit trails and compliance records.

Easy integration via APIs for enterprise banking systems.

While customer verification is vital for banks, extending the framework to thorough client due diligence ensures deeper risk insights, regulatory compliance, and stronger institutional integrity.

Automate Litigation & Asset Verification

Instead of manually scouring through legal portals, LIBIL gives your compliance team a single interface to fetch structured, validated legal insights. Whether you're verifying the clean record of a corporate borrower or checking for encumbrances on property used as collateral, LIBIL reduces turnaround time by 80%.

Ensure Regulatory Compliance & Reduce Risk

LIBIL supports AML, KYC, and RBI-mandated due diligence frameworks by ensuring each customer, whether retail or institutional, is properly vetted. Our smart filters help flag politically exposed persons (PEPs), financial defaulters, and ongoing litigation cases that may otherwise go unnoticed.

Onboard with Confidence — Modernize Customer Due Diligence with LIBIL

In an era where customer credibility impacts everything from loan performance to compliance ratings, customer due diligence for banks must be both intelligent and instantaneous. With LIBIL by Legitquest, you get a cutting-edge solution that blends AI with deep legal data, helping you onboard clients with confidence.

Ready to transform your due diligence process? Talk to our banking compliance experts now.



Trusted Legal Intelligence Backed by Indian Court Data

LIBIL by Legitquest delivers unparalleled legal insights drawn from 10,000+ Indian courts and 2+ billion verified legal records. Our AI-powered platform transforms raw litigation data into actionable intelligence, enabling banks to conduct due diligence with confidence. Whether it’s assessing individual credibility or uncovering hidden legal risks, LIBIL ensures every decision is backed by credible, court-validated information.

Automate Litigation & Asset Verification

Instead of manually scouring through legal portals, LIBIL gives your compliance team a single interface to fetch structured, validated legal insights. Whether you're verifying the clean record of a corporate borrower or checking for encumbrances on property used as collateral, LIBIL reduces turnaround time by 80%.

Ensure Regulatory Compliance & Reduce Risk

LIBIL supports AML, KYC, and RBI-mandated due diligence frameworks by ensuring each customer, whether retail or institutional, is properly vetted. Our smart filters help flag politically exposed persons (PEPs), financial defaulters, and ongoing litigation cases that may otherwise go unnoticed.

Trusted by the top names in the industry

  • It helped to find out relevant cases with just One Click

    "Legitquest seems to be a one of its kind Legal Research engine with features like iDRAF and iGraphics. It helped me find out relevant cases with just One Click to reach to the reasoning and decision of the case. A feature like iDRAF has helped me save a lot of time while analysing a case."

  • Transform and revolutionise the way of legal research.

    "Legitquest is sure to transform and revolutionise the way Judges, Attorneys, law students, professors, researchers and scholars do legal research."

  • Search engine reduces the time taken in legal research

    "I am very impressed by your search engine, as it is unique in the sense that it greatly reduces the time taken in legal research by straightaway leading to the main findings/ observations of a judgment, including issues raised therein etc. I hope that you include all state electricity regulatory commissions as well, since presently no search engine is maintaining a database of its case laws, and regulations."

Press & Recognitions

Get in Touch

Qualified attorneys and legal experts employed by companies in India can request access to demonstrations and trials. Limited free trial spots are available. Provide your professional email address to receive priority access.

FAQs

Customer due diligence (CDD) refers to the process banks use to verify the identity, background, and risk level of potential and existing customers to comply with AML and KYC regulations.

LIBIL provides instant access to verified litigation data, helping banks assess legal and financial risk by checking individuals and companies across Indian courts.

Yes, LIBIL aligns with RBI, SEBI, and AML compliance frameworks. It ensures thorough due diligence as required under regulatory standards.

Absolutely. LIBIL offers API-based integration to plug into your current compliance or core banking software for seamless data access.

Most reports are generated within seconds, with actionable insights, legal flags, and summaries that reduce manual turnaround by 80%.

Yes. LIBIL is scalable and serves banks of all sizes — from national institutions to NBFCs and regional banks.

Yes, LIBIL also supports vendor onboarding and third-party legal vetting by providing litigation and asset data for companies and individuals.