By PAUL O’DONOGHUE, Senior Correspondent
LSEG Risk Intelligence, part of the London Stock Exchange Group, has launched ‘World-Check On Demand’, a platform that provides comprehensive real-time screening data.
The AI-enabled system screens for sanctions, politically exposed persons (PEPs), adverse media, and enforcement actions.
The launch marks the 25th anniversary of LSEG’s World-Check database. The company said the ‘on demand’ service replaces batch updates with continuously updated data.
David Wilson, group head of LSEG Risk Intelligence, said the system helps firms respond more quickly to financial crime risks. “Navigating a new era of risk and compliance requires more than just data,” he said.
“It demands intelligence that’s real-time, accurate, and most importantly, trusted.”
LSEG Risk Intelligence screening platform
LSEG Risk Intelligence said the platform reduces over-screening and prevents delays in payments and onboarding, which often occur due to outdated or slow results.
A global survey released by the organization alongside the launch found that 98% of financial institutions see real-time data as “important to their compliance workflows”.
Eight in ten reported delays due to slow screening. Three in four cited false positives as a persistent problem.
World-Check On Demand delivers data through REST/JSON APIs, which firms can plug directly into existing systems. Features include enhanced metadata, filtering options, and secondary identifiers such as birth dates and aliases. LSEG said these tools help reduce false alerts.
The organization said that banks, fintechs, payment processors, governments, and other regulated entities can use the platform for onboarding, transaction monitoring, and identity verification.
“[The platform] can be seamlessly integrated into existing technology stacks – from onboarding platforms to real-time transaction monitoring systems,” the LSEG Risk Intelligence said.
The launch comes as regulators step up scrutiny of payments, fintechs, and cryptocurrency firms. LSEG said real-time compliance will likely become the industry standard, leaving batch models at a disadvantage.
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