About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LexisNexis Scoops Up Crime and Onboarding Specialist TruNarrative

Subscribe to our newsletter

LexisNexis Risk Solutions UK has swooped in to acquire TruNarrative, a Leeds-based provider of financial crime and client onboarding solutions. The deal widens the scope of LexisNexis capabilities to include corporate customers as well as financial services firms of all types.

TruNarrative, founded in 2016, provides a cloud-based orchestration platform that allows for simplified and automated onboarding, a dynamic risk score and transaction monitoring. The TruNarrative platform allows for no-code configuration and rapid integration through a single API, enabling a single view of customer risk. The company will become part of the Business Services group of LexisNexis Risk Solutions, itself part of RELX, a UK publisher formerly known as Reed Elsevier.

TruNarrative’s capabilities will complement those of LexisNexis Risk Solutions, which provides analytics and insights for risk assessment. Its financial crime compliance solutions help firms become and remain compliant with the increasingly complex regulatory requirements they face. The company’s fraud and identity solutions, meanwhile, help clients address fraud and authentication challenges and maximise revenue across every customer touchpoint.

According to Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, “The TruNarrative platform aligns with our financial crime compliance and fraud solutions, since it allows regulated organisations, such as banks, payment companies, non-bank financial institutions and designated non-financial businesses, to orchestrate their end-to-end compliance obligations, meeting onboarding and transaction monitoring requirements with lower customer friction.”

TruNarrative has experienced rapid growth since its inception five years ago. “As we reached our high growth,” says John Lord, CEO and founder of TruNarrative, “this inflection point helped us focus on seeking a true international partner who could help drive global adoption of TruNarrative’s leading technology. The leading capability from LexisNexis Risk Solutions in data and analytics and the high quality of their team made them an obvious choice to help us deliver the next chapter of our amazing journey.”

Among its most recent projects in the financial services space was Swedish bank Ikano Bank’s deployment of TruNarrative’s fraud detection and client onboarding platform as part of a wider digital transformation programme.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

Financial Crime is a Decision-Speed Problem: Rethinking AI in AML and Compliance Controls

Financial crime compliance is often described as a resourcing challenge. Firms speak of analyst backlogs, alert volumes and the rising cost of surveillance and screening. Kieran Holland, Solutions Engineering Team Leader at Innovative Systems’ FinScan, argues that the underlying constraint has shifted. Financial crime has become a decision-speed problem. “The fight against financial crime is...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...