TruNarrative launch new Identity Verification and Anti-Money Laundering product, TruPortal, to professional services market for Legal, Investment, Accountancy and Real Estate sectors.
TruNarrative’s customers benefit from the latest AI-driven Onboarding, Risk Rating and Transaction Monitoring technology for Behavioural & Account Monitoring, Fraud Prevention, and Anti-Money Laundering (AML).
Delivered through their cloud-based Software-as-a-Service (SaaS) Risk & Financial Crime platform, TruNarrative offers close to 100 pre-integrated third-party data sources covering 50+ countries.
Following success in the enterprise space, TruNarrative 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.
In a climate of tightening regulation, including the 5th and 6th EU Anti-Money Laundering Directive (AMLD) businesses are obliged to verify, investigate, and monitor their customer base for fraud prevention and anti-money laundering purposes in adherence with constantly evolving compliance requirements.
TruPortal by TruNarrative delivers the capability to call upon enterprise-level technology to take on and monitor new and existing clients: individuals, businesses and their directors.
TruPortal gives professionals access to a host of checks, including Credit-Reference Agency-derived Identity Verification; PEP (Politically Exposed Persons) & Sanctions checks; and automated Document Verification for multiple document types including UK & EU Driving Licenses, Passports, and Identity Cards. In addition, TruPortal incorporates an extensive Business Verification suite, including: Company Verification; Director, Ultimate Beneficial Owner (UBO), and Shareholder information; Anti-Money Laundering & Adverse Media checks; and Business Credit Reports.
Designed to make Know-Your-Customer (KYC) & Know-Your-Business (KYB) due diligence checks simple, quick and easy to perform, TruPortal facilitates compliance with the regulatory obligations around client verification and anti-money laundering.
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Source: TruNarrative Press Release