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: Real world data governance – Practical strategies for data ownership

The theories of data governance and ownership are well rehearsed. Essentially, data governance includes rules and processes that make data accurate, compliant and accessible, ensuring the right users can access trusted data as and when they need it. Data ownership assigns responsibility and accountability for a specific dataset to an individual or team that can...

BLOG

Top 13 Client Onboarding Solutions in Capital Markets

Streamlining the Onboarding Lifecycle: A Comparative Analysis of 13 Leading Capital Markets Solutions For institutional broker-dealers, asset managers and investment banks, client onboarding has transitioned from a straightforward administrative function into a complex operational bottleneck. The combination of fragmented global regulatory mandates, ultimate beneficial ownership transparency laws and multi-jurisdictional compliance protocols has steadily increased the...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2019/2020 – Seventh Edition

Welcome to A-Team Group’s best read handbook, the Regulatory Data Handbook, which is now in its seventh edition and continues to grow in terms of the number of regulations covered, the detail of each regulation and the impact that all the rules and regulations will have on data and data management at your institution. This...