Napier AI

AI. The golden bullet? The buzzword? The tool that finally puts AML, risk, and compliance teams in front of illicit criminal activity? Around the world, financial institutions are utilising AI, but at what cost? And for what reward? Introducing the Napier AI / AML Index for 2024-2025. In collaboration with GlobalData Plc, we conducted research into: 🌎 Global attitudes towards AI 👩💻 The impact AI has by country on the fight against financial crime 💰 How the cost of compliance balances against AI investment Want to know where your country ranks? Read the full report now, link in the comments! #AI #AML #Financialcrime #Globalreport

The Napier AI team had a fantastic few days up in Copenhagen, where we delivered the latest in our Disrupt FinCrime series - alongside our partners in FinCrime, Babel Street. We had full attendance for our hosted round table discussions and evening session, focused on Sanctions Compliance and the Effectiveness of Deploying AI across the Nordics. The debate on transparency, efficiency and an underlying need for regulatory steer and guidance on the application of AI for screening was ever present - across participants from banking, insurance, payment service providers and asset management / fund administrators. In his opening address, the Napier AI Chief Executive Officer, Greg Watson, reinforced the importance of using AI in alignment with an institution's specific risk appetite and compliance needs. Only then can you understand the potential for increased accuracy, operational efficiency and more robust controls. "This is a journey our FinCrime community is taking together, by sharing Napier’s best practice and experience, we hope to accelerate your pathway to consistent and compliant outcomes when using AI for Sanctions Screening." A lot of brilliant use cases and scenarios shared by industry leaders in attendance, Copenhagen and the Nordics are on the front foot. Even more ideas to enrich and develop the Napier AI product road-map, as we commit to providing best in class Next Generation Screening Solutions. Until next time. Tak 🇩🇰 Finally, a massive thank you to our marketing legend Blanca Barthe Ramos and our Regional Lead for the Nordics Sebastian Vedel - first class, as always. Greg Watson Andrew Engledow #NapierEverywhere #Copenhagen #Denmark #Nordics #DisruptFinCrime #SanctionsSreening #AI #Community #IndustryLeaders

🏐 The Napier AI team recently swapped keyboards for volleyballs to participate in the AFK Volleyball Tournament at Canary Wharf. Together with other dedicated teams, we spiked, served, and scored in the London rain— all to raise funds and awareness for a fantastic charity. Virginia Bianco, Jacob Gloser, Christos Charalampidis, Luke Townsend, Gabriele Trevisan, Jon Hoag, Igor Sidorin #Volleyball #Charity

The Financial Conduct Authority (FCA) recently called on financial institutions to improve their treatment of politically exposed persons (PEPs). The proposed ‘appropriate, but proportionate’ measures from the FCA include: 🎯 Reflecting the new legal starting point that UK PEPs should be treated as lower risk, and; 🎯 Giving greater flexibility on sign-off on PEPs relationships. Read Napier AI‘s full consultation response from our Global Head of Product Strategy, Oonagh van den Berg (Lady) 🐦🔥 https://hubs.li/Q02VQblw0 #aml #fca #peps #uktech

It was great to have the Napier team onsite at the International Anti-Financial Crime Summit last week. There were some particularly topical insights on the need for a holistic view of AML rather than a siloed approach and the growing importance of the need for awareness of typologies. Thanks for having us AMLintelligence.com - see you at the next one! Greg Levene #AML #Typologies #Financialcrime #Compliance

Thrilled to announce our partnership with Napier AI! By combining our strengths, we’re setting the stage for next-level innovation in fraud prevention and AML. Looking forward to what we’ll achieve together to combat online fraud. 💪 #FraudPrevention #AML #Partnership

Our AML solutions are now enhanced by ThreatMark’s behavioural fraud detection capabilities! Napier AI and ThreatMark’s joint platform will provide financial institutions with a real-time 360° view of customers, empowering them to respond to fraud and risk with precision while ensuring regulatory compliance. "This partnership enhances the way financial institutions protect themselves and their customers. By combining ThreatMark’s behavioural biometrics with Napier AI’s cutting-edge AML capabilities, we offer a robust defence against the most complex fraud schemes, while also providing dynamic, real-time risk assessment of clients’ behaviours and transactions," says Michal Tresner, CEO ThreatMark. Link in the comments. Michal Tresner Araliya Sammé Chris Neville Kate Burwood #fraud #aml #fintech

Our very own Dr Janet Bastiman is featured in the AML Megaminds report by Strise! As a guest on The Laundry podcast, Janet joined over 80 other experts to provide fresh perspectives on the challenges and advancements shaping the future of financial crime fighting. The AML Megaminds Report is built on 60+ hours of podcast conversations and 370,000 words, bringing together the most experienced voices in financial crime and making it a go-to resource for professionals. Why read this report? Learn from industry leaders: - Chief Compliance Officers, MLROs, data scientists, law enforcement officials, and more. - Explore expert views on the effectiveness of current anti-money laundering measures. - Discover the top mistakes in AML compliance that could leave businesses exposed. - Get insights on emerging financial crime trends for 2025 and beyond. 👉 Download the report here:https://hubs.li/Q02SZCpR0 #AI #AML

How do you tackle complex circular transactions involving multiple intermediaries, accounts and entities? Network analysis and graph databases are your answer to visualise and resolve multiple disparate data records, to identify complex, suspicious activity in AML. Read our latest blog from Lu L., Data Scientist at Napier AI: https://hubs.li/Q02SVPVV0 #aml #networkanalytics #fincrime

🚨 Session Spotlight: AI as a Cybersecurity Risk 🚨 Join us at the Technology Leaders Conference, Europe 2024 for "AI as a Cybersecurity Risk," an eye-opening session for those concerned with the evolving landscape of cybersecurity threats in the AI age. 💡 Speaker: Dr Janet Bastiman, Chief Data Scientist, NaperAI While AI offers immense potential to make our lives more efficient, it also brings significant cybersecurity risks. This session will explore the dark side of AI, from phishing scams to identity manipulation, and how these threats could transform the security challenges we face. Can we really trust the person on the other end of a team call? Key takeaways include: ♦️ The risks AI poses to cybersecurity ♦️ How AI is used in phishing, identity theft, and more ♦️ What technology leaders need to know about managing AI-related risks Don’t miss this crucial session on protecting your organisation in the age of AI! 👉 Register for FREE today! 🎟️https://lnkd.in/e9JZwvNX #TechLeaders2024 #CyberSecurity #AIAndRisk #DigitalTransformation #FreeVirtualConference #CyberThreats #LeadershipInTech Andrew M. Andrew M. EJ H. Anna Slater