Helen Hassen, Head of Financial Crime at Atom bank

UK-based Atom bank has selected TruNarrative’s financial crime solution in a bid to provide a real-time AML transaction monitoring and financial crime customer screening and monitoring solution. According to the supplier, the new implementation will expand the bank’s limit beyond legacy and traditional services, help them remain proactive in their adoption of technology and design, minimize false positives, avoid decision and operational issues with silos and enable scalability.

“In selecting a partner for financial crime prevention there were three key focus areas: innovation, configurability and capability. TruNarrative demonstrated a passion for innovative financial crime prevention methods and are clearly driven by challenging legacy systems and issues in the industry. They 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”, commented Helen Hassen, Head of Financial Crime at Atom bank.

“Atom bank represents a fantastic strategic partner for TruNarrative. It’s proof that 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.” said John Lord, CEO at TruNarrative.

Founded in 2014, Atom bank offers Fixed Saver accounts, secured business lending for SMEs and residential mortgages.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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