Graydon has partnered with global financial crime experts, TruNarrative to provide a corporate anti-fraud solution to the business community.
The solution, Graydon Detect, will combine TruNarrative’s data science and technology teams with the predictive capabilities of Graydon’s data. It will expose, prevent and combat fraud, by providing its consortium members with accurate, real-time insights.
Founded in 2016, and with offices in London Cardiff, Amsterdam and Antwerp, Graydon provides business information, analytics and insights. Its solutions include credit risk management, corporate fraud intelligence and customer onboarding, among others.
Simon Blackwell, managing director at Graydon said: “It is clear that financial crime is becoming more and more complex, and requires ever-increasingly sophisticated and flexible tools to help combat it.
“Combining the deep domain knowledge in fraud prevention of Graydon and TruNarrative coupled with accurate data and great technology will go a long way to minimise the risk for our customers. We’re delighted to partner with TruNarrative and confident that Graydon Detect will become the B2B go-to-platform for fraud prevention professionals.”
The platform also allows for the integration of third-party data sources, meaning users can supplement Graydon’s insights with complementary data sets from any supplier, allowing maximum flexibility whilst optimising fraud detection capabilities. The partnership operates on a reciprocal basis and sees TruNarrative integrating Graydon’s extensive international business database used in trade credit, supplier management and corporate risk identification.
TruNarrative is on a mission to make commerce safe by transforming the fraud, identity, KYC and AML process. The company serves a range of markets including banking, alternative finance, insurance, lending, and payments. To date, it has established partnerships with leading brands in the financial crime management industry including; Cifas, Comply Advantage, and HelloSoda.
John Lorda, TruNarrative CEO, added: “The fraud prevention consortium approach is a key part of our model to make safe commerce simpler; the Graydon datasets and commitment to fraud prevention make them an ideal partner in this space. We look forward to working with their customers and bringing Graydon data to ours.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
