AML Monitoring

Organisations operating in regulated markets face ever changing and steeper regulatory demands. When companies operate on the periphery, the constant prospect of future regulation haunts them. TruNarrative helps you deal with this head on and across multiple jurisdictions with our AML Monitoring journey. The system enables a risk-based approach and helps to eliminate unnecessary disruption for your genuine customers.

AML Monitoring
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Compliance teams face competing demands

Internal demands to eliminate unnecessary friction for your genuine customers combine with these changes to make a tough operating environment for compliance teams. AML Monitoring is too important to pursue haphazardly.

So on the one hand, regulatory demands increase, but equally punishments for infractions become heftier, whether in the form of fines or costly audits.

 

TruNarrative platform for efficient, effective AML Monitoring

We recognise the priorities of most compliance teams. When it comes to AML Monitoring, you want a platform that:

  • Helps you avoid fines.
  • Delivers intelligence, coupled with a configuration that keeps operational costs low.
  • Satisfies internal stakeholders who demand that all genuine customers enjoy a fantastic customer experience.
  • Ensures relevant information is at your fingertips to maintain transparency.

A flexible rules engine lies at the heart of the TruNarrative solution. Our engine can deploy a combination of rules and scorecards against multiple sets of data, internal and external. Once scored, a flow can be set and managed by you. Managing the resulting queues and cases becomes more efficient. For what could be the first time in your career, you’re now on top of time when you’re leading or running AML Monitoring.

 

Anti-Money Laundering Monitoring

Break free from the black box and use technology to gain ground on competitors

The companies ready to deliver a risk-based approach through the use of modern technology and solid internal process will win in the medium to long-term.

TruNarrative AML journey allows you to:

  1. See the full story in one place for a customer, counterparties and all related associations, including beneficial owners.
  2. Create change through configuration, prioritise cases by levels of risk and automate much of the process with our easy to use interface.
  3. Use compliance data, including PEP and sanctions relevantly and efficiently for ongoing monitoring without creating unnecessary spikes in the number false positives.
  4. Robust audit to ensure you can evidence decisions taken.
  5. Have ultimate control so you can deliver a risk-based approach and adapt quickly to new risks and typologies.

The latest technology frees you from traditional black box processes and hard-coded solutions.

 

Spotlight on AML Monitoring Journey

Configuration

Configure changes without hard coding so you outpace changes in regulation and the money launderers, without waiting for your IT team.

Knowledge share

Sit your fraud and AML journeys together so they learn from each other whilst remaining independent. This improves targeting and accuracy.

Machine Learning

Automate analytics using our machine learning module to improve detection. You remain in control of adopting the suggested changes.

Intuitive case management

Reduce the time you spend managing referrals without increasing risk exposure. See everything in one place.

Transparent audit capability

Protects your business and reduces operational cost.

Breadth of data

Select from the widest range of global watchlist data to take care of your ongoing monitoring and screening requirements.

AML Monitoring works well with

ID Verification

ID Verification

ID Verification using the TruNarrative platform is better, faster, global and more reliable to help increase efficiency.

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KYC

KYC

TruNarrative have combined smooth workflow with robust data services and efficient case management to help you tackle KYC challenges head on.

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Transaction Fraud

Transaction Fraud

TruNarrative combines rules, data, machine learning and human intuition to prevent fraud that occurs during a customer transaction or interaction.

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Behavioural Monitoring

Behavioural Monitoring

In safe commerce, you spot your good customers faster while weeding out villains more easily. Using behavioural monitoring from TruNarrative, you can understand and spot high-value customer behaviour patterns then differentiate their experience.

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Consortium

Consortium

Sharing insight across organisations is proven to be more effective than working alone or in silos. Our platform allows you to securely share and communicate across peer groups and geographies.

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Machine Learning

Machine Learning

Machine Learning and human insight combine in the most advanced solution. Human judgement contributes throughout.

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App Store - Partner Apps

App Store

The world is awash with Big Data. With endless apps ready to use, inside TruNarrative, you can find new suppliers in the app store, or ‘bring your own’ valued supplier or service and integrate them in minutes.

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AML Monitoring is ideal for these markets

Alternative Finance

Alternative Finance

New channels use digital technology to connect people to the financial instruments they desire. As opportunities blossom, strong risk controls become essential.

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Banking Fraud Market

Banking

Traditional banks moving into digital benefit from adopting TruNarrative’s holistic view. The same holds true for new fintech companies and banking startups.

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Lending, Markets

Lending

As credit evolves, consumers expect more and more online. Adopting TruNarrative prepares you to deliver on consumer expectations, day in and day out by solving the Identity, Fraud and Compliance risks that can cause delays in on-boarding new customers.

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Online Gaming, Markets

Online Gaming

Comply with social responsibility, age verification and anti-money laundering regulations whilst nurturing your genuine, VIP customers. Do this by truly understanding the whole story on each customer.

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Insurance | Markets

Insurance

Reduce fraud incidence, lower cost of acquisition and show regulators your controlling premium increases by ensuring good customers are not penalised by the bad.

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eCommerce, Markets

eCommerce

Merchants seek to find and retain good customers, without declining genuine customers who might trigger their risk profiles. TruNarrative shows which are your hero customers from the villains.

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Application Fraud | Payments

Payments

Tackle fraud & risk at every stage of the payment lifecycle by layering detection strategies and technologies to find that perfect balance between revenue and risk detection.

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