Real-time bank account verification from LSEG Risk Intelligence, a service provider focused on compliance, risk and fraud prevention solutions, is now available directly within Docusign’s eSignature product.
The offering, accessible through Docusign’s Third-Party App Marketplace, will provide “benefits to US customers of Docusign and LSEG Risk Intelligence.”
US-based customers using Docusign products will now be “able to verify US bank account details as they are entered, safeguarding against fraudulent transactions before completing contracts or agreements.”
This first-of-its-kind integration will also “generate real-time alerts for any data entry discrepancies, reducing the risk of errors.”
The integrated solutions will confirm that an account is “open, active, and in good standing before originating payments, as well as verify the authorized signatory status of individuals.”
In addition to increased security, the offering also “eliminates the need for manual verification, significantly reducing the time and effort required to validate account details.”
Teodora Christova, Global Partner Director at LSEG Risk Intelligence, comments:
“Our partnership with Docusign represents a significant advancement in making transactions faster and more secure enabling real-time bank account validation and ownership authentication prior to contract signature. Our technology effectively becomes the door security for digital agreements, keeping users safe.”
They added:
“This integration will enhance transaction speed and accuracy for Docusign users, fostering trust and efficiency. It also showcases LSEG Risk Intelligence’s commitment to innovation in the financial services sector. We look forward to continuing our collaboration with Docusign’s team and plan to enable global bank account verification capabilities within eSignature in the future.”
Scott Harrison, VP of Partnerships and Alliances at Docusign, comments:
“Customers today expect agreements to be fast, secure, and compliant – especially in industries like financial services, insurance, and real estate. Our partnership with LSEG Risk Intelligence delivers exactly that, by embedding real-time bank account verification directly into the Docusign workflow. This integration helps customers not only strengthen KYC checks and reduce fraud risk but also streamline B2B and B2I transactions more efficiently. We’re seeing strong early momentum in North America and are excited to extend these benefits globally.”
As explained in the announcement, LSEG Risk Intelligence provides a suite of solutions to “help organisations efficiently navigate risks, avoid reputational damage, reduce fraud and ensure legal and regulatory compliance around the globe.”
From screening solutions through World-Check, to detailed background checks on any entity or individual “through due diligence reports, and innovative identity verification and account verification – you can trust them to help you manage your risk.”
Docusign brings agreements to life.
Nearly 1.7 million customers and “more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people’s lives.”
With intelligent agreement management, Docusign unleashes “business-critical data that is trapped inside of documents.”
Until now, these were disconnected “from business systems of record, costing businesses time, money, and opportunity.”
Using Docusign’s Intelligent Agreement Management platform, companies can create, commit, and “manage agreements with solutions created by the company [specializing] in e-signature and contract lifecycle management (CLM).”
As covered, LSEG (London Stock Exchange Group) is “a global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.”
With their open approach, expertise and scale, they “enable the sustainable growth and stability of our customers and their communities.”
They partners with experience, knowledge and maintain “a presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. ”
LSEG is headquartered in the United Kingdom, with significant “operations in 65 countries across EMEA, North America, Latin America and Asia Pacific.”
They reportedly employ over “26,000 people globally, more than half located in Asia Pacific.”