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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