Cube says it will help Revolut to monitor every issuing body in every jurisdiction it operates in, notifying the company of all regulatory announcements or updates.

Read more: AltFi

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MoneeMint is a London based FinTech with a focus on providing socially responsible finance to millennials in the UK and Europe.

Aiming to be Europe’s first ethical digital bank, MoneeMint will provide their customers with transparent, fair mobile banking, through a digital-first experience.

The TruNarrative platform will enable MoneeMint to deliver a smooth and compliant onboarding and transactional risk strategy.

Multiple challenger banks, FinTechs and payment services providers trust TruNarrative technology to quickly & compliantly bring their services to market, deliver customer onboarding and prevent financial crime.

With the goal of delivering a market leading digital experience for their customers, MoneeMint went to market for a solution that allowed them to seamlessly onboard, monitor and transact with their customers.

TruNarrative will deliver MoneeMint access to a full suite of customer onboarding and verification technology, including automated; identity verification, fraud prevention and ongoing risk monitoring.

Within the TruNarrative platform’s no-code interface, MoneeMint will be able to adapt its onboarding and transactional risk monitoring strategies to quickly react to market, regulatory & fraud trend changes, mitigating risk and streamlining its customer’s experience.

TruNarrative will also provide MoneeMint with customer behaviour and transactional monitoring, delivering visibility over every transaction & interaction; giving MoneeMint the ability to efficiently make customer acquisition and business risk decisions.

Through the TruNarrative platform, MoneeMint will gain access to a full case management system for manual review and referrals. Providing a single view of each customer whilst facilitating customer acquisition and relieving pressure on referral management teams.

“It is fantastic to work with another ethical finance provider. Our partnership with MoneeMint demonstrates TruNarratives commitment to helping organisations of all sizes protect their business and their customers from financial crime, whilst remaining compliant and delivering a world class customer experience.” John Lord, CEO of TruNarrative “We are looking forward to helping them continue to grow and become one of the UK’s most innovative banks.”

“I am delighted to be working with industry leaders TruNarrative to provide us with a comprehensive transaction monitoring and screening service to enable us to combat fraud and ensure that our customers money is kept safe.” Hassan Waqar, CEO of MoneeMint “We look forward working with TruNarrative as we launch and grow MoneeMint to be the world’s greatest bank.”

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Founded by the family behind global retailer IKEA, Ikano Bank offers simple and fair banking and financing. They offer both direct to consumer products; credit cards, loans and savings accounts, along with extensive facilities to business including; private label cards, sales finance, leasing and factoring.

TruNarrative delivers their RegTech solution across Europe and North America. The technology is accessed via a single API and is currently enabling businesses across banking, lending, ecommerce & payment services to streamline and automate processes.

The TruNarrative platform is trusted to deliver a range of capabilities across customer onboarding and transactional risk, including; financial crime prevention, money laundering detection, identity and biometric verification, multi bureau KYC (know your customer), KYB (know your customer), PEPs (politically exposed persons) & Sanctions and anomaly detection.

Read more: TruNarrative

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Juni, the Swedish start-up has built a new banking app and payments solution designed to act as a financial companion to entrepreneurs across e-commerce and digital marketing.

Juni offers its clients a Visa Platinum credit card with cashback on advertising spend, cash flow & liquidity management features, along with invoice and bank statement matching. The Juni interface provides a centralised overview of users’ bank accounts, external payment services, and advertising spend.

The TruNarrative platform will enable Juni to rapidly and compliantly bring their services to market. Their technology is trusted around the globe across a range of industries, including; banking, lending, eCommerce, and payment services for customer onboarding, robust compliance and financial crime prevention.

Juni went to market for a solution or solutions to facilitate low-friction multi-jurisdictional customer journeys whilst maintaining the highest levels of compliance and risk mitigation.

The Juni and TruNarrative partnership will deliver full access to the TruNarrative solution and its capabilities for; client onboarding, identity verification, Pep’s, sanctions, adverse media monitoring, and ongoing risk monitoring of individual and business customers.

TruNarrative will deliver checks and ongoing monitoring against corporate entities, their directors and associated third parties, giving Juni a single customer view when onboarding customers and making compliance decisions.

