Napier Recognised for Next-Gen AML/CTF Compliance Platform

Singapore/Hong Kong, 9 December 2021 – Napier Technologies was Highly Commended in the hotly-contested AML/CTF Compliance category in the 4th Regulation Asia Awards for Excellence 2021 at an online ceremony on 9 December 2021.

Napier was recognised for its Intelligent Compliance Platform (ICP), which offers financial institutions a next-generation multi-solution approach to AML/CTF from within a single integrated platform – covering transaction monitoring, transaction screening, name screening, perpetual KYC, risk scoring, and suspicious transaction reporting.

The platform automates a number of key AML/CTF tasks, thereby reducing manual efforts and raising productivity of in-house teams at financial institutions. It combines big data technologies with AI to reduce false negatives and false positives in client and transaction screening and monitoring, in some cases by up to 90 percent. The technology is also able to identify divergences between a customer’s expected and actual behaviour, insights which are proving critical in today’s environment to guard against real risk.

ICP features an innovative sandbox rule-builder, which allows compliance departments to adapt the rules used to detect suspicious transactions and test the impacts before deployment to a live environment. This enables financial institutions to keep pace with both changing regulatory requirements and emerging patterns of criminal behaviour. The function also empowers compliance teams to make informed risk assessments without a need for coding experience or in-house data scientists.

A key module, Client Activity Review, automates the regular review of clients and their accounts, leveraging data from internal systems and external data sources including watchlists. By bringing all this data together into view from within a single platform, compliance teams are able to make assessments based on a 360 degree view of customers. Meanwhile, Napier’s new Suspicious Transaction Report Builder, facilitates the filing of STRs through automatic form completion, making the process faster and reducing the risk of human error.

“Napier presents an exciting and comprehensive solution that largely addresses time consuming and manual post-onboarding processes,” said a judge on the awards panel. “The solution seems to replace much of the dependence on human judgment with AI algorithms that are explainable, a key feature required from many regulators. It also centralises much of the client KYC and risk indicator data, thereby enabling a more holistic view of client risk without the need to navigate many platforms or systems, thereby improving efficiency.”

ICP has been adopted by over 240 clients globally, including Tier 1 banks, FinTechs, and payments companies from Europe, North America, and Asia Pacific. In the past twelve months, Napier has opened offices in Taiwan, Australia, the US, Singapore, Malaysia and in the Middle East.

About the Regulation Asia Awards for Excellence 2021

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help to ensure the highest standards for regulatory compliance are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2021 winners, visit

About Regulation Asia

Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

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