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Paragon Bank to adopt TruNarrative RegTech platform for bounce-back loans initiative

Tuesday 15 September 2020 12:32 CET | News

Paragon Bank has selected regtech company, TruNarrative, for business onboarding and automated due diligence technology services.

The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver Bounce Back Loans to SMEs coping with the Covid-19 economic situation. Paragon Bank has over 430,000 customers, and since its inception in 1985 as a buy-to-let mortgage lender, it has grown to offer a range of products, including commercial and SME lending, motor finance, asset finance, and consumer savings accounts, according to the official press release.

TruNarrative’s platform is used by regulated entities across Europe and North America including banks, lenders, ecommerce, and payment services. Via a single API, the TruNarrative platform delivers automated customer onboarding, financial crime prevention, fraud, money laundering detection, ID and biometric verification, multi-bureau eKYC, eKYB, PEPs and Sanctions, and anomaly detection.


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Keywords: API, TruNarrative, automated customer onboarding, financial crime prevention, fraud, money laundering detection, ID and biometric verification, multi-bureau eKYC, eKYB, PEPs and Sanctions, anomaly detection, Paragon Bank
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Europe
This article is part of category

Securing Transactions