Graydon Signs Partnership to Unlock the (Tru)Narrative Behind the Onboarding Process
LONDON, September 19, 2018 /PRNewswire/ --
Graydon, leading provider of business data, insights and analytics in Europe, today announced a strategic technology partnership with global financial crime experts, TruNarrative. The partnership will provide a comprehensive onboarding tool for the UK's business community. Graydon Onboarding is the UK's first commercial onboarding solution combining credit decisioning, fraud detection and compliance screening.
With fraud on the rise (estimated to have cost UK businesses £125bn in 2017), and the methods becoming more and more sophisticated, combined with increasing levels of regulation in many industries, more responsibility falls on Credit and Risk teams to not only assess credit risk, but also to identify fraudulent applications and ensure compliance with relevant regulations.
Underpinned by the expertise of TruNarrative's data science and technology team, combined with the predictive capabilities of Graydon's data, Graydon Onboarding enables organisations to identify potential fraud, reduce credit risk and ensure compliance throughout the customer onboarding process, resulting in significant time savings and adherence to credit, regulatory and fraud policies.
The platform also allows for the integration of third-party data sources, meaning users can supplement Graydon insights with complementary data sets from any supplier, allowing customers maximum flexibility whilst optimising onboarding processes, and consolidating numerous data sources.
The partnership operates on a reciprocal basis and sees TruNarrative integrating Graydon's extensive international business database used in trade credit, supplier management and corporate risk identification, this further strengthens the TruNarrative platform and its 'App Store', a gateway to 40+ integrated third-party data services for the prevention of financial crime and provides insights on more than 160 countries.
John Lord, CEO at TruNarrative, said:
"TruNarrative is proud to facilitate Graydon in providing its customers an agile approach to onboarding and managing risk and improving the sharing of fraud insights. The key part of our model is to make safe commerce simpler; the Graydon datasets and commitment to onboarding smoothly, without friction and minimising risk & fraud prevention make them an ideal partner in this space. We look forward to working with their customers and to bringing Graydon data to ours".
Simon Blackwell, Managing Director at Graydon said:
"Today's credit and risk professional is under increasing pressure to not only perform a credit risk assessment but also identify potential frauds and ensure compliance with ever-growing regulation when onboarding new customers. With these increasing demands, they need to make their existing team more effective and efficient and embrace innovative tools and technology. Combining Graydon and TruNarrative's deep domain knowledge in fraud prevention, accurate data and technology alongside 130 years of helping credit and risk professionals make fast, profitable decisions, I am confident that Graydon Onboarding will become the go-to platform for customer acceptance and onboarding."
Mike Harriss, Head of Channel at TruNarrative said:
"The TruNarrative partnership with Graydon is a perfect example of our channel strategy in action. We are offering the latest and best technology in financial crime management and providing a platform for our partner to extend their range of value add services for a mature client-base. At the same time, we are enhancing our own proposition with data and insights from an industry leader".
If you would like to be shown Graydon Onboarding or would like to talk about the business' benefits of an advanced tool, you can either liaise with TruNarrative or Graydon UK.
About TruNarrative
TruNarrative was founded with a single mission: to make safe commerce simpler. With its head office in Leeds, TruNarrative also has offices in London, New York, Hong Kong, Beijing and Singapore.
TruNarrative is transforming the fraud, identity, KYC and AML process by continually providing products built on state-of-the-art technology, bringing the best of data science to ambitious companies of all sizes.
TruNarrative has also established partnerships leading brands in the financial crime management industry including; Cifas, Comply Advantage, and HelloSoda, and features some 40 third-party apps in the TruNarrative App Store which can all be configured through the platform.
TruNarrative -We Make Safe Commerce Simple
http://www.trunarrative.com
About Graydon
With more than 130 years of experience, Graydon is a leading provider of business information, analytics and insights. Graydon helps its customers to make fast, accurate decisions, enabling them to minimise risk and identify fraud as well as optimise opportunities with their commercial relationships. To do so, Graydon uses more than 130 international databases and the information of more than 90 million companies. Graydon has offices in London, Cardiff, Amsterdam and Antwerp. Since 2016 Graydon has been part of Atradius, one of the world's largest credit insurance companies.
Graydon UK
marketing@graydon.co.uk
+44(0)20-8515-1400
SOURCE Graydon UK and TruNarrative
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