Identity Document Experts TrustID and Financial crime platform TruNarrative join forces to deliver expert document review into firms’ onboarding strategies.
Global RegTech company, TruNarrative has announced a new partnership with TrustID, to integrate their expert document review service into the TruNarrative platform. Enabling TruNarrative customers to utilise the industry expertise that the TrustID team bring.
TruNarrative delivers financial crime detection, customer onboarding and transaction monitoring to Banks, Financial services, e-commerce businesses and gambling operators.
Via a single API, the TruNarrative platform orchestrates fraud, anti-money laundering, ID and biometric verification, multi-bureau eKYC, eKYB, PEPs & Sanctions, and anomaly detection.
TrustID’s expert review service combines human analysis and machine processing to verify identity documents. The TrustID document analysis team quickly and accurately analyse identity documents to provide a detailed report evaluating their validity. TrustID’s team has a wealth of experience in real-time identity document verification, checking many thousands of identity documents every week and finding thousands of fake documents every year.
TruNarrative customers can build TrustID’s expert review into their onboarding journeys, to reliably and consistently verify identity, detect fraudulent documentation and gain the insight they need to make informed onboarding decisions.
TrustID’s document analysis will sit within TruNarrative’s AI driven platform providing firms the option to refer identity documents to human experts, delivering understanding into the authenticity of a document and the identity of an applicant.
The partnership will also integrate TruNarrative’s technology into TrustID’s platform, delivering TrustID customers access to KYC, address verification, and PeP’s and Sanction checks.
“TrustID is an important partnership, they bring a wealth of experience and knowledge that our customers can use as an alternative or enhancement to automated document review, allowing internal fraud teams to make informed onboarding decisions,” said Andy Pearson – Head of Data partnerships, TruNarrative.
“We are delighted to partner with TruNarrative and offer their customers access to our expert document review service. During these challenging times, it’s crucial for firms to ensure they have robust identity document processes in place. By integrating our offerings, we can help give clients confidence that the identity documents which they are seeing are genuine and they have an effective way to detect fraudulent documents,” commented Tony Machin – CEO, TrustID.
About: TrustID are experts in identity document validation solutions, designed to make identity checks easy, from your office or remotely. Hundreds of organisations, large and small, trust our market-leading services to simplify ID checks, protect themselves from fraud, save time and drive efficiencies. TrustID checking products support Right to Work, Right to Rent, Anti-Money laundering (AML) and Know Your Customer (KYC) legislation as well as protecting public sector bodies such as NHS Trusts and local authorities. Our industry-leading, friendly document helpdesk team are on hand 7 days a week to offer advice and guidance on identity documents and Right to Work regulations. Visit www.trustid.co.uk
Source: TruNarrative Press Release