European Bank, Ikano has announced that Regtech platform TruNarrative will provide its digital onboarding and global fraud risk management platform.

Founded by the family behind global retailer IKEA, Ikano Bank offers simple and fair banking and financing. They offer both direct to consumer products; credit cards, loans and savings accounts, along with extensive facilities to business including; private label cards, sales finance, leasing and factoring.

The TruNarrative platform will integrate with Ikano Bank’s tech stack, including their core architecture, front end website and native Apps. The partnership means Ikano Bank can make manual and automated decisions within a single platform, enabling; localised approaches for each region.

Edward Vaughan, Head of Banking at TruNarrative said “We are delighted to be supporting Ikano Bank’s digital transformation programme with the delivery of our global fraud and financial crime platform. We look forward to being at the heart of their financial crime risk management processes as the bank continues to develop new innovative products and scale into established and new markets.”

Michael Southgate, Global Head of AML and Fraud said “Working together with TruNarrative is helping Ikano Bank to accelerate our global digital transformation, whilst ensuring the highest levels of financial crime risk management and enables us the flexibility to quickly respond to new and emerging threats within a single technology platform.”