TruNarrative

The LexisNexis RiskNarrative Platform, developed by TruNarrative, is a solution designed to address the challenges of anti-money laundering, fraud detection, compliance, and risk management. According to the vendor, this platform offers businesses in various industries, including banking, financial services, FinTech, gaming and gambling, ecommerce, retail, and crypto, a single view of customer risk. RiskNarrative aims to streamline customer onboarding, monitor transactions, and reduce the risk of financial crime.

Key Features

RiskNarrative Platform: According to the vendor, this platform provides a unified solution for anti-money laundering, fraud detection, compliance, and risk management, aiming to help businesses manage all aspects of financial crime risk.

Simplify Customer Onboarding: The vendor claims that RiskNarrative automates B2B and B2C decisioning processes, aiming to enable businesses to onboard customers quickly and safely. It is said to leverage automation and machine learning to streamline the onboarding process while ensuring compliance.

Monitor Transactions: According to the vendor, the platform offers real-time monitoring of customer behavior and risk, aiming to assist businesses in ensuring seamless and secure transactions. Through automation and machine learning, it is claimed to detect and prevent financial crime, providing ongoing screening and transaction monitoring capabilities.

Reduce Risk and Financial Crime: The vendor states that RiskNarrative aims to unify onboarding, ongoing screening, and transaction monitoring, allowing businesses to manage and configure financial crime risk and compliance. It is said to empower business users to make changes directly without the need for programming, aiming to provide operational agility.

Principles: According to the vendor, the platform reflects changes in financial crime risk and regulation, aiming to provide operational agility to adapt to evolving requirements. It is said to put business users in control, aiming to reduce dependence on technical resources and eliminate typical waits for implementing changes.

Data & Services: The vendor claims that RiskNarrative requires only one integration to access best-in-class data and services. It is said to offer an easy and intuitive Restful API for rapid integration, aiming to help organizations avoid integration costs and lengthy development processes.

Orchestration: According to the vendor, the platform enables easy integration of different third-party data sources, rulesets, and machine learning models. It is claimed to allow businesses to create strategies or journeys in seconds using a drag and drop journey builder, aiming to eliminate the need for costly IT intervention.

Decisioning: The vendor states that RiskNarrative automates complex B2B and B2C decisioning processes, aiming to ensure safe and fast onboarding of customers. Business users are said to be able to make changes directly using natural language, enabling quick amendments to rules, models, and application providers.

Screening: According to the vendor, the platform provides comprehensive screening capabilities for customer risk assessment, aiming to help businesses identify potential fraudulent activities. It is claimed to offer real-time screening to ensure compliance with regulations, using automation and machine learning to enhance screening efficiency.

No-Code Configuration: According to the vendor, RiskNarrative enables business users to configure the platform without coding, making changes using natural language. It is claimed to eliminate the need for technical resources and programming, aiming to provide ultimate configurability alongside a user-friendly experience.