KUALA LUMPUR, Aug 11 -- RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that cross-border payment specialist ONEPIP will use its technology as part of ONEPIP’s upgraded anti-money laundering (AML) controls.
Napier’s AI-led Transaction Monitoring, Client Activity Review and Risk-Based Scorecard Review will give ONEPIP a systematic, intelligent review of all its transactions and customer profile data to help identify suspicious activity quickly and easily, creating a robust compliance solution.
In a statement, Head of APAC at Napier, Robin Lee said: “Financial services organisations continue to face mounting pressures to ensure that their regulatory compliance measures are constantly up to date and robust enough to identify any potential criminal activity, or face huge fines.
“With Napier’s advanced and intelligent technology, this can move from being a mandatory duty to a competitive edge.
“ONEPIP’s new solution enhances its regulatory compliance regime to further strengthen its position as the trusted cross-border payment specialist in the region and beyond.”
Named as Best AML/CTF Solution in the Regulation Asia Awards for Excellence last year, Napier works with financial organisations worldwide to provide an AI-led platform for intelligent AML and trade compliance.
Its presence in APAC was further strengthened earlier this year with the opening of a new Kuala Lumpur base, adding to its offices in Singapore, London, North America, Australia and Dubai.
-- BERNAMA
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