TruNarrative rolls out identity verification and AML product

Tuesday 16 February 2021 13:35 CET | News

UK Based regtech, TruNarrative has launched TruPortal, a new identity verification and anti-money laundering product aimed at high street professionals.

The new AML product calls upon enterprise-level technology to take on and monitor new and existing clients: individuals, businesses, and their directors. In a climate of tightening regulation businesses are obliged to verify, investigate, and monitor their customer base for fraud prevention and anti-money laundering purposes.

The regtech saw a need to bring their bank-grade technology to businesses of all sizes, including legal, accountancy, estate agents, branch or high street professionals, and corporate in-house compliance teams.

TruPortal gives professionals access to a host of checks, including credit-reference agency-derived identity verification; PEP (Politically Exposed Persons) and sanctions checks; and automated document verification for multiple document types including UK and EU driving licenses, passports, and identity cards.

In addition, TruPortal incorporates a business verification suite, including company verification; director, Ultimate Beneficial Owner (UBO), and shareholder information; Anti-Money Laundering and adverse media checks; and business credit reports.

More: Link

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Keywords: product launch, KYC, identity verification, Ultimate Beneficial Owner, UBO, shareholder information, AML, adverse media checks, business credit, regtech, TruNarrative, TruPortal
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: United Kingdom
This article is part of category

Securing Transactions