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Enterprise Security Magazine | Wednesday, September 08, 2021
TruNarrative has been acquired by LexisNexis Risk Solutions UK Limited, a subsidiary of RELX.
FREMONT, CA: TruNarrative, a cloud-based orchestration platform that identifies and eliminates financial crime and fraud, has been acquired by LexisNexis Risk Solutions UK Limited, a subsidiary of RELX. TruNarrative will become a member of LexisNexis Risk Solutions' Business Services group.
TruNarrative, established in 2016 and based in Leeds, helps businesses manage the whole financial crime lifecycle with a single, unified platform that includes streamlined and automated onboarding, a dynamic risk assessment, and transaction monitoring. With one simple and intuitive API, the platform enables no-code configuration and rapid integration, orchestrating smooth customer journeys and allowing a single view of customer risk.
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LexisNexis Risk Solutions combines data, technology, linking, and analytics to provide actionable insights that help companies enhance their risk assessment and analysis. LexisNexis Risk Solutions' financial crime compliance solutions help businesses manage an increasingly complicated regulatory framework, stay compliant, and decrease the risk of fines and reputational harm. Additionally, LexisNexis Risk Solutions' fraud and identity solutions give significant data insights and a unified platform to assist fraud and authentication concerns while maximizing income throughout client touchpoints.
According to Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services, companies are looking for solutions that help them deal more efficiently with shifting rules and avoid financial crime to concentrate more on expanding their business. As it enables regulated organizations, like banks, payment companies, non-bank financial institutions, and assigned non-financial companies to organize their end-to-end compliance obligations, meeting onboarding and transaction monitoring necessities with lower customer friction, the TruNarrative platform aligns with the financial crime compliance and fraud solutions.
This acquisition puts the company in a good position to assist various enterprises in selecting the financial crime prevention components they require, then promptly enabling and deploying these technologies within high-performing, easy-to-use workflows with Trainor.
According to John Lord, CEO and founder of TruNarrative, "the team at TruNarrative has worked relentlessly over the last four years establishing the fastest growing SaaS platform for risk and financial crime. This inflexion point allowed them to focus on finding a genuinely worldwide partner who could help drive global adoption of TruNarrative's premier technology as they achieved their peak growth. LexisNexis Risk Solutions' outstanding data and analytics expertise and their staff's exceptional quality make them an easy candidate to assist in completing the next chapter of the incredible adventure.
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