What is Napier AI?
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Founders: Julian Dixon and team
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Launch Year: 2015
- Headquarters: London, United Kingdom
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Use Cases:
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Anti-money laundering (AML) compliance
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Customer and transaction screening
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Transaction monitoring and suspicious activity detection
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Client risk assessment and profiling
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Technology:
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Artificial Intelligence and Machine Learning
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Predictive analytics for pattern recognition
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API-based integration for seamless system connection
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Scalable cloud and hybrid architecture
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Napier AI is an AI-powered legal platform that employs AI technology for complex compliance to help financial institutions combat financial crime with innovative sophistication. It combines transaction monitoring and transaction screening with risk assessment and transaction workflow in one intelligent platform. Napier AI is powered by the most advanced machine learning and automation to enhance detection accuracy, reduce false positives, and increase compliance efficiencies. Napier is scalable and flexible, and it can be cloud-based, on-premise, or hybrid. The workflows are linear, and the analytical insights are real-time, allowing regulated firms to stay ahead of an expanding risk base and increasing regulatory complexity of AML compliance. Napier demonstrates how to take compliance from a regulatory burden and turn it into a competitive edge.
Key Features
Napier AI key features are
- Customer and transaction screening powered by AI
- Compliant alerting through effective monitoring in real time
- Adaptive rules and machine learning-based models
- Unified compliance function dashboard
- Test and refine your rule logic in a sandbox
- ISO 27001 certified and SOC2 Type 2 compliant.
- Flexible, scalable deployment options (cloud, on-premise)
- Intuitive user interface for analysts and compliance teams
Pricing
- Entry-level subscription
- Professional tier
- Enterprise pricing custom
Disclaimer: For the latest and most accurate pricing information, please visit the official Napier AI website.
Who is using it?
A wide range of users and organizations are using Napier AI
- Banks and financial institutions
- Fintech companies and digital payment providers
- Wealth management, insurance, and lending firms
- Compliance teams
Alternatives
Some Napier AI alternatives are
- NICE Actimize
- SAS AML
- FICO TONBELLER
- Featurespace ARIC Risk Hub
- ComplyAdvantage
Conclusion
Napier AI is a modernized compliance platform using AI for financial institutions to combat financial crime while also being ahead of regulatory requirements. The platform enables compliance teams to work smarter to respond to fluctuating business requirements using machine learning, automation, and simple workflows. Napier is easy to deploy, continuously develops, and is secure, enabling organizations to move from compliance being a compliance task to compliance as a business opportunity.
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