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CLIENT
SCREENING
Scalable, flexible and cost effective client screening
AML Client Screening with AI-powered insights
Napier AI’s Client Screening solution ingests and screens customer records at scale, with AI fuzzy name matching that supports 25+ languages.
The solution supports multiple screening configurations and all customer and intelligence data can be explored from a single dashboard. The AI Advisor module in the solution presents the user with clear insights on decisions and helps in auto-discounting of alerts.
The sandbox environment and secondary scoring features for alerts drive down false positives, so that analysts can focus on truly suspicious activity. Live in as little as 21 days, the solution provides a full audit trail on all user and system generated actions within timescales to meet business requirements.
Our customer screening solution simultaneously reduces client risk, reputational risk, and regulatory risk, all through one highly configurable, highly scalable platform.
The platform combines best-in-class technology with a modern intuitive graphical interface that allows you to review cases and data in multiple views and easily manage workflows. It helps financial institutions fulfil compliance obligations with ongoing large-scale customer screening and re-screening capabilities to give significant operational efficiencies.
Features
See what our clients have to say./
“The system… enabled us to deal with the introduction of sanctions against Russia very effectively. We prioritise offering the most secure and compliant financial services solutions, and part of that commitment is investing in the best and most robust technologies available, to always stay one step ahead of financial criminals. The fact that we are now able to undertake daily screening means that management of the operational workflow is far more efficient. The system offers greater flexibility… and there are lots of opportunities for further automation of the review and decisioning process.”
Chris Thomas
Group Money Laundering Reporting Officer
St James’s Place
Benefits
Unique deployment flexibility and low latency infrastructure
Deploy our low latency solution in real time via our fully managed SaaS solution, in any private cloud, or on-premise
Capacity now and in the future
Endlessly scalable to ingest and screen billions of customer and transaction records, as and when you should require
No-code configuration
Organisations can test, tune and optimise multiple screening configurations on production data in the integrated sandbox before going live, with zero impact on day-to-day operations
Unrivalled AI fuzzy matching
Transliteration of 18+ languages, phonetics, nicknames, spelling errors etc
Auto alert discounting and allocation of alerts
Configure secondary data matches to auto discount name matches e.g. date of birth.
Allocate alerts automatically and accurately
Reduced false positives
The self-serve build, test and deploy capabilities gives organisations greater control to calibrate rules thereby reducing volumes of unnecessary alerts
Explainable AI and Machine Learning speed up decision-making
AI Advisor helps analysts to review alerts faster by identifying false positives in customer screening and explaining why it was identified
Multi-organisation capability
Capable of meeting the requirements of regulators in multiple regions while providing a single operational point of triage
Unrivalled data quality and coverage
We partner with the world’s leading providers of real time data to bring you out-of-the-box gold standard packages
Drive down TCO
Superfast training and implementation; zero downtime to upgrade; system maintenance, configuration, testing and deployment in the hands of users; and automation driving down the incidence of false positives all combine to dramatically reduce TCO to a world beating level
Detail
Compliance at your fingertips
Our dashboards give compliance team leaders a top-down view of key screening activity, showing current screening configurations and history and highlighting the customers scoring the most hits. They also provide an overview of team activity and workflows, highlighting backlogs and performance issues.
All customer and intelligence data can be explored from a single dashboard. Bulk operations and keyboard shortcuts reduce the time required to conduct a review.
Worry-free list management
With sanctions lists evolving daily, often involving hundreds of changes, Napier AI Client Screening delivers full management of list updates, including quality checks.
List selection is configurable, so in addition to public sanctions, private lists can be maintained. An individual white list can be set up to reduce the volume of false alerts.
Enhanced matching capabilities
Natural language processing and advanced matching algorithms reduce volumes of false positives significantly, enabling analysts to focus on alerts that need investigation.
The matching engine in Napier AI Client Screening boasts robust cross-language support and a linguistic knowledge matching capability to support 22 languages including simplified Chinese and Arabic.
The system automatically suggests matches on entities that would have previously been missed due to localisation, nicknames and synonyms, improving the alert rate.
Integrated sandbox
We at Napier AI pioneered the use of the sandbox in the AML space. Our sandbox allows analysts to fine-tune screening configurations based on results from actual data before committing changes to the live environment. So you can test before you deploy, and measure the impact of introducing changes as you go along.
AI Advisor
AI Advisor helps analysts to review alerts faster by identifying false positives in customer screening. Using artificial intelligence to analyse matches, AI Advisor supports a rule-based approach and offers insights to help the analyst in the decision-making process.
AI Advisor provides the key factors that were influential generating its insights in plain terms. This ensures users can understand why an alert has been created, enabling them to make informed decisions on the quality of the match.
Getting to 97% false positive reduction.
The additional insights from AI Advisor, which analyses multiple variables over and above the rules criteria, help to reduce false positives further, by up to 40%. This is a time-saving benefit that significantly enhances the existing rates of up to 80% false positive reduction that our screening solutions offer if used without AI Advisor.
Reduction of false positives
In live environments, Napier AI’s Client Screening has reduced false positives by up to 97%. Our solution sieves the data so effectively you only deal with true anomalies. Your team now has a laser focus on the cases where human intervention can make a real difference to your results.
World beating TCO
Designed by a team led by a former economic buyer for banks, our Client Screening solution drives efficiencies of process and increases effectiveness of results. We’ve built the world’s most advanced Client Screening solution to simultaneously manage your exposure to risk and save you money.
Watch our Client Screening solution overview video
Get a quick overview of the Napier AI solution
Napier AI's screening software for KYC
AML regulations require organisations to screen customers as part of KYC checks at onboarding. Our client screening software enables regulated organisations to screen their clients against any variation of list including PEPs and sanctions lists from multiple bodies such as OFAC, the UN and the EU to ensure full protection from regulatory breaches and fines.
Screening tools for KYC and AML
Screening tools facilitate KYC checks at onboarding, client screening, and transaction screening, to help organisations comply with regulations.
Client screening tools for banks help to ensure that during the KYC and onboarding process, customers are not on a sanctions list, or have records of adverse media against them that may, expose the organisation to financial crime risks.
Napier AI Client Screening solution facilitates ongoing screening and can be carried out daily to give organisations reassurance about who their customers are.
“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.”
Alan Olcayto
Head of Compliance
ClearView
Downloads
From the blog
Watch our introductory video
Get a quick overview of the Napier AI platform
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Knowledge Hub
A sanctions list is a record that is typically published online of the countries, regimes, groups, and individuals who are currently subject to sanctions. It is a requirement for every citizen and business to comply with sanctions, and screening against sanctions lists from applicable sanctioning bodies is one way to ensure due diligence is observed.
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