Australian Company Clearview Adopts Napier Technology To Fight Financial Crime

KUALA LUMPUR, Dec 7 -- Napier, provider of leading anti-financial crime compliance solutions, announced that Australian financial services company, ClearView, has adopted its AI-enhanced technology to support anti-money laundering (AML) activities.

According to a statement, the technology will enable ClearView to gain better insights into its customers and identify suspicious behaviour more efficiently while having complete ownership over its AML platform.

Napier’s Client Screening, Transaction Monitoring and Client Activity Review solutions have been designed to provide a holistic view of every customer so that compliance teams, with AI-assistance, will more easily identify any activity that falls outside of typical customer behaviours and may be linked to money laundering activities.

ClearView is a leading provider of life insurance and wealth management products.

Alan Olcayto, Head of Compliance at ClearView, said: “As financial services becomes more complex, it is critical to have a solid and future-proofed AML platform for the most rigorous compliance. Napier’s solution has additional capabilities for when we need them, and the full managed service means huge savings in time and effort for our IT team.”

Napier already provides AML and counter terrorism-financing capabilities for Australia Post and is the trusted partner for other APAC-based financial organisations including Data Action and Qashier.

Its presence in the region was further strengthened earlier this year with the opening of a new Kuala Lumpur base, adding to its offices in Australia, Singapore, UK, North America and Dubai.

Robin Lee, Head of APAC at Napier, said: “It’s incumbent on financial organisations to have the most robust RegTech possible, which is where we come in. This is a now not only a prerequisite for growth, it creates competitive edge through enhanced trust. We’re delighted to be able to partner with ClearView on this.”

-- BERNAMA