TruNarrative and ikigai announce partnership

RegTech platform TruNarrative has announced a partnership ikigai. The company will use TruNarrative’s regtech platform to provide customer onboarding and financial crime detection.

TruNarrative enables businesses to detect fraud and identify risk using a single API. Their technology is used to strengthen fraud detection and compliance across the globe in a range of industries including, banking, lending, online gambling, eCommerce and payment services.

ikigai combines wealth management and banking in a single intuitive app. ikigai’s commitment to innovation, ease and accessibility with its flat monthly fee means that customers can unlock their savings potential and stay in touch with their investments easily and in real-time.

The partnership follows a competitive tender process and will give ikigai full access to the TruNarrative platform and its capabilities, in customer onboarding, identity verification, account monitoring, payment screening, transactional risk and ongoing risk monitoring of customers.

Edward Vaughan Head of Banking, TruNarrative said “ikigai are innovators in the digital banking space. I am delighted that they are now one of our customers and that TruNarrative can support their onboarding processes and ongoing compliance.”

Ina Browning, VP of Operations, ikigai said “We are excited to partner with TruNarrative so our customers can experience a fast and frictionless onboarding process. TruNarrative will help us ensure that our customers’ investments and accounts are safe and protected from financial crime.”