#London #United Kingdom #LSEG #World-Check On Demand #Facctum

LSEG and Facctum Team Up for Real-Time Risk Intelligence

LSEG and Facctum are forging a strategic partnership to unveil World-Check On Demand through Facctum's advanced FacctList™ platform. This innovative solution is set to deliver real-time risk intelligence, enabling financial institutions to access trustworthy data on financial crimes and threats instantaneously.

In today's fast-paced world, having precise and constantly updated information is more crucial than ever. World-Check On Demand offers insights into sanctions, politically exposed persons, adverse media, and law enforcement actions. This service, provided via flexible APIs, integrates seamlessly with existing platforms for transaction screening, filtering, and monitoring, empowering institutions to act faster, smarter, and more confidently.

With the help of FacctList, financial entities can directly incorporate World-Check On Demand into their existing compliance workflows. FacctList ensures real-time ingestion, enrichment, and distribution of data, producing various formats compatible with leading filtering engines. Organizations can implement the solution swiftly and efficiently without incurring high costs associated with system overhauls.

Key Benefits

• - Real-Time Access to Information: Gain immediate insights without record abandonment, facilitating seamless transactions and onboarding.
• - Enhanced Risk Visibility and Responsiveness: Benefit from faster alert resolutions, extended remediation windows, and in-depth filtering to improve decision-making processes.
• - Advanced Screening Accuracy: Gain confidence with comprehensive risk taxonomies, on-the-ground sourcing, and transparent change tracking.
• - Unified Data Model: Enjoy a coherent schema across all content types, designed to streamline integration and adapt to future standards like ISO 20022 and IPR.
• - Cost Efficiency and Operational Improvement: Reduce false positives, optimize workflows, and expedite onboarding while maintaining an architecture ready for automation.

Priya Nallan, LSEG's Head of Product Management for Risk Intelligence, emphasized the importance of having more than just raw data in this new era of risk and compliance, stating, "World-Check On Demand provides the real-time intelligence our clients need to act swiftly, smartly, and with assurance, all while lowering operational costs."

KK Gupta, CEO of Facctum, added, "We're proud to collaborate with LSEG on a solution that represents the future of risk intelligence. Our platform's architecture allows for seamless integration of World-Check On Demand into institutional compliance systems, enabling companies to operate with increased speed, accuracy, and efficiency."

About Facctum

Facctum stands as a trailblazer in regulatory technology, offering advanced compliance platforms for financial regulations. Its modular platform enables institutions to comply with regulations swiftly and effectively. Together with LSEG, Facctum aims to deliver next-generation data and automation capabilities that redefine risk intelligence and compliance processes.

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