About TruNarrative
TruNarrative is a compliance software platform from LexisNexis Risk Solutions that helps organizations manage risk and compliance processes. It combines identity verification, fraud prevention, and transaction monitoring to support a reliable compliance framework. This platform enables organizations to assess risks in real-time, ensuring that they meet regulatory requirements effectively. TruNarrative integrates with existing systems to provide a comprehensive view of customer behavior and risk profiles. Key capabilities: identity verification fraud detection case management reporting tools transaction monitoring Best for: financial institutions and businesses that need to manage compliance and mitigate risk effectively.
RiskNarrative by LexisNexis Risk Solutions is a comprehensive financial fraud detection software designed to streamline and enhance the management of financial crime risks. Its primary purpose is to provide a unified platform that integrates fraud detection, compliance, and risk management across the entire customer lifecycle. Key features include powerful automation, machine learning capabilities, and a no-code configuration that allows business users to make changes without programming expertise. This makes it a versatile tool for organizations looking to mitigate financial crime efficiently. The user interface of RiskNarrative is designed with simplicity and ease of use in mind. It features a clean, intuitive layout that allows users to navigate through various functionalities effortlessly. The drag-and-drop interface for integrating third-party data sources, rulesets, and machine learning models is particularly noteworthy. This design element not only simplifies the user experience but also significantly reduces the need for extensive IT intervention, making it accessible to users with varying levels of technical expertise. Functionality-wise, RiskNarrative stands out with its robust set of features.
Pros & Cons
- +1. None.
- −1. Poor User Experience: Extremely difficult to use, even for someone with extensive IT experience.
- −2. Lack of Clarity: Confusing and poorly designed interface.
- −3. Frustrating Process: The process of verifying identity was frustrating and time-consuming.
- −4. Ineffective: The product failed to fulfill its intended purpose of verifying identity.
- −5. Unnecessary Complexity: Overly complicated for a product that should be accessible to users with little to no technical knowledge.
Features
Key features
- 1. Unified Financial Crime Platform
- Combines anti-money laundering, fraud, compliance, and risk management into a single platform.
- 2. No-Code Configuration
- Allows business users to make changes without coding.
- 3. Easy Integration
- Integrates with third-party data sources and services through a single API.
- 4. Customer Lifecycle Management
- Manages the entire customer lifecycle, including onboarding, ongoing screening, and transaction monitoring.
- 5. Risk Orchestration
- Provides a platform for automating and managing risk workflows.
- 6. Machine Learning
- Leverages machine learning for advanced risk assessment and decision-making.
- 7. Data & Services
- Accesses a wide range of data and services for risk analysis.
- 8. Decisioning
- Offers decision-making tools for assessing customer risk.
Additional features
- 1. Risk Management
- Centralized platform for managing various risk types.
- 2. Anti-Money Launting (AML)
- Tools for preventing money laundering activities.
- 3. Fraud Detection
- Identifies fraudulent transactions and activities.
- 4. Compliance
- Ensures adherence to regulations and industry standards.
- 5. Customer Onboarding
- Streamlines the onboarding process for new customers.
- 6. Transaction Monitoring
- Monitors customer transactions for suspicious activity.
- 7. Risk Scoring
- Assigns risk scores to customers and transactions.
- 8. Workflow Automation
- Automates various risk management tasks.
- 9. Data Integration
- Connects to external data sources for enriched risk assessment.
- 10. Decision Support
- Provides tools to aid in decision-making regarding customer risk.
- 11. Reporting & Analytics
- Generates reports and insights into risk trends.
- 12. Customization
- Allows customization of workflows and risk rules.
- 13. Scalability
- Can handle large volumes of data and customers.
Pricing
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About TruNarrative
TruNarrative is a compliance software platform from LexisNexis Risk Solutions that helps organizations manage risk and compliance processes. It combines identity verification, fraud prevention, and transaction monitoring to support a reliable compliance framework. This platform enables organizations to assess risks in real-time, ensuring that they meet regulatory requirements effectively. TruNarrative integrates with existing systems to provide a comprehensive view of customer behavior and risk profiles. Key capabilities: identity verification fraud detection case management reporting tools transaction monitoring Best for: financial institutions and businesses that need to manage compliance and mitigate risk effectively.
TruNarrative Details
TruNarrative's In-App Market Place
Does TruNarrative have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), JPY (¥)
Pros & Cons
- 1. None.
- 1. Poor User Experience: Extremely difficult to use, even for someone with extensive IT experience.
- 2. Lack of Clarity: Confusing and poorly designed interface.
- 3. Frustrating Process: The process of verifying identity was frustrating and time-consuming.
- 4. Ineffective: The product failed to fulfill its intended purpose of verifying identity.
- 5. Unnecessary Complexity: Overly complicated for a product that should be accessible to users with little to no technical knowledge.
TruNarrative's Support Options
Contact
+44 (0)29 2067 8555TruNarrative's Alternatives
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