LSEG Launches World Check On Demand for Real-Time Risk Intelligence
LSEG Risk Intelligence has unveiled World Check On Demand, a real-time risk intelligence platform. The service, launched alongside a global study, aims to tackle frequent onboarding delays and excessive false positives in the compliance sector.
World Check On Demand, provided by Refinitiv, offers continuously updated risk intelligence through an API. It covers sanctions, politically exposed persons, adverse media, and enforcement actions, meeting customer demand for timely and actionable risk intelligence.
The platform is designed to support smoother onboarding processes and reduce compliance-related delays. According to David Wilson, Group Head of LSEG Risk Intelligence, it enables clients to act faster, smarter, and with confidence while reducing operational costs. The platform, supported by AI, helps compliance teams identify risks earlier, improve response times, and lower false positives.
The launch coincides with LSEG's global study 'Operating at the Speed of Crime'. The study found that 98% of financial institutions view real-time data as important to their compliance workflows. It also revealed that 80% of institutions surveyed reported frequent delays in onboarding or payments due to outdated or slow screening, and 75% identified excessive false positives as an ongoing issue.
World Check On Demand, by providing real-time risk intelligence, seeks to address common challenges in the compliance sector. It aims to reduce onboarding delays, lower false positives, and enable institutions to act more swiftly and confidently.
