LexisNexis acquires TruNarrative
LexisNexis Risk Solutions UK has acquired Trunarrative , which provides a cloud-based orchestration platform that detects and prevents financial crime and fraud. TruNarrative will become a part of the Business Services Group of LexisNexis Risk Solutions .
Founded in 2016 and headquartered in Leeds, UK, TruNarrative enables organizations to manage the entire financial crime lifecycle within a single, unified platform. The platform allows for no-code configuration and ‘rapid’ integration through ‘one easy and intuitive’ API, orchestrating smooth customer journeys and enabling a single view of customer risk.
“Organizations are seeking solutions that help them comply more easily with evolving regulations and prevent financial crime, so they can focus more on growing their businesses. The TruNarrative platform aligns with our financial crime compliance and fraud solutions, since it allows regulated organizations, such as banks, payment companies, non-bank financial institutions and designated non-financial businesses, to orchestrate their end-to-end compliance obligations, meeting onboarding and transaction monitoring requirements with lower customer friction. This acquisition positions us well to help a wide range of businesses select the financial crime prevention components they need, then quickly enable and utilize these tools within high functioning, easy-to-use workflows.” – Rick Trainor, CEO of LexisNexis Risk Solutions, Business Services.
“The team at TruNarrative has worked tirelessly over the past four years building the fastest growing SaaS platform for risk and financial crime. As we reached our high growth, this inflection point helped us focus on seeking a true international partner who could help drive global adoption of TruNarrative’s leading technology. The leading capability from LexisNexis Risk Solutions in data and analytics and the high quality of their team made them an obvious choice to help us deliver the next chapter of our amazing journey.” – John Lord, CEO and founder of TruNarrative.
