TruNarrative has partnered with Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution.
The Durham-based bank offers fixed saver accounts, secured business lending for SMEs and residential mortgages. Its 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.
John Lord, CEO at TruNarrative said: “Atom bank represent a fantastic strategic partner for TruNarrative. It’s proof our innovation and accuracy in building next generation financial crime tools is ahead of the game. We are looking forward to working with them for years to come, protecting their customers and accelerating their growth.”
Helen Hassen, head of financial crime at Atom bank, added: “In selecting a partner for financial crime prevention there were three key focus areas: innovation, configurability and capability. TruNarrative demonstrated a passion for innovative financial crime prevention methods and are clearly driven by challenging legacy systems and issues in the industry.
“They provide excellent levels of configurability and flexibility in their platform, allowing Atom to respond quickly to AML/CTF threats in a controlled way. It is clear that TruNarrative have already established a track record of improving financial crime prevention capabilities in their platform and their collaborative approach will add real value to our solution.”