Starling Bank collaborates with Napier to bolster financial crime compliance

Starling Bank collaborates with Napier to bolster financial crime compliance

Starling Bank, a leading British digital challenger bank, has chosen Napier, a London-based intelligent compliance technology firm, as its preferred platform for Anti-Money Laundering (AML) and counter-terrorism financing (AML/CTF). The partnership aims to enhance the bank’s financial crime compliance.

The partnership between these two powerhouses was born out of a shared commitment to fostering secure and fair financial services. Napier will offer its Transaction Screening solution from the Napier Continuum platform to Starling Bank. This technology allows Starling Bank to maintain its dedication to quick technology, honest service, and fair values.

Starling Bank is an award-winning institution designed to provide a more equitable, intelligent, and human alternative to traditional banking. On the other hand, Napier is a financial crime compliance technology specialist. Their unique platform, Napier Continuum, turns compliance from a legal obligation into a competitive advantage. They aid businesses in complying with AML regulations, detecting suspicious transactions, and screening potential customers.

Starling Bank selected Napier for its standout technology and performance, capable of keeping pace with Starling’s rapid growth. The factors that influenced Starling’s choice include deployment flexibility, speed of deployment, testing, tuning, ease of integration via APIs to the Napier platform, no code configuration, and diagnostic strength.

Chief Technology Officer at Starling, Steve Newson, expressed his satisfaction with the platform’s capabilities. Newson explained, “We chose the Napier platform because the team was able to deploy in just six weeks. We were incredibly impressed by the innovations within the platform which supported both a rapid go-live as well as delivering tangible results for us in terms of financial crime compliance.”

Newson continued, “Starling Bank has built its reputation on its sustainable banking ethos. We continue to invest in our Anti Money Laundering solutions to make sure funds aren’t reaching harmful criminal enterprises such as human trafficking and modern slavery.”

Echoing Newson’s enthusiasm, Chief Executive Officer at Napier, Greg Watson, said, “Napier is delighted to partner with Starling Bank on its financial crime compliance journey. Napier’s innovations, including its Sandbox and no-code configuration of screening scenarios, support financial crime compliance at speed for Starling.”

The collaboration brings Starling Bank one step closer to achieving its vision of a values-led banking industry that effectively combats financial crime.

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