TruNarrative has launched an identity verification and anti-money laundering product called TruPortal.
TruNarrative has launched an identity verification and anti-money laundering product called TruPortal.
The RegTech firm has expanded its product line-up with the new Know Your Customer (KYC) and Anti-Money Laundering (AML) solution.
The product is designed specifically for low-volume users.
According to TruNarrative, it offers close to 100 pre-integrated third-party data sources covering more than 50 countries.
TruPortal delivers the capability to use enterprise-level technology to monitor new and existing clients, individuals, businesses and their directors, outlined the firm.
It also gives professionals access to a host of checks, including credit-reference agency-derived identity verification and automated document verification for multiple document types.
Ryan Morrison, chief operating officer of TruNarrative, said: “We see the professional services space as being underserved in their compliance requirements.
“TruPortal delivers a super low entry cost of less than £500 and no cap on users, allowing firms to rapidly obtain the information they need to compliantly onboard and engage with their clients.”
John Lord, founder and chief executive of TruNarrative, added: “With one of the lowest entry costs in the market, and a unique self-service approach, TruPortal is accessible to smaller firms and those with low-volume customer bases – an area which is currently under-served and under increasing regulatory scrutiny.
“In 2016 we launched our unified platform for financial crime compliance, and we disrupted the marketplace and changed the game.
“Our new product TruPortal is set to do the same for the high street professional services market. This is a space that needs innovation but hasn’t seen it in too long.
“With TruPortal, we’re planning to transform and massively improve the way that high street businesses verify their clients”.
