Napier to supply AML and CFT services to Australia Post

London-based intelligent compliance technology developer Napier has been chosen by Australia Post to support its anti-money laundering (AML) and counter-terrorism financing (CTF) services.

Napier will provide its AML and CTF technology to Australia Post, enabling it to use transaction monitoring and know your customer data to efficiently spot suspicious activity and comply with regulations.

Its transaction monitoring, client activity review and risk-based scorecard solutions will also help to manage risk. Furthermore, the client and payment screening solutions will supply resilient filter to screen transactions and watchlists. This will enable Australia Post to improve screening and re-screening capabilities.

Napier CEO Julian Dixon, said, “As Australia Post is one of Australia’s biggest and most trusted brands, we are delighted to be the vendor of choice to help it continue a robust AML/CTF program, built on next generation technology. By choosing our Intelligent Compliance Platform, Australia Post will supercharge its compliance capabilities to meet AML/CTF obligations efficiently.”

Australia Post general manager payments and financial services, product and innovation Deanne Keetelaar said, “We are excited to partner with Napier to extend our AML/CTF capabilities and continue to support our customers and the community. Napier provides a flexible, compliance-led solution that provides the scalability we require to grow this aspect of our products and services for our customers.”

Last year, Napier formed a partnership with Swedish FinTech Trustly to help the company grow whilst maintaining compliance.

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