We are excited to announce that we will supply Firma, a foreign exchange and global payments company headquartered in Canada, with Transaction Monitoring, Client Activity Review and Risk-based Scorecard solutions. The Napier solution will enable Firma to identify and manage risk more efficiently.
Established in 1998 in Edmonton, Alberta, Firma operates globally and has offices in the UK, New Zealand and Australia. Trusted to move more than $15 billion in payments around the world safely and securely, the company provides businesses with customized global payments and foreign exchange solutions. Firma’s compliance team will use Napier solutions to spot any suspicious activity quickly and easily, and to support their ongoing commitment with relevant regulatory obligations.
Ashley Tassell, Compliance Director at Firma said: “Leveraging Napier’s leading-edge technology will greatly enhance our ability to identify and manage risk, supercharging our anti-money laundering and compliance capabilities. The Napier platform upgrades our technology assets and provides us with assurance that our technology will be both scalable and reliable against the threat of financial crime, now and in the future.
“The determining factor in working with Napier was the ability to easily integrate its solutions into our current processes. We’re now able to track the entire lifecycle of a customer with a holistic view that draws together all transaction data and customer profile data from our KYC systems. This significantly enhances our capabilities in spotting suspicious activity and makes it extremely difficult for any criminal behavior to work through our systems.”
Napier CEO Julian Dixon, said: “Where financial crime will always be a threat, we’re now in a position where technology, together with AI support, can help any financial services organization shore up its systems with relative ease, and then continue to update as criminal behavior also evolves. This helps to comply with regulation but, importantly, it also significantly reduces the impact and cost of criminal behavior to wider society.”
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