Nick Portalski, our Chief Solutions and Security Officer had the pleasure of joining The Laundry podcast with Fredrik Riiser from Strise, diving into all things transaction screening and AML compliance. Here are a few of the key points we covered: 1️⃣ Transaction Screening: Quick, Real-Time Decisions Think of it like stopping a payment at the last second—it’s all about identifying red flags right now. It’s not the same as transaction monitoring, which looks at patterns over time. 2️⃣ The Problem with Over-Screening Many institutions are running the same transaction through multiple screening layers, leading to false positives. We need to focus on screening smarter, not harder. Fewer false positives means fewer manual reviews and faster approvals. 3️⃣ Cross-Border Payments Are a Growing Challenge Real-time payments across different countries mean navigating a web of regulations. Simplifying this process with standardised screening practices is crucial for the future. We’re at the tipping point where tech, regulation, and compliance must come together in a smarter way. Check it out here 🎧 https://hubs.li/Q02RZ3PL0
Napier AI
Software Development
London, Greater London 16,382 followers
Our AI-driven AML solutions transform financial crime compliance from legal obligation to competitive edge.
About us
We are compliance technology specialists. Our platform is founded on broad experience and deep expertise; and our products increase efficiency and minimise risk by successfully combining big data technologies with AI and machine learning. It all adds up to the world’s first truly intelligent compliance platform. But tech is only half the story. Our intelligent approach is applied to underpin your policy, process and procedure, so you can focus on specific outcomes. The Napier platform is fast, scalable and easily configurable, as well as user-friendly. It rapidly strengthens your AML defences and trade compliance capabilities, while meeting your company’s compliance obligations and challenges in any sector.
- Website
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http://www.napier.ai
External link for Napier AI
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- London, Greater London
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Big Data, Machine Learning, Business Process Management, Anti-money Laundering, FCPA, Business Decision Management, AI, Transaction Monitoring, Sanctions Screening, Payment Screening, Compliance Technology, AML, Transaction Screening, and Regulatory compliance
Locations
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Primary
1 Poultry
London, Greater London EC2R 8EJ, GB
Employees at Napier AI
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Warren Zafrin
Strategic CTO | Visionary Technology Leader | Expert in Driving Business Growth through Innovation | Transformative Success in PE and Publicly Traded…
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James Dunbar
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Garry Harrison
Chief Executive Officer - Banking and Capital Markets | Technology | AI | Fintech | BaaS/ SaaS | Scale up | Go To Market | Strategy | Funding |…
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Rob Davies
APAC Leader I Fintech I SAAS I Financial Crime
Updates
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Last week Napier AI’s William Monk joined Dow Jones for a ‘Power Hour’ Session at ACAMS The Assembly Las Vegas to discuss the impact of instant payments on compliance. The panel dove into guidance from OFAC about how to apply its sanctions compliance policies from a people, process, and technology perspective. If you couldn’t join us in person, read our recent blog where we cover how financial crime compliance teams can tackle the biggest sanctions screening challenges while instant payments grow and explore the 3 reasons why payments institutions need NextGen Screening: 🚀 1. Manual and legacy systems are slow to run, and struggling to keep up with payment transaction volumes. ⚡️ 2. Opaque algorithms based on thresholds and legacy technology are not providing the explainability regulators need to operate effectively. ☄️ 3. The complexity of name screening can be easily manipulated by financial criminals. Read the blog: https://hubs.li/Q02RPN2f0 #NextGenscreening #AML #payments Michael Heller Carl Case
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We’re delighted to share that we have another addition to add to our experienced executive team! Join us in welcoming industry expert Warren Zafrin as our new Chief Technology Officer, Warren is an experienced technology leader with over ten years' experience in the financial services space. Warren will work to advance the company’s leadership position in the fight against financial crime through integrating AI technologies and strengthening the speed and precision of financial crime detection, helping financial institutions stay ahead of increasingly sophisticated criminal networks. A big welcome from us Warren, we’re excited to have you on board 🤝 Learn more in our latest press release, link in the comments. #AI #AML #FinancialCrime #Compliance
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What a success! Last week, we hosted the Napier AI Exchange in London, bringing together our incredible customers to discuss the future of AI-driven solutions. 💡 We shared our latest innovations and got invaluable input from our customers that will shape the future of our platform. It was a fantastic opportunity to bring together our valued customers for an engaging session of insights, collaboration, and feedback on our product roadmap. We're especially proud of the positive feedback on our Napier AI sandbox, particularly from Vlad Nunes and Bruno Pereira Carneiro. A huge thank you to everyone who joined us – your ideas and feedback are instrumental in shaping our journey and we value your time! Salt Bank, Banco do Brasil, Quilter, IQ-EQ, 3S Money, ClearBank, Checkout.com, Starling Bank, Weatherbys Private Bank, SS&C Technologies. For those who couldn't make it we'll see you at the next one! 🌟 #CustomerCollaboration #ProductInnovation #AI #AML
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A big thank you for hosting us Intersekt for your 2024 event, it was great to take part in the panel Responsible AI with industry experts @Emily Quiao, Dan Jovevski and Gordon Campbell. Our Global Head of Client Solutions Kevin McGuinness delivered some valuable insights on AI readiness, business models, and risk management: 💡 Don't Join the AI Race Blindly: Many organisations adopt AI because it's trending, without understanding its workings, impact, or risks. New technology should enhance compliance or processes, not create new blind spots. ⚖️ Regulatory Environment: The global AI regulatory landscape is scattered, but the focus is on explainable, transparent AI. Australia has voluntary AI Ethics Principles since 2019. The UK, Singapore, and the EU are leading with pro-innovation frameworks and ensuring explanations for AI-driven decisions. 📊 Auditing AI Data: AI should be trained, supervised, and regularly audited. Blindly trusting AI's data sources can lead to risks. Oversee outputs and provide feedback for reliability. 🔍Explainability is Key: AI must be explainable and auditable, especially in critical areas like financial crime compliance. #AML #AIRegulation #Intersekt2024 #AIExplainability
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UK in Australia thanks for having us, the team thoroughly enjoyed the sessions! See you at the next one!
