NEWS
Graydon launches UK’s first solution to
unlock fraud DNA
organisations are looking for faster, more accurate detection and
prevention methods than standalone solutions currently provide.
Underpinned by the expertise of TruNarrative’s data science and
technology teams, combined with the predictive capabilities of
Graydon’s data, Graydon Detect exposes, prevents and combats
fraud, by providing its consortium members with accurate, real-
time insights and draws upon Graydon’s deep domain expertise in
high-risk industry sectors including financial services, insurance, IT,
petroleum and construction.
G
raydon, a leading provider of business data, insights and analytics
in Europe, has announced a strategic technology partnership
with global financial crime experts, TruNarrative. The partnership will
provide a corporate anti-fraud solution to the business community.
Graydon Detect is the first solution of its kind in the UK.
It is a pivotal time in the fight against corporate fraud (estimated to
have cost UK businesses £125 billion in 2017, up 43% since 2008). With
fraud on the rise and methods becoming increasingly sophisticated,
The platform also allows for the integration of third-party data
sources, meaning users can supplement Graydon’s insights with
complementary data sets from any supplier, allowing maximum
flexibility while optimising fraud detection capabilities.
The partnership operates on a reciprocal basis and sees TruNarrative
integrating Graydon’s extensive international business database
used in trade credit, supplier management and corporate risk
identification, this further strengthens the TruNarrative platform and
its ‘App Store’, a gateway to 40+ integrated third-party data services
for the prevention of financial crime and provides insights on more
than 160 countries.
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SteelEye selected for inaugural UK
government FinTech programme
S
teelEye, the compliance technology and
data analytics firm, has announced that
it has been selected as one of 20 companies
in Tech Nation’s first inaugural FinTech
Programme, part of HM Treasury’s FinTech
strategy to support the development of fast-
growing tech companies.
The five-month programme supports the
growth of the top 20 most promising
early-stage FinTech companies across a
wide range of regions in the UK. Through
the programme, SteelEye will gain exclusive
access to some of the most successful and
inspiring entrepreneurs and field experts
in the FinTech space, who will be available
to advise on many aspects of managing
a high-growth business, including scaling
challenges, partnerships and international
expansion. The scheme will culminate
with a networking trip to the US to meet
potential North American-based investors,
clients and partners.
www.intelligentcio.com
With over 100 applications, selection was
a highly competitive process. SteelEye was
chosen as part of the Tech Nation cohort due
to its dedication to innovation in the financial
sector and demonstration of the true value
of FinTech in improving the operations of
financial services. The 20 firms selected to join
the first cohort operate across a wide range of
areas, including payments, financial inclusion,
regtech, AI, SME financing, open banking and
cryptocurrencies. Matt Smith, CEO of SteelEye,
said: “We are delighted to have been selected
by Tech Nation as part of its exclusive FinTech
Programme – its very existence demonstrates
the transformative impact that UK FinTech
firms are having on the international financial
services sector and our inclusion is testament
to the important work that SteelEye is doing.”
INTELLIGENTCIO
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