Napier AI and ThreatMark, a fraud prevention-focused firm, have recently entered into a strategic partnership.
This collaboration aims to provide financial institutions with a cutting-edge, real-time solution for managing customer risks and detecting fraud.
The partnership is driven by the need to offer financial institutions a comprehensive tool against increasingly sophisticated digital fraud threats. By combining their strengths, Napier AI and ThreatMark deliver an integrated solution designed to enhance anti-money laundering (AML) efforts and fraud prevention capabilities.
Napier AI specialises in AI-driven solutions that help financial institutions maintain compliance with global regulatory standards. Their platform offers perpetual client risk assessments, ensuring continuous, real-time analysis of client behaviour. This approach allows institutions to adapt swiftly to emerging fraud tactics while maintaining transparency and trust with regulators.
ThreatMark, on the other hand, brings to the table advanced behavioural biometrics technology. Their expertise lies in detecting and preventing fraud across various stages of the customer journey, from phishing attacks to account takeovers. Together, they provide a robust defence mechanism that disrupts fraud before it can cause harm.
This partnership marks a significant development in the fight against financial crime. It integrates Napier AI’s transaction monitoring with ThreatMark’s behavioural biometrics to offer a dynamic, real-time risk assessment of clients’ behaviours and transactions. This proactive defence strategy helps reduce false positives and optimises operational efficiency.
Additional features of their joint solution include a 360° Perpetual Client Risk Assessment and Compliance-First AI, ensuring all processes are auditable and compliant with the highest regulatory standards.
Napier AI CEO, Greg Watson, said, “We are excited to partner with ThreatMark to offer an unparalleled fraud detection and AML compliance solution. Our joint platform provides financial institutions with a real-time 360° view of the customer, empowering them to respond to fraud and risk with precision while ensuring regulatory compliance.”
ThreatMark CEO, Michal Tresner, added, “This partnership enhances the way financial institutions protect themselves and their customers. By combining ThreatMark’s behavioural biometrics with Napier AI’s cutting-edge AML capabilities, we offer a robust defence against the most complex fraud schemes, while also providing dynamic, real-time risk assessment of clients’ behaviours and transactions.”
The collaboration between Napier AI and ThreatMark sets a new standard in financial crime prevention, delivering a comprehensive approach to tackling fraud and enhancing regulatory compliance.
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