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News

Mercury FX invests in TruNarrative platform to boost financial crime management

Monday 13 January 2020 10:02 CET | News

Mercury FX has invested in regtech company’s TruNarrative platform, to boost its customer onboarding processes, regulatory compliance and financial crime prevention strategy.

As a regulated entity, Mercury FX is required to perform a multitude of Know Your Customer (KYC) checks on companies and individuals they work with. Being a global business, Mercury must be able to onboard and monitor customers from all over the world.

Using TruNarrative’s single Application Programming Interface (API) and portal, Mercury FX can adapt its onboarding processes without the need for further integrations or resources, according to the official press release. The global currency organisation is also be able to maintain a central audit trail of all activity related to a client’s individual account – allowing Mercury FX to operate with maximum transparency.

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Keywords: Mercury FX, TruNarrative, regtech, UK, investment, customer onboarding, KYC, AML, API, currency exchange, cross-border payments
Categories: Fraud & Financial Crime
Companies:
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime

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