John Lord, TruNarrative CEO

British banking app Tally has selected an UK-based financial crime and compliance software firm TruNarrative in a bid to enhance its customer onboarding and identity verification process. Tally, post-integration, is expected to be equipped with the ability to manage its client onboarding strategy, case, and exceptions management.

“In a world of fiat and cryptocurrencies effectively-being promises rather than assets, Tally has a really interesting and ground-breaking idea. We’re Looking forward to helping Tally build their very innovative business model,” John Lord, TruNarrative CEO.

According to the supplier, TruNarrative’s platform solution is expected to assist Tally in building bespoke journeys for its KYC, Politically Exposed Persons (PEPs) and sanctions checks, plus document verification. The integration, as the compliance provider states, will offer Tally with an adaptable customer onboarding process with the independence to tweak the process without requiring IT resources.

“As a fast-growing, innovative company, we wanted to be able to scale fast and offer our customers a high-speed low-friction onboarding experience. At the same time, compliance and security are critical factors to our success – we strive for best-in-class standards. The partnership with TruNarrative provides us with a no-compromise solution that fulfills all of our criteria for onboarding customers,” said Cameron Parry, Tally CEO.

Tally or TallyMoney is a banking app as well as a physical- asset currency that aims to offer consumers with an alternative physical asset currency for everyday spending through its platform. In Tally, 1 Tally= 1 milligram of vaulted gold.

Recently, TruNarrative’s financial crime detection and prevention solution was selected by UK provider of Point-of-Sale consumer credit, Omni Capital Retail Finance.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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