Why choose KYC and Third Party Managed Services?
Increasing challenges related to risk management, compliance costs and evolving regulatory requirements have placed an operational burden on regulated firms and corporate organisations, who are looking to strike a balance between focusing on quality compliance expenditures and controlling costs.
Whether you need help with KYC screening, remediation and ongoing monitoring or you are looking to onboard and monitor a new third-party, LSEG's managed services can support you with these processes. Our expert teams can help you to enhance efficiency and reduce the total costs of ownership, freeing up your compliance department to focus efforts on other important strategic activities.
We can help you boost efficiency and lower costs, while you strive for better regulatory compliance.
Features & benefits
What you get with our holistic risk Managed Services
We are a single supplier covering three vendor screening management areas: data, software, and service.
Positive and possible matches escalated to clients as the resolution team identifies them.
Helps prevent in-progress heightened risk transactions as part of the vendor screening and management process.
We have readily trained resources that can start projects quickly, instead of clients having to train consultants or staff.
Free up time and achieve certain compliance actions with fewer resources.
Lower total cost of ownership
Reduce costs and administrative burden, so that your teams can focus on more strategic projects.
How it works
Ready for fast and effective risk management?
We can help you implement a more effective onboarding process. From one-off screening projects through LSEG Due Diligence Centre, our proprietary technology platform, to supporting with key onboarding tasks on behalf of the client to enable you to run a more efficient and effective onboarding programme, we offer various scopes of Managed Onboarding services.
By instructing our Managed Services Risk Content Operations team to support with key onboarding tasks, you can:
- Ensure partners and suppliers consistently undergo review before engagement
- Reduce the administrative burden for your teams and focus more time on strategic priorities
- Establish a stronger channel or supplier ecosystem
- Process a larger volume of partners, third parties, or suppliers
- Reduce onboarding cycle times
Our risk screening KYC managed services help you to identify positive and possible matches as part of you customer identification programme.
Our team can help you to screen large batches of your third parties and customers against the LSEG World-Check database covering sanctions, politically exposed persons (PEPs), state-owned/state-controlled entities, law enforcement and regulatory enforcement lists. This cost-effective solution will help you to reduce false positives and identify changes in risk levels in the face of the rapidly changing landscape.
Seek support from our KYC managed service team if:
- A lack of skilled resources is hindering your due diligence efforts and negatively impacting customer onboarding
- The need to manage a growing volume of ongoing screening alerts, which could potentially expose our company to new, unidentified risk
- Recent regulations mean that you need to re-screen the entire customer base despite insufficient resources
- You need to screen a large volume of new customers on ongoing basis
Find out more
Relevant products
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Call your local sales team
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