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Digital Identity, Security & Online Fraud

Atom bank partners TruNarrative for KYC and AML services

Monday 13 May 2019 | 09:28 AM CET

TruNarrative has partnered with Atom bank to provide them with an AML transaction monitoring and financial crime customer screening and monitoring solution.

The digital bank offers Fixed Saver accounts, secured business lending for SMEs and residential mortgages.
Atom’s criteria for selecting a real-time AML transaction monitoring and a financial crime (adverse media, PEP & Sanctions) customer screening solution, was for a platform, which would support future products and safeguard against emerging risks in the market.

The key priorities included:

  • a single solution to avoid decision and operational issues with silos;

  • it must be real-time, both in decisions and in ability to make changes;

  • it must be able to reduce and manage false positives effectively;

  • it must prove the ability to scale.

Trunarrative is a global company specialized in the financial crime space with Identity verification and fraud management and compliance solutions. Their approach harnesses artificial intelligence, in data-rich systems capable of learning. Legacy technology constrains current IDV, KYC, fraud and money laundering detection systems.

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