Our trade team has had two jam-packed days in Melbourne showcasing the UK's #fintech expertise and strong opportunity for growth at Australia's largest fintech festival #Intersekt2024. 🚀 To kick things off, the team organised breakfast for an incoming group of New Zealand and UK companies operating in Australia to discuss differences between the Australian, NZ and UK markets, and share market expansion experience and innovation in the fintech space. 💬 It was great to see Kevin McGuinness, Napier AI's Global Head of Client Solutions, and Ripjar’s Steve Berichon giving a UK perspective on a responsible #AI governance and ethics panel. UK industry body FDATA Global was also represented by Jamie K Leach (MAppFin - GAICD), FDATA A&NZ's Regional Director on the ‘Government Use Cases for Consumer Data Right: Australia and the UK’ panel. 🌐 We also hosted two roundtable discussions moderated by King & Wood Mallesons' Hannah Glass and opened by Consul-General Steph Lysaght. The first delved into the UK's leadership in #OpenBanking, examining both its success, challenges and opportunities for international collaboration and scaling. The second discussion focussed on the intersection of AI technology and regulatory changes, in particular how UK anti-money laundering strategies and financial crime prevention expertise can be adapted in Australia. Learn how we can help grow your fintech business to the UK 🇬🇧 in two minutes at bit.ly/EYB_Australia #GREATTechnology #ExpandYourBusiness Intersekt Fintech Festival, FinTech Australia, Francis Gonzaga, Kirsty Whitford, Tanya Williams, Oonagh Lewis, Janette Munday, Jeannie Lum, Department for Business and Trade, GREAT Trade and Investment
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💳 Do instant payments mean instant compliance? Join us next week live at ACAMS The Assembly Las Vegas with Dow Jones Risk & Compliance and EY to learn how to balance OFAC guidance with consumer expectations, as the payments landscape continues to evolve. This session will examine how data and technology can enable compliance professionals to deploy a program consistent with the risk-based approach outlined in OFAC’s Sanctions Compliance Guidance for Instant Payment Systems. 🎤 Listen to insights from William Monk, Michael Heller and Carl Case on September 23, 3:55pm – 4:45pm. Jake Fernandes ☁️ Shana Leyva Tyler Curry Joel Borsh #AML #AI #Payments
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Napier AI reposted this
Next week we'll be at #Intersekt2024 in Melbourne! 📣 Australia's largest #fintech festival brings together fintech leaders from around the country and the world, including from the UK, for panel discussions, roundtables, workshops and extensive networking opportunities. We're excited to announce that Kevin McGuinness, Napier AI's Global Head of Client Solutions, will be addressing attendees on a responsible #AI governance and ethics panel. Kevin leads a global team of experts in technology and regulation, and brings over 20 years of experience in financial services. "Since its inception in 2015, Napier AI's purpose is to make the world a safer place through intelligent compliance," said Kevin. "As a UK company, Napier AI has experienced strong success in Australia largely due to the UK and Australia governments' commitment towards facilitating market access, unrestricted data flow, strong regulatory frameworks, and nurturing a highly-skilled talent pool. The synergies between the two countries is integral in driving technological innovations and policy enhancements to bring about a positive effect on the local communities." ✈️ "For my upcoming trip to Australia, I am looking forward to networking and sharing ideas with fellow peers across the Fintech ecosystem and catching up with friends at Intersekt!" #GREATTechnology Intersekt Fintech Festival, FinTech Australia, Francis Gonzaga, Kirsty Whitford, Tanya Williams, Steph Lysaght, Oonagh Lewis, Department for Business and Trade, GREAT Trade and Investment, Anson Sim
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Interested in learning about the governance and ethics of AI? Join our very own Kevin McGuinness at Intersekt Fintech Festival in Melbourne on September 18 on the panel ‘Responsible AI’. Listen to discussion on the broader ethical considerations of deploying AI in financial services and regulatory considerations in the rapidly evolving AI landscape. We’re excited to join Gordon Campbell, Dan Jovevski and Emily Qiao. Don’t miss out on Australia’s biggest and most thought-provoking Fintech festival, Intersekt 2024, on the 18 - 19 September! 🚀 Rich Data Co, WeMoney, Google. #AI #AML #Intersekt2024
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Going to be at ACAMs Las Vegas this September? Step outside for fresh air and fresh ideas: discover the power of name matching from Napier AI and Babel Street. Meet us poolside for refreshments all day⛱. Space is filling up, book yours here: https://hubs.li/Q02Phg3r0 #AML #AI #ACAMs #ACAMSLasVegas
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