- Concentrix Corporation and Napier AI are teaming up to help companies enhance their anti-money laundering and counter-terrorism financing operations.
- Integrating Napier AI’s compliance platform into Concentrix’s network of financial crime capabilities will enable businesses to boost their fraud prevention efforts with banking-grade, AI-powered solutions.
- Napier AI made its Finovate debut at FinovateEurope 2018. The London-based financial crime prevention specialist was founded in 2015. Greg Watson is CEO.
A new collaboration between Concentrix Corporation and financial crime specialist Napier AI will deliver advanced, AI-powered anti-money laundering (AML) solutions to companies in banking and financial services, as well as Tranche 2-impacted firms across Australia and New Zealand.
The collaboration adds Napier AI’s compliance platform to Concentrix’s network of financial crime and regulatory technology capabilities, leveraging intelligent transformation, data, and operational excellence to enable companies to transform their fraud prevention and financial crime operations with banking-grade, AI-powered AML and sanctions screening capabilities. The partnership will help companies detect and stop financial crime with greater accuracy and speed, reduce the risk of false negatives, lower the number and frequency of false positives, use automation and intelligent workflows to streamline compliance processes, and enhance regulatory reporting and audit readiness.
“Nobody should have to choose between effective compliance and business growth,” Napier AI Head of Asia Pacific Ron Mullins said. “By partnering with Concentrix, we’re combining cutting-edge AI technology with global scale and transformation expertise to help organizations across ANZ rethink how they approach financial crime—making compliance smarter, faster, and more trusted.”
Designed for banks and credit unions, the collaboration will also benefit Tranche 2-impacted firms such as real estate agents, accountants, legal practitioners, and other professional service providers. These entities are expected to be subject to AML and counter-terrorist financing (CTF) regulations once Tranche 2 of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms is fully implemented. Tranche 1 of the framework, which focuses on traditional financial institutions like banks, credit unions, and money transfer services, was implemented in 2006.
“Financial crime compliance is at a pivotal moment in ANZ, where institutions must balance increasing regulatory demands with the need to deliver seamless customer experiences,” Concentrix GVP of Growth for ANZ Dhiraj Kumar said. “Our collaboration with Napier AI enhances our broader ecosystem of capabilities, strengthening our ability to deliver intelligent, tech-powered solutions that help clients stay ahead of financial crime while driving operational efficiency and innovation.”
A global technology company, Concentrix Corporation helps more than 2,000 clients solve business challenges via a combination of unique data and insights, deep industry expertise, and advanced technology solutions. An intelligent transformation partner and member of the Fortune 500, Concentrix serves companies in verticals ranging from banking and financial services to healthcare, e-commerce, energy, transportation, and more. The firm recently unveiled its immersive experience center, iX360: a hands-on environment that gives clients the opportunity to see technology in action and understand how it supports customer and operational needs.
Napier AI made its Finovate debut at FinovateEurope 2018. At the conference, the company demonstrated its customer screening and transaction monitoring enhancement software, which boosts the performance of legacy AML and client screening solutions. The company’s flagship solution, the Napier AI Continuum platform, integrates multiple compliance solutions into a single dashboard and provides cloud-native, API-first architecture to ensure low-latency performance without disruption during transaction spikes. Founded in 2015, Napier AI today is trusted by more than 100 institutions around the world, with clients including Banco do Brasil, NVIDIA, and State Street. Greg Watson is CEO.
Photo by Anthony DELANOIX on Unsplash