LSEG & AWS Launch World-Check Verify for Seamless Compliance in Digital Payments
LSEG Risk Intelligence and Amazon Web Services (AWS) have launched World-Check Verify, a cloud-native screening API designed to enhance compliance in the modern payment ecosystem. This solution aims to support financial institutions in meeting the demands of today's rapidly evolving digital world market.
World-Check Verify is a lightweight, stateless screening solution that integrates compliance directly into payment and onboarding workflows. It offers instant and secure checks without affecting processing speed or customer experience. The system is designed to ensure resilience and high performance for enterprise and cross-border operations, providing efficiency through flexible integration, precise screening, and advanced configuration options.
Powered by AWS, the solution offers a highly available infrastructure suitable for digital platforms and neobanks. It maintains data sovereignty through a secure, scalable, cloud-native architecture. David Wilson, Group Head of LSEG Risk Intelligence, stated that World-Check Verify makes compliance invisible, ensuring screening happens in the background at the precise moment it's needed. Alison Kay, VP and Managing Director of AWS UKI, mentioned that the cloud-native solution scales instantly to meet demand spikes, reduces infrastructure overhead, and leverages advanced analytics to transform manual workload into an automated, efficient workflow.
Since its launch, World-Check Verify has been adopted by several financial institutions to enhance their payment and onboarding processes. The solution provides real-time screening against LSEG's World-Check data, allowing organisations to carry out embedded, low-latency checks within payment and onboarding workflows. By supporting financial institutions in meeting growing compliance demands, World-Check Verify helps them to improve risk intelligence, speed up customer verification, and enhance compliance with regulatory requirements.
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