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UK – TruNarrative announce Accountscore integration with partnership agreement
By Lewis - 21 april 2020
AccountScore is to integrate open banking connectors onto TruNarrative’s platform, enabling risk and compliance teams to integrate affordability scores to aid onboarding and monitoring of customers.
AccountScore currently provides their open banking APIs and platform to financial services companies, tenant reference agencies and telecommunications companies, allowing them to verify information such as customer salary amount, affordability and identity, a process that has historically involved the submission of paper documents and manual validity checks.
Open banking data is permissioned access to consumer or business banking data for the purposes of risk assessment, compliance and fraud detection. This helps regulated businesses such as lenders or gaming operators comply with their obligations for onboarding and transacting with their customers.
The partnership means TruNarrative customers now have access to the information they need to help affordability decisions in real time via the TruNarrative API.
Het controleren aan de hand van Open Banking-gegevens kan het verschil betekenen tussen het overmatig verstrekken van een lening of het correct toestaan van krediet aan mensen met een onderbank. Betaalbaarheidsscores zijn ook een belangrijke vereiste die door de Britse gokcommissie wordt opgelegd aan gokbedrijven om hun klanten een zorgplicht te garanderen.
The TruNarrative platform delivers financial crime detection, customer onboarding and transaction monitoring to financial services, e-commerce businesses and gambling operators using a customisable decision engine and an App Store of over 50 third-party data providers and service integrations.
De Open Banking-gegevens van AccountScore zullen binnen TruNarrative's AI-gestuurde platform worden geplaatst en verrijking mogelijk maken via de verschillende externe verificatiegegevensbronnen in de TruNarrative App Store, waardoor bedrijven een completer klantbeeld krijgen dat zowel geautomatiseerde als handmatige beslissingen mogelijk maakt.
Emma Steeley, CEO of AccountScore, commented: “We are proud to be joining forces with TruNarrative in order to enable them to deliver cutting-edge Open Banking solutions to their clients.
“From income verification and affordability, to source of funds and identity verification, our partnership delivers a solution that provides multiple sectors the opportunity to take full advantage of the UK’s Open Banking framework coupled with our market leading analytics.”
Het TruNarrative besluitvormings- en workflowplatform maakt besluitvorming op granulair niveau mogelijk over kredietreferentiebureau, biometrische gegevens, adresgegevens, documentverificatie en nu Open Banking-gegevens.
Constantly changing regulatory environments and market conditions, such as those imposed by the current COVID-19 emergency, mean businesses need instant access to valuable data, and importantly, the ability to make quick changes to onboarding and monitoring processes.
Het gebruik van de Open Banking-gegevens van AccountScore via TruNarrative zal een reis met weinig wrijving voor de klant, meer zichtbaarheid en lagere operationele kosten voor organisaties vergemakkelijken.
Adam Doyle, Head of Gaming at TruNarrative, explained: “This is a relationship that I am truly excited about. As regulatory requirements shift increasingly towards the inclusion of affordability scoring, this partnership provides businesses with the much needed ability to monitor and protect customers throughout their entire lifecycle, whilst minimising impact on the customer experience.
“And importantly, in this unprecedented global situation, ensuring players aren’t stretching themselves in testing times is essential for continuing to provide a safe environment for users of online services.”
