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: Preparing For Primetime – How to Benefit from the Global LEI

This webinar has passed, but you can view the recording here. Much has been made of the initiative to create a global standard legal entity identifier (LEI). Its backers have taken great pains to explain how the new identifier will improve transparency and contribute to the ongoing regulatory war against systemic risk. After months of...

BLOG

Reframing Corporate KYC: Encompass Targets Back-Book Exposure with Scalable EC Review

For many SME focussed banks, KYC investments have streamlined the onboarding journey but legacy KYC records – the back-book – often remain dormant until a regulatory inspection, or an enforcement case at a peer institution, forces a wholesale review. The challenge that follows is how to remediate at scale, with urgency, and without the need...

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

The Global LEI System – A Solution for Entity Data?

The Global LEI System – or GLEIS – has been in development since the middle of last year. Development has been patchy at times, but much has been done, leaving fewer outstanding issues, but also raising new questions. What’s emerging is a structure for the GLEIS going forward, complete with a mechanism for registering and...