Napier AI

The UAE lost 9.32% of its GDP to financial crime in 2023. The Napier AI / AML Index also found that around $350 million USD could be saved if financial institutions in the region adopt AI in their AML practices. 🚀 With the publication of the National AI Strategy 2031, the AI Ethics: Principles and Guidelines and its Digital Economy Strategy – the UAE is already leading the way towards this. 🔍 Discover the global leaders and opportunities in AI-driven financial crime prevention, link to the Index in the comments. #AI #AML #FinancialCrime #GlobalReport #Innovation

One of the most humbling and privileged moments of my career to date. Today, on behalf of Napier AI and RAW Compliance I have the honour of speaking at the #UNODC on a topic that resonates deeply with me: information sharing and gender considerations from the perspectives of FIUs, law enforcement, and prosecutors. The discussions here are both heartbreaking and urgent. The human toll of #financialcrime on the #vulnerable—especially women and children—is harrowing. It’s a stark reality that 71% of #traffickingvictims are women. This is more than statistics; these are lives impacted in unimaginable ways - unimaginable! We need to move beyond #sterilediscussions and take real, impactful steps to protect those at risk. Frankly, I’m tired of just talking about the issues. Now is the time to push for #tangiblechange. Starting with #genderspecific #risktypologies is one step. But we must go further—Public-Private Partnerships (#PPP) must evolve to foster real outcomes that go beyond talk of trust and transparency. As we move forward, we need the right people with the right expertise at the table. Every sector has a role to play. #Collaboration is essential, as we work together to build #comprehensive, #inclusive, and truly #effective approaches. “Change happens when we refuse to accept that the way things are is the way they must remain.” Marcus Pleyer we’re counting on #AMLA to take up the challenge and lead the way in delivering the impactful, global defining AML and CFT oversight that the world urgently needs - and you are the best and most informed leader we have in our space to achieve this! The #EU will lead from the front! This is about stepping forward with a new level of leadership, one that advances both information sharing and the integration of technology to make a real difference. The opportunity to reshape our global response is here—let’s make it happen.

Exciting News! Our Chief Data Scientist Dr Janet Bastiman will be speaking at NextGen AI on November 26, 14:00 – 14:30! Join us for an insightful panel, 'What Myths Should Be Busted?' where we dive into the role of humans in AI and the crucial need for transparency in AI applications. 🔍 In a world where AI is growing more influential, our expert will discuss why ethics, explainability, and auditability are essential. As the industry adopts AI, a shift is needed to embed these principles, ensuring humans stay at the center of decision-making. It’s not about replacing human roles but enhancing them—AI should be a powerful tool that we can trust and understand. The key? Managing bias and building data-sensitive teams that empower AI as an enabler, not a replacement. 💡 Let’s break down the myths and pave the way for an augmented, transparent future in AI! #NextGenAI #AI #ExplainableAI #AIinFinance

We're thrilled to be hosting a panel at Financial Crime 360 on November 19th, from 1:20 PM - 1:40 PM on 'Beyond the AML Checklist: A Guide to Future-Proofing Your AML Systems.' With AI becoming a powerful force in AML, it's essential to understand how to harness this technology effectively and responsibly. The panel will be moderated by our very own Oonagh van den Berg (Lady) 🐦🔥 and we will be joined by industry experts Jo Phizacklea, MLRO at JPMorganChase, and Nicola Poole, Head of 1st Line Financial Crime and Fraud at Barclays. Together, we’ll explore: 🔹 Leveraging AI for effective AML strategies 🔹 Practical steps to future-proof your AML systems 🔹 Key insights on building resilience and adaptability in compliance We hope you’ll join us for this invaluable session to stay ahead in the fight against financial crime! #AI #AML #Financialcrime #Risk #Compliance

We’re excited to have the Napier AI team in NY for the Transform Finance #TransformFinance FinCrime Leaders Summit on 19th November! Join us for an interactive roundtable with our Chief Strategy Officer, Araliya Sammé, 'From Promise to Practice: Delivering automation and regulatory compliance with AI'. Interested in learning more about the role of AI in AML compliance automation and decision-making? Come and chat to the team onsite! 🤝 Tyler Curry Brandon Lee Jake Fernandes ☁️Jay S. Shana Leyva #AI #AML #Financialcrime #Compliance

Attending ACAMS The Assembly Canada on November 6? 📅 Mark your calendar for an exclusive evening reception with Napier AI and the Canadian RegTech Association. Network with RegTech and Fintech founders, top executives, key players from the financial services industry, legal and consulting experts, and even some of our friends from regulatory supervision. 📍 Location: The Alcove at CIBC Square, Toronto 🕔 Time: Wednesday, November 6th, 5:00-7:30 PM We look forward to seeing you there for an evening of insightful conversations and connections. Paul Childerhose Donna Bales Tyler Curry Shana Leyva Jake Fernandes ☁️ #AI #AML #Compliance #ACAMS #Financialcrime #Regtech

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