How they describe themselves: Napier has built an end-to-end anti-money laundering (AML) transaction monitoring and client screening platform for use in both financial services and related industries that require AML oversight. Napier are innovators in AI and machine learning in the AML space. Our technology both plugs holes in current legacy AML and Client Screening products while extending their usable shelf life, and provides a forward-looking Smart tech solution that takes advantage of technological advances to significantly reduce operational risk and cost.
How they describe their product/innovation: Napier’s Customer Screening and Transaction Monitoring Enhancement software enables organisations to significantly improve the performance of their current operations and processes. We take your alert list (false positives) into our software and reduce these automatically by up to 80%. Whether this is done as an augmentation to your current software, or as a replacement, these results can be improved further over time using machine learning. All of this is fully auditable within white box.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed