Yorkshire monetary crime firm acquired by US expertise big

Yorkshire monetary crime firm acquired by US expertise big

A Leeds agency has been acquired by a worldwide expertise big.

LexisNexis Danger Options UK Restricted, a part of RELX, has acquired TruNarrative, which supplies a cloud-based platform that detects and prevents monetary crime and fraud.

The Leeds agency, which was based in 2016, permits organisations to handle their response to monetary crime in a single platform.

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It has been acquired by LexisNexis Danger Options, which makes use of information, expertise, linking and analytics to ship actionable insights that allow companies to enhance evaluation and danger evaluation.

Rick Trainor, CEO of LexisNexis Danger Options, Enterprise Companies, mentioned: “Organisations are in search of options that assist them comply extra simply with evolving rules and stop monetary crime, to allow them to focus extra on rising their companies.

“The TruNarrative platform aligns with our monetary crime compliance and fraud options, because it permits regulated organisations, similar to banks, cost corporations, non-bank monetary establishments and designated non-financial companies, to orchestrate their end-to-end compliance obligations, assembly onboarding and transaction monitoring necessities with decrease buyer friction.

“This acquisition positions us effectively to assist a variety of companies choose the monetary crime prevention parts they want, then rapidly allow and utilise these instruments inside excessive functioning, easy-to-use workflows.”

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