LSEG Risk Intelligence Unveils Real-Time Risk Platform for Faster Compliance
LSEG Risk Intelligence has introduced World-Check On Demand, a real-time risk intelligence tool designed to optimize compliance processes in financial institutions. The launch coincides with a global study indicating that 98% of financial institutions consider real-time data vital for their operations.
World-Check On Demand, developed by Refinitiv, offers precise, continuously updated data via an API. It covers sanctions, politically exposed persons (PEPs), adverse media, and enforcement actions. The platform aims to help organizations manage risk, reduce over screening, and process payments faster.
David Wilson, Group Head of LSEG Risk Intelligence, commended the tool for providing real-time, accurate, and reliable intelligence. It can be seamlessly integrated into existing technology stacks, supporting faster and more accurate decision-making. The platform uses AI-enabled data to detect risk early, improve response times, reduce false positives, and streamline operations.
The platform addresses common challenges faced by financial institutions. According to the study, 75% struggle with excessive false positives, while 80% experience frequent onboarding or payment delays due to outdated or slow screening.
World-Check On Demand, launched by LSEG Risk Intelligence, offers a real-time solution to enhance risk management in financial institutions. By providing precise, continuously updated data and reducing false positives, the tool aims to improve efficiency and accuracy in compliance workflows.
