Napier AI Partners with Finance in Motion on AML for Secure Impact Investments
April 30, 2024

Napier, the London-based financial crime compliance regtech, has revealed that impact asset manager Finance in Motion has selected its anti-money laundering and counter terrorist financing platform.

Napier AI is providing its client screening solution and client risk assessment module as part of the Napier AI Continuum platform to Finance in Motion to support its global growth in generating positive change in emerging markets.

The regtech's solutions will support Finance in Motion with the tools to continue delivering public and private capital exclusively towards impact investments in emerging markets, while protecting funds from being used to finance criminal activity.

Features in the Napier AI platform that Finance in Motion adopts includes:

  • API enabled, cloud native and automated client screening, supporting transliteration of 22 languages, AI fuzzy matching and secondary scoring capabilities
  • A user-friendly interface with customisable workflows
  • A sandbox environment for optimising screening configurations
  • Configurable dashboards with no-code rule building and AI insights for efficient decision-making.

Impact investing plays a critical role in efforts to meet the United Nations’ Sustainable Development goals. The eighth goal towards ‘Decent work and economic growth’, is to ‘take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and end child labour in all its forms.’ The revenues generated from these criminal activities must be identified and seized through effective AML controls and strong collaboration with law enforcement. Finance in Motion is committed to contributing to these targets, and one of the ways it aims to do so is by implementing effective AML controls with Napier AI.

Sylvia Wisniwski, MD, Finance in Motion, said: "Like any institution, we have a duty to ensure that the public and private capital raised is used exclusively for the intended objectives, in our case impact investments in emerging markets. Accordingly, regulation requires effective measures to prevent funds from being used to finance criminal activities. The collaboration with Napier AI allows us to efficiently query data through automated processes and integrated systems."

While Greg Watson, CEO at Napier AI, also added: “Napier AI is proud to join forces with Finance in Motion to use next generation technology to make a positive impact on the planet and the people in it. The key to dismantling criminal networks lies in cutting off their sources of revenue entirely by correctly identifying accounts, transactions, and behavioural patterns associated with financial crime. Napier AI’s cutting-edge compliance solutions supercharge Finance in Motion’s mission to generate positive change in emerging markets with automated client screening.”

OFFICAL PARTNERS

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