Ikano Bank chooses TruNarrative platform for digital onboarding

Ikano Bank has procured fraud prevention technology services from UK based RegTech firm, TruNarrative. The decision is part of Ikano’s digital transformation programme and will see the TruNarrative platform integrated with Ikano’s new technology architecture to facilitate their Europe wide fraud prevention strategy.

Founded by the family behind global retailer IKEA, Ikano Bank offers simple and fair banking and financing. They offer both direct to consumer products; credit cards, loans and savings accounts, along with extensive facilities to business including; private label cards, sales finance, leasing and factoring.

TruNarrative delivers their RegTech solution across Europe and North America. The technology is accessed via a single API and is currently enabling businesses across banking, lending, ecommerce & payment services to streamline and automate processes.

The TruNarrative platform is trusted to deliver a range of capabilities across customer onboarding and transactional risk, including; financial crime prevention, money laundering detection, identity and biometric verification, multi bureau KYC (know your customer), KYB (know your customer), PEPs (politically exposed persons) & Sanctions and anomaly detection.

Read more: TruNarrative