Durham ‘disruptor’ bank partners with Leeds firm for financial crime protection

Durham-based Atom bank has teamed up with Leeds fraud specialist TruNarrative to prevent financial crime and comply with FCA regulations.

The partnership will see the fraud solutions firm, which has offices in the UK, the US and the Far East, deliver a series of anti-money laundering (AML) monitoring and customer screening processes in line with Atom bank’s needs and regulatory requirements.

John Lord, CEO at TruNarrative said: “Atom bank represent a fantastic strategic partner for TruNarrative. It’s proof our innovation and accuracy in building next generation financial crime tools is ahead of the game.

“We are looking forward to working with them for years to come, protecting their customers and accelerating their growth.”

Launched in 2016, Atom bank specialises in offering banking services exclusively on mobile and tablet devices, providing savings accounts and secured business lending to SMEs across the UK.

Helen Hassen, head of financial crime at Atom bank added: “In selecting a partner for financial crime prevention there were three key focus areas: innovation, configurability and capability.

“TruNarrative demonstrated a passion for innovative financial crime prevention methods and are clearly driven by challenging legacy systems and issues in the industry.

“It is clear that TruNarrative have already established a track record of improving financial crime prevention capabilities in their platform and their collaborative approach will add real value to our solution.”