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Synopsis
RELX-backed LexisNexis Risk Solutions, a provider of risk‑management technology, completed the acquisition of TruNarrative, a software provider. Financial terms were not disclosed. “Organizations are seeking solutions that help them comply more easily with evolving regulations and prevent financial crime, so they can focus more on growing their businesses. The TruNarrative platform aligns with our financial crime compliance and fraud solutions, since it allows regulated organizations, such as banks, payment companies, non-bank financial institutions and designated non-financial businesses, to orchestrate their end-to-end compliance obligations, meeting onboarding and transaction monitoring requirements with lower customer friction," Rick Trainor, LexisNexis Risk Solutions CEO.
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