Consortium
Making safe commerce simpler is the shared purpose that brings businesses into TruNarrative’s consortium. Criminals can’t hide when organisations collaborate, joining all the dots in the TruNarrative Big Data engine. With the addition of forums for peer-to-peer communication detection of fraud and money laundering meets the cyber challenge head on.
Imagine, if you will…
Imagine a world where you gain an appreciation of what is happening outside your organisation, all without leaving your desk. Better still, the platform you use extends your resources to include those of other organisations, in which peers holding responsibilities like yours can offer insight in real-time. Your ability to make a better decision grows greatly.
A well-designed Consortium
A well-designed Consortium addresses all relevant regulations regarding the storage and sharing of private personal data. The TruNarrative team understand the global landscape and can ensure the Consortium observes all the requisite regulations. What can be shared globally differs, after all, from sharing data within a given regulatory regime.
For example, device and non-personal data can be shared more widely than identity credentials. Locally, insights regarding an array of identity credentials can be matched, and anomalies shared. The consortium makes it easy to share knowledge gained in real-time about application or transaction data with your peers. Also, the TruNarrative consortium supports sharing of known fraudster credentials. This gives your peers and you a wider lens to risk ahead of your decision about an application or a transaction.
Sharing knowledge peer-to-peer
We understand that, on both an informal and formal basis, fraud professionals share knowledge at monthly/quarterly meetings on trends and individual cases. This is great but can often be too late. We have developed a secure community board so you can now share this knowledge immediately. Working as part of our consortium will save your time and mental energy.
Consortium for IDV and AML checks
The same technology that allows us to build this for fraud means we also enable consortium activities related to ID Verification and Anti-Money Laundering. The concept of sharing means that when it is a known criminal activity, you can avoid spending money on additional verification checks. The TruNarrative consortium tracks recent activity instead and advises on the risk. The insights from fresher data will come to you, via the consortium, at a far lower cost.
Share, securely
Protection is part of consortium participation. The TruNarrative platform is built to the high security standards expected in the card payments sector (PCI-DSS). You can relax knowing that we protect your data and ensure you are complying with necessary data protection regulation. All compliance concerns have been satisfactorily anticipated and addressed in the TruNarrative Consortium blueprint. So, you’ll have the opportunity to share insight with your peers and other businesses, confidently.
Choose the appropriate participation level for your setting
Even our Consortium is configurable. Participating with a selected view means you’ll specify a sector or selection of other business, and share data accordingly. You may wish to form a private consortium made of up of a group of companies or an enterprise company with many business units. The greatest value comes when you participate in the global consortium; that’s where you access all data except that which is reserved in private consortia.
Spotlight on Consortium
Global & local
Real-time sharing of insight both globally and locally to provide a wider lens. Result: you make better, more informed decisions on fraudsters, money launderers, honest customers and VIPs.
Secure and safe
Built to protect your data and your business. Developed to the highest security standards.
Known fraud
Historical loading of known fraudsters and villains from the group delivers an immediate impact on your decisions.
Knowledge share
Community board allows you to share knowledge quickly, in order to spot emerging threats sooner.
Real-time
Take advantage from insight gathered within the second from other contributors to spot fraud quicker.
Machine Learning
Utilising latest Machine Learning techniques means TruNarrative users experience significant reduction in false positives and improved detection.
