TruNarrative cements its partnership with the UK’s first bank built exclusively for mobile or tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution
THE DURHAM-BASED BANK offers Fixed Saver accounts, secured business lending for SMEs and residential mortgages. Core to its growth, Atom’s commitment to innovation, disruption and providing a safe environment for customers has ensured they remain an alternative to established banks in the UK.
Regulatory changes and the digital nature of contemporary business, combined with fast evolving criminal threats, means regulated entities must be proactive in their adoption of technology and in designing process that will absolutely solve these modern day challenges. Legacy solutions and processes will not always provide the flexibility, agility and innovation required to cope with these demands. Innovation and rapid implementation are key focuses for the Atom and TruNarrative partnership.
Atom’s overarching criteria for selecting a real-time AML transaction monitoring and a financial crime (adverse media, PEP & Sanctions) customer screening solution, was for a platform which would support future products and safeguard against emerging risks in the market.
John Lord, CEO at TruNarrative said, “Atom bank represent a fantastic strategic partner for TruNarrative. It’s proof our innovation and accuracy in building next generation financial crime tools is ahead of the game. We are looking forward to working with them for years to come, protecting their customers and accelerating their growth.”
Helen Hassen, Head of Financial Crime at Atom bank said, “TruNarrative provide excellent levels of configurability and flexibility in their platform, allowing Atom to respond quickly to AML/CTF threats in a controlled way. It is clear that TruNarrative have already established a track record of improving financial crime prevention capabilities in their platform and their collaborative approach will add real value to our solution.”