Traydstream selects Refinitiv’s World-Check KYC and AML services

By Megha Bhattacharya

London-based AI solutions provider Traydstream announced a partnership with Refinitiv’s World-Check, in a bid to enable its clients to use the latter’s World-Check Risk Intelligence solution. The solution will be integrated with the supplier’s automated trade compliance checks and will facilitate screening for financial crime risks as part of the company’s anti-money laundering compliance programs.

Shishir Vyas, Head of Partnerships at Traydstream, commented, “Refinitiv’s solution is used by many of our clients globally, and so we are delighted to extend our solution to include a market-leading compliance check.”

Traydstream said in its press statement that with the rise in opportunities offered by the digital economy, there should be an increase in protection against fraud and money laundering. A significant part of the businesses for financial services providers should be understanding the identity of customers through screening tools.

Recently, Refinitiv announced the launch of Refinitiv Compliance Archive (RCA), a unified compliance archive for unstructured message and trade data. The release comes from the company’s collaboration with Global Relay, a provider of cloud-based communication archiving.

Emma Miller, Global Head of Partnerships for the Risk business at Refinitiv, “We are constantly looking for new ways to deliver value to our customers of our World-Check service to help more businesses to comply with regulations and identify potential financial crimes. Refinitiv’s World-Check data complements Traydstream’s automated processing workflow and the combination allows clients to make more informed decisions with greater efficiency.”