Napier to boost AML at wealth and insurance firm ClearView

Napier, which was recently named in the new RegTech100 list, will help ClearView improve its anti-money laundering (AML) capabilities as part of a new deal.

The agreement will see Napier deploy its technology into ClearView, enabling the company to get better insights into customers and identify suspicious behaviour more efficiently.

Australia-based ClearView is a listed financial institution that offers wealth management and insurance services.  It has over $289m of in-force insurance premiums and $3.02bn of funds under management.

ClearView head of compliance Alan Olcayto said, “As financial services becomes more complex, it is critical to have a solid and future-proofed AML platform for the most rigorous compliance. Napier’s solution has additional capabilities for when we need them, and the full managed service means huge savings in time and effort for our IT team.”

Napier’s Client Screening, Transaction Monitoring and Client Activity Review solutions give compliance teams holistic views of customers and help identify activity that is against the customer’s typical behaviour.

Napier head of APAC Robin Lee said, “It’s incumbent on financial organisations to have the most robust RegTech possible, which is where we come in. This is a now not only a prerequisite for growth, it creates competitive edge through enhanced trust. We’re delighted to be able to partner with ClearView on this.”

Napier was recently named in this year’s RegTech100 companies, which highlights the compliance platforms professionals within financial services should know about.

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