Australian financial services company, ClearView, has adopted our AI-enhanced technology to support its anti-money laundering (AML) activities.
The technology will enable ClearView to gain better insights into its customers and identify suspicious behaviour more efficiently while having complete ownership over its AML platform.
Our Client Screening, Transaction Monitoring and Client Activity Review solutions have been designed to provide a holistic view of every customer so that compliance teams, with AI assistance, will more easily identify any activity that falls outside of typical customer behaviours and may be linked to money laundering activities.
With over $289 million of in-force life insurance premiums and $3.02 billion of funds under management (FUM), ClearView is a leading provider of life insurance and wealth management products.
"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 at ClearView
Alan Olcayto, Head of Compliance at ClearView, 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.”
Robin Lee, Head of APAC at Napier, 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.”