AML Transaction
Monitoring./

Napier Transaction Monitoring

Reduce risk and supercharge your compliance capabilities./

Napier Transaction Monitoring is a powerful solution that provides a systematic, intelligent review of an organisation’s transactions. It is simple to deploy and is designed to be used by non-technical business users.

Built on big data architecture, it can handle hundreds of millions of transactions with ease and enables businesses to rapidly strengthen their AML and CTF defences.

FEATURES
No code rule builder
Rapid rules test-and-deploy sandbox
Highly configurable dashboard
On-demand AML monitoring
Rapid and flexible deployment, hosted or on-prem
Dynamic AI-powered analytics and risk scoring
Modern, scalable architecture
Workflow and case management automation

Next generation AML transaction monitoring

Napier’s AML software enables compliance teams to efficiently monitor financial transactions for suspicious activity that may indicate money laundering.

Our SaaS transaction monitoring tool makes it easy for compliance teams to create, test and implement the rules needed to identify cases that require further investigation.  Napier Transaction Monitoring can be enhanced by our AI insights module to deliver additional efficiencies.

Using artificial intelligence, Napier AI Insights analyses multiple data-points to further reduce false positives and negatives and identify suspicious patterns of activity that a rules-based system alone cannot.

An effective transaction monitoring system is crucial as part of your organisation’s AML strategy. Our transaction monitoring software equips compliance teams with a comprehensive and highly configurable view of transactions, empowering them to review alerts and make decisions with speed and accuracy.

BENEFITS
Improved risk management

The advanced rule-builder improves overall risk management capabilities as transaction monitoring rules can be adjusted to each client’s risk level in accordance with the organisation’s risk policies.

Zero impact on day-to-day operations

Organisations can test new rules on production data in the integrated sandbox before going live, with zero impact on day-to-day operations.

Reduced false positives

The build, test and deploy capability gives organisations greater control to calibrate rules in response to changing criminal behaviours and evolving regulations thereby reducing volumes of unnecessary alerts.

Reduced risk of false negatives and improved quality of alerts  

By using AI Insights organisations can detect unusual patterns in transactions that would not typically be flagged by standard rules, helping to reduce false negatives and spot truly suspicious behaviours.

Explainable AI improves decision-making

AI Insights are provided in plain language to explain the root cause of the anomaly which allows organizations to escalate or discount investigations rapidly.

Increased operational efficiency

The integrated no-code rule-builder and sandbox, the intuitive workflows and case management, the high rates of false positive and negative reduction and the use of explainable AI all deliver increased efficiencies across the board.

Reduced costs

Flexible deployment options, modern scalable architecture and increased operational efficiencies all contribute to a lowered total cost of ownership.

Our Transaction Monitoring clients include./

DETAIL

Define and build rules

Define and build rules easily with the intuitive interface that requires no coding to minimize false positives and detect anomalous transactions.

Our transaction monitoring system provides a full audit trail on all user- and system- generated actions and automates processes throughout the workflow.

Simulate, test and deploy

Test and iterate new rules easily in Napier’s Sandbox.

The clear interface and drop-down menus make it simple to build rules and scenarios on real data, then test before going live.  

As intelligence about suspicious behaviours is gathered, scenarios can be repeatedly tested to create even more effective rules. This flexibility means users can respond nimbly to changing compliance requirements and to changing criminal behaviours.

Enhance your analysis

Use machine learning to enhance transaction monitoring outcomes.

Our transaction monitoring system produces two scores: one from rule-based scenarios; and the other from advanced machine learning algorithms. Compare these scores to understand and prioritise daily workload.  

Using a combination of transactions, watchlists and historical customer behaviour our algorithms complement traditional rules-based reviews of customer activity and identify patterns that are difficult to spot amongst high volumes of data.

Manage cases and workflow

Teams can manage cases through a single, self-auditing platform that defines and unifies every step of an investigation.

View only the data that is relevant to a defined workflow with our highly configurable dashboard.   With access to a palette of over 80 widgets, users can control and configure what they see to ensure it is relevant and specific to their task.

Napier’s AI Insights for Transaction Monitoring

Our AI Insights engine is the perfect complement to transaction monitoring.

It can look at the customer transactions through a completely independent set of lenses, analyzing billions of transactions across multiple dimensions to detect anomalies.

This would take humans many years to complete alone, at great cost.

