LSEG Risk Intelligence, a provider of compliance, risk management and fraud prevention solutions, has announced the launch of World Check On Demand.
The platform is designed to change how data is created and delivered, with the aim of meeting customer demand for timely, reliable and actionable intelligence to support risk management, reduce excessive screening, and speed up payment processing.
World Check On Demand provides continuously updated, real time risk intelligence through an API.
This allows organisations to access accurate and relevant information on sanctions, politically exposed persons, adverse media and enforcement actions.
David Wilson, Group Head of LSEG Risk Intelligence, said:
“Navigating a new era of risk and compliance requires more than just data, it demands intelligence that’s real time, accurate, and most importantly, trusted. With World Check On Demand we are delivering just that, enabling our clients to act faster, smarter and with confidence, while reducing operational cost.”
The launch coincides with the release of LSEG’s global study Operating at the Speed of Crime: The Case for Real Time Risk Intelligence.
The research found that nearly all financial institutions surveyed, 98%, view real time data as important to their compliance workflows.
80% reported frequent delays in onboarding or payments due to outdated or slow screening, while 75% identified excessive false positives as an ongoing issue.
World Check’s data, supported by AI, is intended to help compliance teams identify risks earlier, improve response times, lower the number of false positives and streamline operations, while maintaining transparency and clear data sources.
World Check On Demand delivers the data foundation for quicker and more accurate decision making.
It is designed to support smoother onboarding processes and reduce compliance-related delays highlighted in the survey.
Through flexible APIs, it can be integrated into existing technology systems such as onboarding platforms and transaction monitoring tools, providing institutions with up to date information to act promptly and with assurance.
Featured image credit: Edited by Fintech News Switzerland, based on image by Alla541 via Freepik
