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TRANSACTION
SCREENING
Highly performant and scalable transaction screening
AML transaction screening with AI-powered insights
Napier AI’s Transaction Screening solution handles 100s of millions of transactions with ease against sanctions lists in real- time. The solution supports multiple screening configurations and a sandbox environment, granting autonomy to compliance analysts across different business units and geographies to tailor the solution to their needs.
The highly configurable dashboard provides a graphical view of team activity and custom workflows - highlighting any issues with backlog, workload, and performance. Using artificial intelligence to analyse screening matches and determine whether the match can be discounted or requires further review, the AI Advisor module in the solution supports manual decision making and a rule-based approach.
Features./
“We chose the Napier AI platform because the team was able to deploy in just six weeks, we were incredibly impressed by the innovations within the platform which supported both a rapid go-live as well as delivering tangible results for us in terms of financial crime compliance.”
Steve Newson
Detail
Ready to use payment screening
Napier AI’s Transaction Screening is easy to use and can be deployed rapidly into your compliance environment.
Our software automatically screens transactions in real time against sanctions lists. It provides a full audit trail on all user and system generated actions as you progress hits through the workflow.
Advanced dashboard reporting
Our dashboards give compliance team leaders a top-down view of key payment screening activity.
Team leaders can easily see current screening configurations and view customers that are creating the most hits. The dashboards also provide a graphical view of team activity and workflows - highlighting any issues with backlog, workload, and performance.
Highly efficient alert review process
The system automatically highlights data for review so analysts can see immediately what needs to be investigated.
Furthermore, analysts can explore all customer and transaction intelligence data on one dashboard, removing the need to switch between windows or systems. Bulk operations and keyboard shortcuts make workflows easier to manage by shortening the time it takes to conduct a review.
Enhanced matching capabilities
Natural language processing and advanced matching algorithms reduce false positives, allowing analysts to focus on real alerts. Napier AI’s Transaction Screening matching engine 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.
AI Advisor
Powered by artificial intelligence, AI Advisor helps analysts review alerts faster by identifying false positives in client screening. Using artificial intelligence to analyse screening matches and determine whether the match can be discounted or requires further review, AI Advisor supports manual decision making and a rule-based approach.
AI Advisor provides an explanation which helps the user to understand the key factors that were influential in its decision. This ensures users can quickly understand why an alert has been created and what is unusual about it, enabling them to make an informed decision on the quality of the match.
The additional insights from AI Advisor which analyse multiple additional variables over and above the rules criteria help to reduce false positives further by up to 40%, further enhancing the up to 97% reduction we traditionally see with our client and transaction screening solutions.
Integrated sandbox to test screening configurations
In Napier AI’s Transaction Screening sandbox analysts can fine-tune screening configurations based on results from actual data, before committing changes to the live environment. This enables analysts to understand the impact any changes will have and offers direct comparison with the current configuration.
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AML Transaction
Screening
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Feature
Regulatory Reporting Manager
Designed to be used with Napier AI’s Transaction Monitoring and Screening solutions, the Regulatory Reporting Manager 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 AI’s Regulatory Reporting Manager 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.
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