Within the TruNarrative interface, Juni will also have access to a full case management system for manual reviews and referrals, a natural language rule builder allowing for rapid strategy changes, and a comprehensive audit trail with instant recall of all data for regulatory purposes.

“It’s great to work with new and innovative businesses. We look forward to helping Juni bring their services to market and providing their customers with a smooth onboarding experience.” Edward Vaughan, Head of Banking at TruNarrative

“Smooth onboarding and KYC processes are key to the customer experience for any digital banking platform. We’re very proud of partnering with TruNarrative that enables us to onboard customers in a customer friendly way.” Samir El-Sabini, CEO & Co-Founder at Juni

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Established in 2016, TruNarrative’s orchestration and decisioning platform is trusted as a critical supplier by top-tier financial institutions, banks, payments services, and ecommerce businesses.

TruNarrative’s customers benefit from the latest AI-driven Onboarding, Risk Rating and Transaction Monitoring technology for Behavioural & Account Monitoring, Fraud Prevention, and Anti-Money Laundering (AML).

Delivered through their cloud-based Software-as-a-Service (SaaS) Risk & Financial Crime platform, TruNarrative offers close to 100 pre-integrated third-party data sources covering 50+ countries.

Following success in the enterprise space, TruNarrative saw a need to bring their bank-grade technology to businesses of all sizes, including Legal, Accountancy, Estate Agents, branch or high street professionals, and corporate in-house compliance teams.

In a climate of tightening regulation, including the 5th and 6th EU Anti-Money Laundering Directive (AMLD) businesses are obliged to verify, investigate, and monitor their customer base for fraud prevention and anti-money laundering purposes in adherence with constantly evolving compliance requirements.

TruPortal by TruNarrative delivers the capability to call upon enterprise-level technology to take on and monitor new and existing clients: individuals, businesses and their directors.

TruPortal gives professionals access to a host of checks, including Credit-Reference Agency-derived Identity Verification; PEP (Politically Exposed Persons) & Sanctions checks; and automated Document Verification for multiple document types including UK & EU Driving Licenses, Passports, and Identity Cards.

In addition, TruPortal incorporates an extensive Business Verification suite, including: Company Verification; Director, Ultimate Beneficial Owner (UBO), and Shareholder information; Anti-Money Laundering & Adverse Media checks; and Business Credit Reports.

Designed to make Know-Your-Customer (KYC) & Know-Your-Business (KYB) due diligence checks simple, quick and easy to perform, TruPortal facilitates compliance with the regulatory obligations around client verification and anti-money laundering.

“We see the professional services space as being underserved in their compliance requirements. TruPortal delivers a super low entry cost of less than £500 and no cap on users, allowing firms to rapidly obtain the information they need to compliantly onboard and engage with their clients.” Ryan Morrison, COO of TruNarrative

“With one of the lowest entry costs in the market, and a unique self-service approach, TruPortal is accessible to smaller firms and those with low-volume customer bases – an area which is currently under-served and under increasing regulatory scrutiny.

In 2016 we launched our unified platform for financial crime compliance, and we disrupted the marketplace and changed the game. Our new product TruPortal is set to do the same for the high street professional services market. This is a space that needs innovation but hasn’t seen it in too long. With TruPortal, we’re planning to transform and massively improve the way that high street businesses verify their clients”. John Lord, Founder & CEO of TruNarrative

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TruNarrative delivers financial crime detection, customer onboarding and transaction monitoring to Banks, Financial services, e-commerce businesses and gambling operators.

Via a single API, the TruNarrative platform orchestrates fraud, anti-money laundering, ID and biometric verification, multi-bureau eKYC, eKYB, PEPs & Sanctions, and anomaly detection.

TrustID’s expert review service combines human analysis and machine processing to verify identity documents. The TrustID document analysis team quickly and accurately analyse identity documents to provide a detailed report evaluating their validity. TrustID’s team has a wealth of experience in real-time identity document verification, checking many thousands of identity documents every week and finding thousands of fake documents every year.

TruNarrative customers can build TrustID’s expert review into their onboarding journeys, to reliably and consistently verify identity, detect fraudulent documentation and gain the insight they need to make informed onboarding decisions.

