Starling Bank taps Napier for transaction screening solution
British challenger Starling Bank has partnered up with regtech firm Napier to deploy its transaction screening solution.
Starling Bank partners Napier for transaction screening solution
Starling Bank will utilise Napier’s anti-money laundering (AML) and counter-terrorism financing (CTF) technology in order to make sure funds don’t reach “harmful criminal enterprises”, such as human trafficking and modern slavery.
Napier says the bank chose its platform due to reasons including its deployment flexibility; speed of deployment, testing and tuning; no code configuration; easy integration via APIs to the Napier platform; and diagnostic strength.
“We chose the Napier platform because the team was able to deploy in just six weeks,” says Steve Newson, chief technology officer at Starling.
Newson adds that the innovations within the platform support “both a rapid go-live as well as delivering tangible results for us in terms of financial crime compliance”.
Founded in 2015 and headquartered in London, UK, Napier leverages big data technology in combination with artificial intelligence (AI) and machine learning to offer compliance solutions to companies. Some of its recent clients include European paytech Lyra, Swiss neobank Alpian, and St James’s Place, UK’s largest wealth manager.
