Financial crime specialists TruNarrative has secured the services of French fraud detection and prevention firm Bleckwen to join its platform.
This partnership will see Bleckwen’s behavioural analytics service integrated into the company’s existing financial crime and onboarding solution.
Combining the two is expected to provide organisations will have a greater choice and more control over their financial crime strategy when onboarding and monitoring customers and third parties.
Mike Harriss, TruNarrative’s Head of Channels and Partnerships, said: “The partnership with Bleckwen demonstrates our commitment to including the latest services for detecting fraud and money laundering in the TruNarrative AppStore marketplace.
“Our service-agnostic approach means customers get complete choice over the insights used in their fraud and compliance strategies. There is no one-size-fits-all approach when it comes to financial crime protection, we allow for bespoke configuration.”
Bleckwen’s technology detects fraudulent actions across payment transactions and credit applications in real-time, as well as flag any ‘unusual online activity.’
Its machine learning algorithms are delivered in actionable alerts to allow for more control on AI model governance.
The ‘mutually beneficial collaboration’ aims to provide clients with an flexible solution that combats the constantly evolving fraud patterns and techniques using the TruNarrative platform, without requiring technical resources or additional IT projects.
“Partnerships are at the heart of our growth strategy,” added Alexandre Alberdi, Bleckwen’s Head of Partnerships.
“Bleckwen is always seeking to deliver best-in-class solutions to banks across Europe, the Middle East, Africa and the US, and in collaborating with TruNarrative, we are excited by the opportunity to deliver better fraud management and protection to clients.”