TruNarrative – the financial crime platform and decision engine has announced a new partnership with ComplyAdvantage – the world’s only dynamic, real-time database of people and companies that pose financial crime risk.

The partnership will provide significant advantages for TruNarrative customers, giving them access to a global proprietary database on AML risk exposure, covering politically exposed persons, global sanctions, watch lists and adverse media.  With solutions including AML screening, identity verification, live transaction monitoring and screening, the move will give TruNarrative customers even more choice through its single integration, where they can access the latest innovations in the financial crime space.

ComplyAdvantage is available in the TruNarrative App store and uses Artificial Intelligence and machine learning to make huge improvements to the status quo of AML data generation. Its dynamic, real-time, AI-driven proprietary database of people and companies that pose a financial crime risk comes with:

  • Constant 24/7 monitoring of global data sources such as sanctions, Politically Exposed Persons (PEPs) and adverse media, providing rapid identification of risky entities through rich, enhanced structured profiles.
  • Extensive analysis into networks/connections.
  • 100% of profiles checked for updates daily.
  • Media analysed in local languages e.g. English, Spanish, Russian, French, Portuguese, Arabic, Chinese, German, Japanese, etc.

This proprietary data is offered via a powerful, flexible, RESTful API and with more accurate, relevant data, and flexible, automated screening. Customers are experiencing 70-85% reductions in manual remediation and false positive alerts. These benefits can now be passed on directly to TruNarrative customers.

John Lord, CEO at TruNarrative, said:   “Swifter access to accurate and quality-assured data can be the key to success for our clients. With TruNarrative joining with ComplyAdvantage, it provides access to a less traditional RegTech service using AI-driven proprietary data and real-time identification of risk. This can help our clients offer advantages including a faster and more precise service, seamless on-boarding and improved customer service.”

Charlie Delingpole, CEO of ComplyAdvantage, said:  Partnering with the TruNarrative team is an exciting step. Our shared innovation and customer-centric ethos makes this the perfect partnership to provide an unparalleled compliance solution to the market. By integrating our real-time AML risk data with TruNarrative’s powerful analytics engine, we can offer TruNarrative clients richer, more relevant financial crime insights straight to their fingertips, so they can make the right risk decisions, faster – without compromising on providing a superior customer experience.”

About ComplyAdvantageComplyAdvantage helps firms make intelligent choices when complying with regulations relating to sanctions, money laundering (AML) and terrorist financing (CFT).

They use Artificial Intelligence and machine learning to produce higher quality AML risk data on individuals, organizations and associated entities. Their solutions enable companies to improve how they onboard and monitor clients, screen payments and monitor transactions by reducing false positives and speeding up processes, all delivered by flexible modern APIs.

Founded in 2014 with offices in London, UK and New York, USA ComplyAdvantage works globally with some 250 firms in the financial markets and other regulated high-risk sectors.