Cifas joins TruNarrative platform

TruNarrative has created a direct link to Cifas, the UK’s leading fraud prevention service, so that its members can now integrate Cifas data with fraud insight, decisions and case management systems all in one place. The Cifas integration will be made easily available via the TruNarrative App Store and can be used seamlessly alongside other, complementary checks.

This important link will enable members and potential members to enhance their decisions and manage workflows effectively. TruNarrative has developed this new and unique integration with Cifas to enable the following:

• Access all the latest data offerings from Cifas' National Fraud Database; 
• Make more accurate decisions by filtering on granular pieces of information through the natural language rule builder;
• Integrate Cifas data and insight into the TruNarrative scorecard for speedier decisions;
• Directly Autofile fraud cases to Cifas, thus saving processing time;
• Reduce referral queue times and manage workflows through a single case management solution.

John Lord, founder and CEO of TruNarrative, commented:
"Cifas has been the leading light in fraud prevention for almost 30 years and we believe that TruNarrative’s integration with its service will produce the perfect partnership for our customers. 

“Working with Cifas will really complement the TruNarrative experience and produce a very valuable service for existing and new clients alike.”

Mike Haley, Deputy Chief Executive at Cifas commented:
“We are always looking at new and innovative ways to help our members combat fraud. Therefore we are delighted to be partnering with TruNarrative to offer our members more choice in how they access Cifas data and our products.

“With over 400 members spanning banks, insurers, lenders, telecoms providers, charities and the public sector we are the largest organisation that shares fraud data across industries to tackle financial crime. In 2016, for the fourth year running, our members prevented over £1 billion of avoidable fraud losses by using our databases.”

Customers can benefit from our new partnership with TruNarrative straight away. To get started with TruNarrative, you can benefit from their free monthly Fraud Analytics Reporting.

About Cifas

Cifas (pronounced ci like eye, fas like mass) exists to prevent fraud and financial crime. We are an independent, not-for-profit membership organisation that protects businesses and individuals through effective and secure data and intelligence sharing between the private, public and third sectors. In 2016, Cifas member organisations prevented over £1 billion of fraud losses. Cifas data is included in the Office of National Statistics England and Wales Crime Statistics of police recorded crime. Every day, we send approximately 800 fraud cases to the City of London Police for potential investigation. Cifas also offers Protective Registration for individuals whose identities are at risk of being used fraudulently, for instance after a burglary. We also run a scheme called Protecting the Vulnerable, offered free of charge to local authorities to protect those under the care of Court Deputies who are unable to access financial products and whose identities may be at risk.

About TruNarrative

TruNarrative was founded in 2016 with a single mission: to make safe commerce simpler. With a head office in Leeds, TruNarrative also has offices in London, New York and Singapore. TruNarrative aims to transform the fraud, identity, KYC and AML process by continually providing products built on state-of-the-art technology, bringing the best of data science to ambitious companies of all sizes. TruNarrative – exactly who, what and when.

Contact us at press@cifas.org.uk