Napier Continuum, an Advanced Financial Crime Risk Management Platform

Summary: Napier launched a new advanced financial crime risk management platform that offers high levels of automation whilst improving the efficiency and accuracy of financial crime compliance programs for regulated organisations of all maturity levels.

FREMONT, CA: In order to increase the effectiveness and accuracy of financial crime compliance programmes for regulated organisations of all maturity levels, Napier, a leading provider of anti-money laundering and compliance technology, introduced a new advanced financial crime risk management platform today. This platform offers high levels of automation.

Napier Continuum is revolutionising financial crime risk management (FCRM) technology with its highly scalable and adaptable platform. Optimising present risk operations and scaling seamlessly as organisations handle new, unknowable future risks is expected to be the first end-to-end AI-enhanced platform designed with modern financial markets in mind.

Organisations can adapt to emerging threats and laws with faster decision-making and greater accuracy in investigations to powerful AI and automation incorporated throughout the platform, supported by low-code/no-code rules and sandbox environments.

Napier Continuum, which is based on next-generation technology, offers a dynamic and comprehensive view of financial crime risks while enhancing operational effectiveness and lowering the total cost of ownership. With full STP to third-party and proprietary applications like AML, KYC, Fraud, and CRM systems, Continuum provides access to the entire suite of Napier's financial crime compliance products, including Perpetual Client Risk Assessment (p)CRA, Transaction Monitoring, Screening, and Risk Assessment tools.

By understanding the key struggles financial institutions have in streamlining financial crime compliance operations, they've invested in a unifying AI-enhanced solution with exceptional levels of automation to help spot suspicious behaviour more effectively and support oversight of compliance risk throughout the enterprise, said Will Monk, Napier's Chief Product Officer, who has 20 years of experience from companies like NatWest, HSBC, and Barclays.

Within the sector, Napier Continuum is exceptional for its versatility. Customers will have the choice to implement Napier Continuum as an end-to-end platform, point solution, or as an aggregation layer to supplement existing systems, so there is no need to tear and replace current solutions. In accordance with the client's needs, Napier Continuum can also be set up on-premises or in any cloud environment as a fully managed SaaS.

Through (p)CRA, its dynamic risk assessment package, which enables an automated continuous examination of all risk elements over the client lifecycle, Napier Continuum also offers new, extraordinary continuing risk assessment capabilities.

Greg Watson, CEO of Napier, stated that criminals constantly modify their tactics in reaction to technology advancements, but financial crime risk management systems have been slow to catch up. For this reason, they are so delighted to introduce Napier Continuum. It is a superior solution that organisations can customise to suit business and regulatory requirements while catching evolving financial crime risks thanks to features like (p)CRA and high levels of automation.