About a-team Marketing Services
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: The Reference Data Utility: How and Why Goldman Sachs, JP Morgan Chase and Morgan Stanley are on board

The topic of a utility model for reference data management is not new. But now we have a real world example in the form of the Reference Data Utility, based on SmartStream’s platform and backed by three founding partners: Goldman Sachs, JP Morgan Chase and Morgan Stanley. Listen to this important webinar to hear first...

BLOG

Sumsub and ComplyAdvantage Deepen AML Screening Partnership as Compliance Demands Rise

ComplyAdvantage and Sumsub have partnered to tighten AML screening by combining Sumsub’s verification and monitoring environment with ComplyAdvantage’s Mesh intelligence layer. The result is a more integrated compliance workflow that brings together customer and business verification and screening within a single platform. For Sumsub users, the partnership adds ComplyAdvantage’s screening intelligence directly into existing workflows,...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...