Atom picks TruNarrative to provide AML solution
Atom Bank, the UK’s first bank built exclusively for mobile or tablet, has chosen TruNarrative to help guard against financial crime, reports Jane Connolly.
Durham-based Atom selected the Leeds fintech to provide an anti-money laundering (AML) and financial crime – adverse media, PEP and sanctions – customer screening and monitoring solution, based on its track record of financial crime prevention.
Atom was specifically seeking a single-solution, scalable, reliable real-time platform that could reduce and manage false positives effectively. The challenger bank was also impressed by TruNarrative’s good configurability levels, powerful system with layering rules across multiple service providers and its focus on using technology to disrupt the industry.
TruNarrative CEO John Lord says: “Atom Bank represent a fantastic partner for TruNarrative. It’s proof that our innovation and accuracy in building next generation financial crime tools is ahead of the game.”
“In selecting a partner for financial crime prevention, there were three key focus areas: innovation, configurability and capability,” says Helen Hassen, head of financial crime at Atom. “TruNarrative demonstrated a passion for innovative financial crime prevention methods and are clearly driven by challenging legacy systems and issues in the industry.”
She adds that TruNarrative’s collaborative approach would add real value to Atom’s solution.