TrustID’s document analysis will sit within TruNarrative’s AI driven platform providing firms the option to refer identity documents to human experts, delivering understanding into the authenticity of a document and the identity of an applicant.

The partnership will also integrate TruNarrative’s technology into TrustID’s platform, delivering TrustID customers access to KYC, address verification, and PeP’s and Sanction checks

“TrustID is an important partnership, they bring a wealth of experience and knowledge that our customers can use as an alternative or enhancement to automated document review, allowing internal fraud teams to make informed onboarding decisions.” Andy Pearson – Head of Data partnerships, TruNarrative

“We are delighted to partner with TruNarrative and offer their customers access to our expert document review service. During these challenging times, it’s crucial for firms to ensure they have robust identity document processes in place. By integrating our offerings, we can help give clients confidence that the identity documents which they are seeing are genuine and they have an effective way to detect fraudulent documents.” Tony Machin – CEO, TrustID

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TruNarrative orchestrates financial crime detection, customer onboarding, transactional monitoring and compliance processes from a single easy-to-configure, no-code platform. The integration provides TruNarrative customers access to SEON’s email, phone, device intelligence and IP data, enabling them to establish the digital footprint of end users, building a customer risk score to make automated and manual decisions. The TruNarrative platform is trusted by businesses across banking, financial services, e- commerce and gaming operators. SEON’s data is in use for customer verification and fraud prevention across banking, automotive, aviation, gaming and financial services

SEON will join the TruNarrative AppStore, allowing firms to build SEON’s global data and authentication technology into their onboarding and monitoring strategies; delivering robust fraud detection, increasing customer acquisition, facilitating efficient investigations and lowering operational costs.

The partnership means firms can use SEON data alongside TruNarrative’s 40+ app store data partners via a single API. TruNarrative Customers can build customer journeys and processes for; identity verification, fraud, eKYC, eKYB, AML, account and transaction monitoring. Using the TruNarrative interface businesses can adapt rules and strategy with minimal IT resources, keeping total cost of ownership low, and making adoption and integration easy.

About the partnership, TruNarrative’s Head of Data and Third-Party Relationships, Andy Pearson said: “We are delighted to be partnering with SEON, enhancing the fraud prevention solutions available to our customers. The depth and extent of their data means we can offer our customers an even wider range of fraud prevention and verification tools.”

Tamas Kadar, CEO and Founder at SEON explained: “TruNarrative and SEON have a lot of mutual sectors where we dove-tail. In the past, businesses in these industries have not had access to solutions that fit their business models. Since its inception, SEON has been on a mission to change this and TruNarrative is the perfect company to do it with. We fully expect the partnership to grow rapidly and successfully.

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TruNarrative orchestrates financial crime detection, customer onboarding, transactional monitoring and compliance processes from a single easy-to-configure, no-code platform. The integration provides TruNarrative customers access to SEON’s email, phone, device intelligence and IP data, enabling them to establish the digital footprint of end users, building a customer risk score to make automated and manual decisions. The TruNarrative platform is trusted by businesses across banking, financial services, e- commerce and gaming operators. SEON’s data is in use for customer verification and fraud prevention across banking, automotive, aviation, gaming and financial services

SEON will join the TruNarrative AppStore, allowing firms to build SEON’s global data and authentication technology into their onboarding and monitoring strategies; delivering robust fraud detection, increasing customer acquisition, facilitating efficient investigations and lowering operational costs.

The partnership means firms can use SEON data alongside TruNarrative’s 40+ app store data partners via a single API. TruNarrative Customers can build customer journeys and processes for; identity verification, fraud, eKYC, eKYB, AML, account and transaction monitoring. Using the TruNarrative interface businesses can adapt rules and strategy with minimal IT resources, keeping total cost of ownership low, and making adoption and integration easy.

About the partnership, TruNarrative’s Head of Data and Third-Party Relationships, Andy Pearson said: “We are delighted to be partnering with SEON, enhancing the fraud prevention solutions available to our customers. The depth and extent of their data means we can offer our customers an even wider range of fraud prevention and verification tools.”

