Digital onboarding specialist TruNarrative and cloud technology company Canny have announced a new partnership to provide firms with greater access to RegTech innovation.
The partnership will see Canny’s financial services marketplace integrate TruNarrative’s online digital onboarding solution as well as compliance solutions like its Risk and Financial Crime platform, a Software-as-a-Service (SaaS) offering that contains more than 50 pre-integrated third-party data sources that cover more than 180 countries around the world.
“Through our strategic partnership with Canny, firms will be able to access the latest in RegTech innovation, reducing their requirement for development resources and increasing the speed they can bring their products to market,” said John Lord, TruNarrative CEO. “We look forward to working with them and helping them and their customers grow”.
Canny’s marketplace is a source of white label API solutions that financial institutions can utilize to allow them to expand their product offerings into new areas such as lending, FX, payments, and savings.
Additionally, the Canny Cloud platform can be used by firms to handle tasks like digitized payments, AI-driven data analysis, and lending orchestration.
With the addition of TruNarrative’s digital onboarding technology, Canny’s clients are now able to perform identity and document verification, account monitoring, as well as AML (anti-money laundering) compliance checks in an industry where standards are constantly being changed and updated.
“We are happy and excited to be working with TruNarrative, enabling us to empower our clients to perform identity and document verification, account & transaction monitoring and anti-money laundering checks and get access to RegTech innovation,” said Aaditya Rathod, Co-Founder of The Canny Co. “We look forward working with TruNarrative as we transform customer proposition, drive efficiency and bring additional revenue stream to our clients.”
July 14, 2021 — by Tony Bitzionis