Napier’s AI Insights engine is a powerful addition to Napier Transaction Monitoring, delivering operational efficiencies while enriching the system’s ability to detect suspicious activity that indicates potential money laundering, terrorist financing, or other illicit activity more effectively.

Testimonials./

Trustly is processing transactions at an increasingly rapid pace every day. We needed a compliance partner that could deliver a service that was robust and secure enough to keep up, even across borders. Napier’s solution really stood out as one that we could rely upon, leveraging the power of AI in automating our monitoring systems, and ultimately helping us to stay at the very cutting edge of online banking payments.

Vadim Yurchenko
Head of AML, and Merchant Risk at Trustly

The transaction monitoring tool is really, really good. I couldn’t ask for anything better; I would definitely advise it to the compliance world.
I love how specific the rule detail can be;
it really helps reduce false positives.

Metkel Asfaha
MLRO, Financial House

More from

AML Transaction
Monitoring./

Browse our selection of resources related to Transaction
Monitoring in AML or request a demo below to speak with one of our team.

DOWNLOADS

AML Transaction Monitoring./

Fact Sheet

AML Transaction
Monitoring./

Supercharge your compliance capabilities

Fact Sheet
The Napier Sandbox

Napier’s Sandbox is an innovative testing environment integrated into Napier’s Transaction Monitoring, Transaction Screening, and Client Screening modules that empowers non-technical users to build, change, and test rules on a copy of existing live data

E-Book
The optimal path to AI implementation for financial crime compliance

Use this guide to navigate your way to successful AI implementation.

E-Book
How AI can improve the detection of evolving typologies driving financial crime

Discover how AI brings new efficiency and effectiveness to the fight against ever-resourceful criminal efforts and increasingly innovative financial crime typologies

frOM the blog

AML Transaction Monitoring./

Solution
NEW

STR Builder./

Designed to be used with Napier’s Transaction Monitoring and Screening solutions, the STR Builder helps compliance teams collate necessary data to build and submit high quality suspicious activity reports to the relevant enforcement agency securely and on time.

Napier’s STR Builder can help reduce the time involved in compiling suspicious transaction reports, with encrypted form-building providing complete assurance against tipping-off, and auto-collation accelerating the process.

See how our technology
can help you./

Book a demo and get critical insight into our unique approach.

SOLUTIONS

Our solutions./

Transaction Monitoring

Dramatically reduce false positives, while still detecting truly suspicious activity, with our machine learning-enabled transaction monitoring system designed to be used by non-technical business users in organisations of all sizes.

Transaction Screening

Run real-time searches on payment or transactional data against multiple watch and sanctions lists to make rapid decisions about the level of risk associated with payments beneficiaries and originators.

Client
Screening

Screen clients or entities against designated sanction lists while leveraging a machine-learning programme and advanced fuzzy matching algorithms to reduce false positives.

Client Activity
Review

Gain additional deeper insights about your customer’s activity with an automated ongoing review of all customer data - including transactions, payments and screening results - against their expected behaviour.

Risk-based Scorecard

Perform enhanced risk assessments to generate a risk level for each client. Use these levels as part of a risk-based assessment to optimise your screening and monitoring processes.

STR Builder

Facilitates faster, safer filing of STRs with data collation, automatic form completion, robust data security, and auto report submission. Fully compliant with global regulatory requirements, its benefits will transform any compliance function.

It’s time. Let’s talk.

Book a demo and get critical insight into our unique approach,
approved by world leaders in risk management.

Knowledge hub

AML Transaction Monitoring./

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Regulations
What is transaction monitoring?

Transaction monitoring is the process of monitoring a customer’s transactions such as transfers, deposits and withdrawals. A transaction monitoring system will seek to identify suspicious behaviour which could indicate money laundering or other financial crime occurring. 

Transactions that the monitoring system flag as suspicious need to be investigated to determine whether the alert is a true hit or a false positive. True hits should be filed as a suspicious transaction report (STR)* to alert law enforcement to suspected cases of money laundering or terrorist financing. Ongoing transaction monitoring is a regulatory requirement for the wide range of business sectors that come under money laundering regulations. 

Financial Crime
What is financial crime? (3 most common types)

Financial crime is an umbrella term which refers to any illicit act by which the perpetrator illegally acquires the property of the victim. There are several categories and multiple scales of financial crime, and both perpetrator and victim can be economies, governments, businesses, or individuals.

With sophisticated methods of criminal behaviour constantly evolving, an organisation’s exposure to fincrime risk has never been higher.