ATLANTA, Oct. 10, 2019 /PRNewswire/ -- Vital4, a global leader in AML data and technology, announces its partnership with U.K.-based TruNarrative, a leading global player in financial crime detection and compliance solutions.
U.S.-based Vital4 is the latest, most innovative data solution provider in the AML/KYC market, enabling businesses to identify individuals and entities who pose a financial crime risk. TruNarrative and Vital4 are leading the charge in the shift towards process automation and enhanced due diligence.
Building on 3 years of growth in Europe, in 2019 TruNarrative opened offices in the U.S. and set up in Vital4's hometown of Atlanta, GA, where 70% of US payments are processed, known as "transaction alley."
Alternatively, Vital4 recently expanded into Europe and has an instance of their platform in the E.U. to support European compliance standards and enhance their global reach.
This partnership will prove advantageous for TruNarrative customers, as they will now have access to the latest cloud technology driven by Artificial Intelligence (AI) and Machine Learning (ML), delivering enhanced screening and monitoring of sanctions, regulatory and enforcement watch lists, politically exposed persons (PEP) and adverse media.