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Refinitiv and GIACT introduce a new solution using a single API

By Joy Dumasia

August 12, 2021

  • New York
  • Refinitiv
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RefinitivRefinitiv, one of the world’s largest financial markets data and infrastructure providers, today announced that the EPIC Platform from GIACT and World-Check are now together and accessible via a single API. The integration brings together the comprehensive risk intelligence from World-Check with the unprecedented capability of GIACT to deliver a multi-dimensional view of consumer and business identity, payments, and compliance risk, across the customer lifecycle.

A customizable, single API will equip organizations with the following advances: Refinitiv’s cutting-edge technology and access to an unparalleled real-time network of identity verification, authentication services and compliance screening. Access to a holistic set of enrollment, payment, identity, compliance, screening, and mobile solutions built on a single platform. Ability to proactively identify and mitigate both traditional and emerging risks, including payments, identity and vendor fraud, money laundering, bribery and corruption, as well as enforcement and fines.

Concurrently, both traditional and emerging fraud risk, alongside complex compliance requirements, has delivered record financial losses and reputational risk to organizations across almost every industry. The integration announced today is set to address all manner of fraud and risk-related threats and inefficiencies by combining industry-leading solutions into a single API deployed across an organization.

James Mirfin, Global Head of Digital Identity and Fraud Solutions at Refinitiv, said: “For over a decade, legacy solutions have failed to adequately protect financial institutions, businesses and consumers from identity and payments fraud. Until today, no one has been able to deliver a fraud and risk mitigation solution that spans the customer lifecycle. Refinitiv responded to the industry’s calls by combining the power of the EPIC Platform and World-Check into a single comprehensive solution that eliminates gaps in the fraud prevention process; helps protect financial institutions, businesses, government entities and others against the latest fraud threats; and improves customer experience through real-time, fact-based decisioning.”

Recently, IBS Intelligence reported that Refinitiv had announced the launch of Refinitiv Active Investor for wealth managers and their customers.

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