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LSEG and Facctum Collaborate for Enhanced Risk Intelligence

In an era where speed and accuracy are paramount, LSEG (London Stock Exchange Group) and Facctum have joined forces to deliver a groundbreaking solution: World-Check On Demand. This innovative service is designed to provide real-time risk intelligence, a necessity in today's fast-paced world.

What is World-Check On Demand?

World-Check On Demand is an advanced risk intelligence solution delivered through Facctum's flagship platform, FacctList™. This powerful tool provides continuous, near-instant access to essential financial crime data sourced from LSEG. It includes up-to-date information on sanctions, politically exposed persons (PEPs), negative media coverage, and compliance actions. As a result, it empowers financial institutions to make informed decisions swiftly and effectively.

Designed to address the challenges of regulatory compliance in a rapidly advancing environment, World-Check On Demand integrates seamlessly with existing transaction monitoring and onboarding systems through its flexible APIs. This integration allows institutions to act with heightened intelligence and precision, thus optimizing their decision-making processes.

Key Benefits of World-Check On Demand

• - Real-Time Access: Institutions gain immediate access to risk assessments without the need for file downloads, dramatically improving payment processing and onboarding processes.
• - Enhanced Responsiveness: The solution equips users with powerful alert management capabilities, resulting in expedited resolution timelines and improved risk visibility.
• - Precise Control and Assessment: It offers advanced risk assessment taxonomy that includes field-level provenance and change tracking, enhancing user trust in the results.
• - Unified Data Model: World-Check On Demand's structured data schema enables smooth integration with future standards, including ISO 20022 and DPI, ensuring compatibility and ease of use.
• - Cost Efficiency and Optimization: By reducing false positives and streamlining workflows, institutions can achieve faster onboarding and operate with an architecture that is primed for automation.

According to Priya Nallan, LSEG's Director of Product Management for Risk Intelligence, “This new era of risk and compliance requires more than just data—it demands real-time, precise, and reliable intelligence. With World-Check On Demand, we are enabling our clients to enhance their operational speed and trust.”

KK Gupta, CEO of Facctum, emphasized that the partnership showcases a modern approach to risk intelligence. “Our platform-centric architecture allows seamless integration of World-Check On Demand data into institutional compliance systems, resulting in increased speed, accuracy, and efficiency in verification operations.”

About Facctum

Facctum stands out as an innovator in RegTech, specializing in advanced compliance platforms for financial crime prevention. Its modular approach empowers institutions to achieve compliance quickly, with a focus on scalability and accuracy. The collaboration with LSEG aims to provide state-of-the-art automation capabilities and cutting-edge data, positioning Facctum at the forefront of the risk intelligence sector.

For media inquiries or further information, please contact:
Facctum Media Relations
Visit the Facctum website for more details.

With World-Check On Demand, LSEG and Facctum are setting a new standard for risk intelligence, crafting solutions that meet the realities of a fast-evolving market and regulatory landscape.