Urjanet and Financial crime platform TruNarrative join forces to deliver Utility Data for Identity & Address Verification into firms onboarding strategies

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Urjanet and Financial crime platform TruNarrative join forces to deliver Utility Data for Identity & Address Verification into firms onboarding strategies

08/09/2020

TruNarrative, the global RegTech company has announced a new partnership with Urjanet, to integrate utility and telecom account data into the TruNarrative platform.

The TruNarrative platform delivers financial crime detection, customer onboarding and transaction monitoring to Financial services, e-commerce businesses and gambling operators.

Utility Data for Identity & Address Verification from Urjanet enables TruNarrative’s platform users to connect with consumer utility accounts based on consumer permissions and digitally retrieve bills to verify name and address information.

Urjanet data is collected from an expansive network of thousands of service providers across 33 countries and enables users to accurately verify the identities and addresses of a widespread consumer base while remaining compliant with KYB, KYC, and AML regulations. This information is especially important to help deliver services to the underbanked or hard to verify consumers.

The partnership gives TruNarrative customers permissioned access to the information they need to help verify identity and make onboarding decisions, in real time using utility bill information via the TruNarrative API.

Urjanet’s utility data will sit within TruNarrative’s AI driven platform providing firms with a more complete customer view facilitating both automated and manual decisions.

Using Urjanet’s Electric, natural gas, water, cable, and telecom data through TruNarrative will facilitate a low-friction journey for the customer, increasing visibility and reducing the volume of manual referrals for organisations.

“Urjanet is an important integration for our customers, we only provide world class data and API’s that can be consumed within the TruNarrative SaaS platform.” John Lord, CEO of TruNarrative “They bring a wealth of data that our customers can integrate into their IDV journeys and onboarding strategies.”

“I am delighted to be working with industry leaders TruNarrative to provide us with a comprehensive transaction monitoring and screening service to enable us to combat fraud and ensure that our customers money is kept safe.” Hassan Waqar, CEO of MoneeMint “We look forward working with TruNarrative as we launch and grow MoneeMint to be the world’s greatest bank.”