TruNarrative has added a new Know Your Customer (KYC) and Anti-Money Laundering (AML) solution, called TruPortal, designed specifically for low-volume users.

TruNarrative’s platform is trusted as a critical supplier by top-tier financial institutions, banks, payments services, and ecommerce businesses. However, it also saw a need to bring its technology to businesses of all sizes, including legal, accountancy, estate agents, branch or high street professionals, and corporate in-house compliance teams.

Ryan Morrison, chief operating officer at TruNarrative, said: “We see the professional services space as being underserved in their compliance requirements.

“TruPortal delivers a super low entry cost of less than £500 and no cap on users, allowing firms to rapidly obtain the information they need to compliantly onboard and engage with their clients.”

John Lord, CEO of TruNarrative, added: “With one of the lowest entry costs in the market, and a unique self-service approach, TruPortal is accessible to smaller firms and those with low-volume customer bases – an area which is currently under-served and under increasing regulatory scrutiny.

“In 2016 we launched our unified platform for financial crime compliance, and we disrupted the marketplace and changed the game. Our new product TruPortal is set to do the same for the high street professional services market. This is a space that needs innovation but hasn’t seen it in too long. With TruPortal, we’re planning to transform and massively improve the way that high street businesses verify their clients.”