Sun, Dec 22 2024
Leading impact asset management company Finance in Motion and Napier AI have teamed to deploy the Napier AI Continuum as their preferred platform for counterterrorism financing and anti-money laundering (AML/CTF).
By incorporating its Client Screening solution and Client Risk Assessment module into the Napier AI Continuum platform, Napier AI plans to improve Finance in Motion's processes. The goal of this project is to support Finance in Motion's expansion and free up the company to concentrate on using impact investments to bring about good change in emerging economies.
Finance in Motion will gain from the novel features provided by the Napier AI platform, which include AI fuzzy matching, secondary scoring capabilities, and API-enabled, cloud-native automated client screening that enables transliteration across 22 languages. Furthermore, the platform provides an intuitive user interface with customizable workflows, an optimal screening setup sandbox, and configurable dashboards that streamline decision-making via AI insights and no-code rule development.
Impact investment is essential to solving global issues and accomplishing the Sustainable Development Goals set out by the UN. In particular, the eighth goal seeks to advance "Decent work and economic growth" by enacting prompt and decisive action against human trafficking, forced labor, modern slavery, and the most severe kinds of child labor. With strong AML procedures in place, Finance in Motion guarantees that the money under its management is protected against financial crime in addition to being invested properly.
Finance in Motion's Managing Director, Sylvia Wisniwski, stressed the significance of their responsibility to guarantee that all funds received are used exactly for planned impact investments in developing economies. "Like any institution, we have an obligation to make sure that the funds raised from the public and private sectors are used only for the intended purposes, which in our case are impact investments in emerging markets," the speaker stated. Regulation therefore necessitates effective steps to stop money from being used to finance illegal activity. We can effectively query data through automated procedures and interconnected systems thanks to our partnership with Napier AI.
Napier AI's CEO, Greg Watson, took delight in the company's collaboration with Finance in Motion. "Napier AI is excited to collaborate with Finance in Motion to leverage cutting-edge technology to improve the environment," he declared. Cutting off criminal networks' money streams completely by accurate identification of accounts, transactions, and behavioral patterns linked to financial crime is the key to deconstructing these networks. With automated client screening, Napier AI's state-of-the-art compliance solutions accelerate Finance in Motion's goal of bringing about good change in emerging economies.
Napier AI is a trailblazing RegTech business that offers financial crime compliance and anti-money laundering software to the banking, payments, and wealth & asset management industries. Napier AI Continuum is turning compliance into a competitive advantage, serving more than 150 institutions worldwide.
Leave a Comment