Thought Machine and TruNarrative collaborate to bring strong identity verification, transactional risk monitoring and cloud native core banking to Atom bank
Thought Machine, the cloud native core banking technology firm, has announced it has teamed up with RegTech leader TruNarrative to provide Atom bank groundbreaking financial crime prevention and core banking capabilities. This partnership has enabled Atom to use the TruNarrative platform to conduct a full suite of real-time AML transactional monitoring processes built on top of truly cloud native technology. The TruNarrative platform is currently used by a wide range of regulated entities which includes banks, lenders, eCommerce and payment services.
They deliver open API access to their automated decision engine, risk scoring, behavioural models combined with full case and referral management alongside and over 50 third party verification data sources.
Thought Machine started working with Atom bank in late 2018. Deploying their core banking product, Vault, into Atom’s stack. Vault’s innovative architecture is built to run any type of bank no matter the size or complexity and comes with a range of standard retail banking products as well as build-your-own tools. Their banking products include current/checking accounts, savings, loans, credit cards and mortgages. Their customers also include Lloyds Bank, SEB and Standard Chartered.
About Thought Machine
Thought Machine was founded in 2014 with a mission to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry. It does this through our cloud native core banking platform, Vault. This next generation system has been written from scratch as an entirely cloud native platform. It does not contain a single line of code which is legacy, or pre-cloud.
For more information visit www.thoughtmachine.net
Source: TruNarrative Press Release