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Napier AI, the AI-driven financial crime compliance provider, has announced that Napier AI Transaction Screening has successfully completed the technology validation process for its integration with new World-Check On Demand.
This integration enables financial institutions to screen payments against LSEG’s World-Check risk intelligence through an API within minutes of publication by LSEG analysts. Institutions can apply that intelligence within payment-screening workflows configured around their risk appetite, policies and relevant data sources.
World-Check On Demand is LSEG's next-generation API-based delivery of World-Check risk intelligence. It delivers precise, continuously updated real-time risk intelligence – ensuring organisations have instant access to accurate and relevant data across sanctions, politically exposed persons, adverse media, and enforcement actions.
High-volume PEP and adverse media screening can generate significant numbers of false positives. Napier AI Transaction Screening is built for speed, without trading-off precision. It supports the screening of every payment in real time, including against World-Check On Demand risk intelligence. Additionally, organisations can configure screening by payment rail and customer risk type, allowing firms to define which transactions require World-Check On Demand validation.
Greg Watson, CEO of Napier AI, commented: "Payments move in milliseconds. Sanctions and compliance checks should not be the reason they slow down. Sanctions lists are changing faster and more frequently than ever. Our customers rely on us to screen payments quickly and accurately, and that demands real-time data, that can be used effectively within automated and AI-enabled compliance workflows.
"By working with LSEG to bring World-Check On Demand into Napier AI NextGen Transaction Screening, we're helping financial institutions meet regulatory requirements for a truly risk-based approach that reduces over-screening, false positives, and risk exposure through accurate, real-time financial crime intelligence.”
World-Check On Demand in Napier AI Transaction Screening introduces the benefits of an enhanced, more granular data structure that supports risk-based screening configurations. This machine-readable format can support automated and AI-driven workflows while field-level source information provides clearer data provenance. This allows organisations to choose to screen only against sources relevant to their risk appetite.
Priya Nallan, Head of Product, Screening at LSEG Risk Intelligence, comments: “Effective payment screening depends on institutions having timely access to trusted risk intelligence and the ability to apply it in line with their own risk policies.
“By integrating World-Check On Demand with Napier AI Transaction Screening, we are helping customers access newly published intelligence more quickly and use richer, more granular information within their existing screening workflows. This supports more precise, risk-based screening while keeping institutions in control of their compliance decisions.”
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