London-based Napier AI Scores €52 Million to Power Up AI-Driven Financial Crime Fighting

Napier AI, a London-based artificial intelligence (AI) company specializing in financial crime compliance solutions, has secured €52 million in funding from Crestline Investors. The fresh capital injection will fuel the company’s continued growth and expansion of its AI-powered platform that helps financial institutions combat money laundering and other financial crimes.

In short:

• Napier AI secured a €52M investment from Crestline Investors.
• Napier AI’s revenue has grown over 30% year on year since 2021.
• The investment will boost Napier AI’s expansion and development of NextGen solutions.

What is Napier AI?

Napier AI, established in 2015, is a London-based company specializing in AI-enhanced financial crime and regulation technology compliance software. Their flagship product, Napier Continuum, is designed to combat money laundering across various sectors, including banking, payments, and wealth & asset management. This innovative solution underscores Napier AI’s commitment to leveraging advanced technology to ensure regulatory compliance and safeguard financial institutions from illicit activities. Check out Napier AI’s Official website.

What does Napier AI do?

Napier AI operates by providing solutions that enable customers to screen, monitor, and identify potentially criminal or suspicious activities. Their advanced system is capable of generating regulatory reports, a feature that is crucial in maintaining compliance with financial regulations. By using Napier AI’s solutions, customers can significantly reduce the risk of financial loss and reputational damage that can result from non-compliance. This is achieved by effectively identifying and mitigating potential threats before they can cause harm. In essence, Napier AI works as a proactive shield, safeguarding businesses from the ever-present risks in today’s complex financial landscape.

How to use Napier AI?

Here are the simple steps to use Napier AI:

Step 1: Set Up Napier Ai Either On-Premise Or In The Cloud.

Step 2: Configure The Dashboard To View Relevant Tasks And Spot Suspicious Activity.

Step 3: Use The No-Code Sandbox To Define, Iterate, And Test Rules.

Step 4: Test New Rules On Real Data And Compare The Results Before Deploying To Live.

Step 5: Monitor Financial Transactions For Suspicious Activity.

Features of Napier AI

Napier AI’s solutions are designed with a range of features to improve financial crime compliance:

1. Fast, Scalable, and Configurable: The Napier platform is designed to be fast, scalable, and easily configurable. It can rapidly strengthen your AML defenses and compliance capabilities, meeting your compliance obligations and challenges in any sector.
2. Single Unified Compliance Platform: Napier’s single unified platform integrates multiple compliance solutions into one master dashboard.
3. Flexible Deployment: Whether you need to deploy on-premise or in the cloud, Napier works closely with you to deliver the right outcome for your organization.
4. Rules Testing Environment: Napier provides a unique sandbox testing environment built specifically for non-technical business users. This allows you to test new rules on real data and compare the results before deploying to live.
5. AI-Enhanced Insights: Napier complements your existing rules-based processes with AI, empowering your analysts to make faster and more meaningful decisions based on machine learning insights.
6. Reduced False Positives: Using the latest in AI and machine learning, Napier helps dramatically reduce real false positives and correctly identify more false negatives.
7. Security as Priority: Napier works with industry-leading cloud architects and cybersecurity experts to implement a product and platform that is secure by design.

Who are Crestline Investors?

Crestline Investors is an employee-owned hedge fund sponsor based in Fort Worth, Texas. They provide services to pooled investment vehicles, institutions, and high-net-worth individuals. Crestline invests in public equity, fixed-income, and alternative investment markets in the United States. They are known for providing innovative alternative investment solutions that generate consistent risk-adjusted returns.

Services provided by Napier AI

Napier AI’s services are used by:

1. Banks: They use Napier AI to combat money laundering and meet regulatory compliance.
2. Payment Processors: These firms leverage Napier AI’s solutions for transaction monitoring and fraud detection.
3. Wealth and Asset Management Firms: These institutions use Napier AI to ensure compliance and safeguard their operations.
4. Global Partners: Partners like Refinitiv, Dow Jones, Basis, FintechLab, and Mambu also use Napier AI’s services.
5. Global Tier 1 Banks: They have transformed their approach to customer reviews using Napier’s AI-enhanced Client Activity Review.

What is Napier Continuum?

Napier Continuum is an AI-enhanced platform designed for financial crime risk management. It provides a unified data layer for fast, scalable, and configurable operations. The platform includes tools for screening, monitoring, and generating regulatory reports. It also offers automation for low-level tasks, alerts, workflows, and case management. Napier Continuum can be deployed in any cloud environment.

What is Financial Crime Compliance?

Financial crime compliance refers to the adherence to laws and regulations aimed at preventing financial crimes such as money laundering, terrorist financing, fraud, and other illicit activities. It involves implementing measures to detect, prevent, and report these activities. This includes customer due diligence, transaction monitoring, and reporting suspicious activities. Compliance ensures the integrity of financial institutions and protects them from legal penalties and reputational damage.

How will Napier AI use the €52 Mn investment?

The investment from Crestline Investors will significantly aid Napier AI’s business expansion in the forthcoming years. This financial boost will enable the company to continue its development of NextGen screening and monitoring solutions. These advanced solutions are designed to help financial institutions effectively combat financial crime. By investing in its technology and expanding its reach, Napier AI aims to set a new standard in financial crime compliance, making the financial world safer and more transparent.

Conclusion

The significant investment from Crestline Investors marks a transformational time in the industry for KYC and AML solutions. With this backing, Napier AI is well-positioned to help financial institutions excel in an environment with rapidly expanding transaction volumes and increasing regulatory requirements.

FAQs

Is Napier AI free?

No, Napier AI is not free.

Can I use Napier AI on my desktop or phone?

Napier AI can be deployed on-premise or in the cloud, but it’s not specified whether it’s accessible via phone.

Is Napier AI subscription-based?

Yes, Napier AI operates on a subscription model.

How can AI help to prevent financial crime?

AI can help to prevent financial crime by identifying suspicious activity in real-time, automating compliance processes, and improving the accuracy of investigations.