Napier AI, the London-based financial crime compliance RegTech, announced its solution as the anti-money laundering (AML) platform for Salt Bank, „the first Romanian neobank with the fastest growing in Southeastern Europe.” – according to the press release.
„Napier AI provides its Transaction Screening product in a cloud environment, to Salt Bank. The solution will enable Salt Bank to handle 100s of millions of transactions easily.” – the company explained.
This solution is equipped with a user-friendly interface with customisable workflows, deployment in the cloud, a sandbox environment for optimising screening configurations and configurable dashboards with no-code rule building and AI insights for efficient decision-making.
“We chose the Napier AI platform because it offered NextGen technology which enables us to strengthen our financial crime controls and matches our drive to offer clients a seamless digital experience, within a robust regulatory compliant environment. It is part of our amazing project to disrupt the Romanian banking sector as its first 100% digital bank Made in Romania. Napier’s cloud-native platform was deployed at speed, delivering us tangible results for financial crime tools when launching as a neobank,” says Gabriela Nistor, CEO of Salt Bank.
“Napier AI’s industry-leading Transaction Screening solution is set to help Salt Bank succeed in setting a new standard for banking in Romania. It is an exciting time for the industry and market, and I am excited to see how we work together to bring best-in-class financial crime compliance to the next generation of digital banking users,” says Greg Watson – CEO, Napier AI.
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Napier AI is a RegTech delivering anti-money laundering and financial crime compliance software to financial institutions, payments firms and buy side firms. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime. Trusted by over 150 institutions worldwide, the company’s platform, Napier AI Continuum, is transforming compliance from a legal obligation to a competitive edge.
Salt Bank is based in Romania and is a wholly owned subsidiary of Banca Transilvania Financial Group, the largest financial group in Southeastern Europe. This month, the new digital bank was launched and offers simple, customer-centred financial and banking products and services.
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