Tamas Kadar, CEO and Founder at SEON explained: “TruNarrative and SEON have a lot of mutual sectors where we dove-tail. In the past, businesses in these industries have not had access to solutions that fit their business models. Since its inception, SEON has been on a mission to change this and TruNarrative is the perfect company to do it with. We fully expect the partnership to grow rapidly and successfully.

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TruNarrative is trusted by banks, financial services, FX, payments and e-commerce businesses for their financial crime detection, consumer and corporate onboarding, behavioural and transactional monitoring strategies. Accessed via a single API, TruNarrative’s decision engine can deliver risk scoring, behavioural models, along with full case and referral management.

kompany operates a global register network providing real-time access to commercial registers, financial and tax authorities covering over 110 million companies from more than 200 countries and jurisdictions.

TruNarrative’s partnership with the kompany data network means customers can seamlessly access entity information directly from the primary source, reducing manual KYB processes and enabling a low friction digital onboarding journey for new clients.

“kompany is an important App Store integration for us. Providing our clients with their comprehensive business verification within the TruNarrative SaaS platform. We look forward to providing our clients access to kompany’s network of real-time data and company filings.” Andy Pearson, Head of Data Partnerships at TruNarrative.

The partnership will also offer TruNarrative’s clients the ability to verify international bank account numbers (IBAN) and European VAT numbers using kompany’s extended service features. kompany services can help TruNarrative clients meet their regulatory requirements for anti-money-laundering and due diligence with increased ease and confidence.

“We estimate that only 5% of financial institutions today have automated their B2B or corporate banking onboarding and 75% still rely on google searches”, added Russell E. Perry, CEO and Co- founder at kompany. “Our clients typically realise a reduction of 50% in cost and 90% in time savings and can achieve full AML compliance from day one. We are delighted to support TruNarrative’s customers to stay competitive and compliant now and into the future.”

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Paragon Bank is a FTSE 250 multi award winning specialist bank with over 430,000 customers. Since its inception in 1985 as a buy-to-let mortgage lender, it has grown to offer a range of products, including commercial and SME lending, motor finance, asset finance, and consumer savings accounts.

TruNarrative’s platform is trusted by regulated entities across Europe and North America including banks, lenders, ecommerce and payment services.

Via a single API, the TruNarrative platform delivers automated customer onboarding, financial crime prevention, fraud, money laundering detection, ID and biometric verification, multi bureau eKYC, eKYB, PEPs and Sanctions, and anomaly detection.

Following Paragon’s appointment as the 20th Bounce Back Loans Scheme provider, it required a solution to deliver real-time financial crime decisioning and risk rating of linked entities and individuals so Bounce Back loans can be processed as quickly as possible.

The TruNarrative platform is integrated with Paragon Bank’s core architecture and will initially facilitate the onboarding of SMEs specifically for the Bounce Back Loans Scheme.

TruNarrative’s cloud native solution was integrated, deployed and live within three weeks and now complements Paragon’s existing onboarding processes with a real-time financial crime decisioning and risk rating.

The partnership will give Paragon Bank potential access to a range of capabilities, including device risk profiling, KYB risk insights, electronic identity verification, enhanced fraud detection using Cifas data, Peps, Sanctions and Adverse Media.

The TruNarrative platform allows Paragon to review and rapidly adapt its risk scores, thresholds and constantly monitor risk within its SME customer base for BBLS.

“Combining the technical proficiencies of Paragon Bank’s IT Team and depth of domain knowledge from their Financial Crime Team, we have collectively demonstrated that financial crime change projects can be completed in a matter of weeks rather than months or years. The resultant outcome is that the Financial Crime Team now has an enhanced capability that can positively support the commercial aspirations of the Bank to deliver an exceptional and frictionless customer experience. We continue to look forward to future initiatives with Paragon Bank.” 

Edward Vaughan, Head of Banking, TruNarrative

“The Covid-19 crisis has meant that as a business Paragon Bank has had to react quickly and effectively to adapt our processes and IT systems to support our customers. As part of our BBLS development we needed to select a partner who could provide not only the technology we required, but also work with our internal team to deliver a robust solution to very demanding timeframes, TruNarrative has proven it has the capabilities to do this and we will continue to work with them on future enhancements to support our customers.”

Warren Stevenson, IT Director, Paragon Bank

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