LexisNexis Risk Solutions acquires TruNarrative

Wednesday 25 August 2021 15:14 CET | News

UK-based fraud prevention solutions provider LexisNexis Risk Solutions has acquired TruNarrative, which provides a cloud-based orchestration platform that detects and prevents financial crime.

TruNarrative will become a part of the Business Services group of LexisNexis Risk Solutions. According to company officials, this acquisition positions itself to help a wide range of businesses select the financial crime prevention components they need, then quickly enable and utilise these tools within high functioning, easy-to-use workflows.

Founded in 2016 and headquartered in Leeds, UK, TruNarrative enables organisations to manage the entire financial crime lifecycle within a unified platform that allows for automated onboarding, a dynamic risk score, and transaction monitoring. The platform allows for no-code configuration and rapid integration through one API, enabling a single view of customer risk.

Financial crime compliance solutions from LexisNexis Risk Solutions help companies navigate the regulatory landscape, stay compliant and reduce their risk of fines and reputational damage. In addition, fraud and identity solutions from LexisNexis Risk Solutions provide data insights and a platform to help solve fraud and authentication challenges.

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Keywords: LexisNexis, risk management, fraud prevention, acquisition, API, financial crime
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime