LSEG Launches World Check On Demand for Real-Time Risk Intelligence
LSEG Risk Intelligence has introduced World Check On Demand, a real-time risk intelligence platform designed to tackle common challenges faced by financial institutions. The platform, launched in response to a global study, aims to enhance compliance workflows and reduce operational costs.
World Check On Demand covers a wide range of risk factors, including sanctions, politically exposed persons, adverse media, and enforcement actions. It provides continuously updated, real-time data through an API, enabling clients to act faster and with confidence.
The platform is supported by AI, helping real estate teams identify risks earlier, improve response times, and lower false positives. This is particularly significant given that 75% of institutions surveyed identified excessive false positives as an ongoing issue. Furthermore, 80% of institutions reported frequent delays in onboarding or payments due to outdated or slow screening processes. World Check On Demand aims to address these challenges and meet customer demand for timely, reliable, and actionable risk intelligence.
LSEG Risk Intelligence's World Check On Demand platform is set to revolutionize real estate workflows. By providing real-time, AI-supported risk intelligence, the platform seeks to reduce operational costs, lower false positives, and smoothen onboarding processes. The launch coincides with LSEG's global study, which underscores the importance of real-time data in real estate institutions' compliance efforts.
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