Refinitiv has partnered with anti-money laundering software provider Napier to offer a transaction monitoring solution designed to help corporates and financial institutions tackle money laundering and combat emerging threats in financial crime.
The partnership offers Napier’s advanced analytics, automation, and transparent artificial intelligence, backed by Refinitiv’s World-Check Risk Intelligence data, to meet an evolving range of AML compliance requirements.
Napier’s AML solution consists of AI-based products designed to help customers combat evolving threats in financial crime through transaction monitoring, customer, and transaction screening. World-Check Risk Intelligence provides users with structured data retrieved from reliable, reputable, public domain sources for risk screening purposes.
Using big-data architecture along with AI and machine learning, the Napier solution rapidly ingests and processes transactions, client records, and all reference data. In addition, it provides a full audit trail on all user-and system-generated actions and accelerates AML processes throughout the workflow.