Financial Services Platform, Canny, Extends Data Marketplace with RegTech, TruNarrative

  • RegTech , Data , Risk Management
  • 13.07.2021 11:30 am

Technology platforms TruNarrative and Canny form partnership to help firms access the latest in RegTech innovation 

Technology platform Canny have integrated the TruNarrative solution into their financial services marketplace. Delivering Canny’s current and future customers access to  TruNarrative’s financial crime decision engine and extensive third-party app store for regulatory compliance and customer onboarding. 

Canny Co’s marketplace is designed to provide financial institutions the whitelabelled, API solutions they need to rapidly expand their product offering into new areas including; lending, FX, payments  and savings. 

The Canny Cloud platform is trusted by leading financial services firms for digitised payments, AI driven data analysis, lending orchestration. Additionally, Canny delivers the ability to invoice-to-pay,  and request-to-pay via its CannyPay solution. 

TruNarrative technology delivers the customer onboarding and compliance strategies for some of  the world’s leading businesses and is a critical supplier for a number of challenger banks and EU  payments organisations. 

Delivered through Software-as-a-Service (SaaS) TruNarrative’s Risk & Financial Crime platform offers 50+ pre-integrated third-party data sources covering 180+ countries. 

TruNarrative’s solution is now integrated into Canny’s marketplace of technology partners, delivering even more functionality and agility to their customers. Allowing them access to the latest technology  to evolve their tech stack and enhance their business. 

The TruNarrative platform complements Canny’s existing marketplace partners with real-time  financial crime decisioning and risk rating, enabling Canny’s clients to provide a seamless onboarding  experience for their customers. 

The partnership with TruNarrative will allow Canny to rapidly extend their marketplace offering, with access to TruNarrative’s data partnerships, including leading credit reference agencies and data  providers. 

Integrating TruNarrative’s technology into Canny’s cloud-based platform means that Canny’s clients will be able to perform, identity and document verification, account & transaction monitoring and  anti-money laundering checks. Enabling Canny partners to accelerate their businesses and comply  with current and future regulation. 

Canny’s customers will be able to orchestrate their end-to-end onboarding and due diligence  processes using TruNarrative. Utilising customisable workflows and referral management capabilities to reduce false positive referrals and drive efficiency for their operational teams. 

Firms will be able to design their financial crime prevention strategies within TruNarrative’s intuitive  platform and access valuable reporting via the Canny platform.

“Through our strategic partnership with Canny, firms will be able to access the latest in RegTech  innovation, reducing their requirement for development resources and increasing the speed they  can bring their products to market ” says John Lord, TruNarrative CEO. “We look forward to working  with them and helping them and their customers grow”. 

“We are happy and excited to be working with TruNarrative, enabling us to empower our clients to perform; identity and document verification, account & transaction monitoring and anti-money  laundering checks and get access to RegTech innovation. We look forward working with TruNarrative  as we transform customer proposition, drive efficiency and bring additional revenue stream to our  clients” Aaditya Rathod, Co-Founder of The Canny Co 

 

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