Napier Collaborates with KYC Portal to Revolutionize Compliance Solutions in FinTech
In a groundbreaking move, compliance technology company Napier has joined forces with KYC Portal to offer a comprehensive compliance solution tailored for financial institutions, according to Fintech Global News. This strategic partnership aims to break down the barriers within compliance operations by seamlessly integrating Know Your Customer (KYC) and compliance processes.
Napier’s cutting-edge platform, Napier Continuum, is set to redefine compliance as a competitive advantage. On the other side of the spectrum, KYC Portal CLM (KYCP) boasts an award-winning reputation for its exceptional Customer Due Diligence (CDD) and Anti-money laundering (AML) orchestration. KYCP automates and centralizes the due diligence process, making it a frontrunner in the field.
Napier, a trailblazer in the RegTech industry, is dedicated to embracing technological innovation. The Napier Continuum platform has gained acclaim for its role in combating financial crime, transforming compliance from a mere legal obligation into a strategic asset. Meanwhile, KYC Portal CLM excels in streamlining the due diligence process through automation and centralization, effectively reducing risk exposure and operational expenses.
This collaboration will involve the integration of KYCP with Napier’s transaction monitoring module, thereby significantly enhancing speed, efficiency, and accuracy. Real-time customer data will be seamlessly fed into Napier’s rules engine, enabling the immediate automation of risk-driven events in KYCP’s client lifecycle management. This will ensure swift notification of compliance professionals regarding any potential risks.
This partnership signifies a major leap forward in the financial technology sector, offering a robust solution for real-time risk management and compliance. It underscores the growing demand for integrated and efficient compliance solutions in today’s rapidly evolving financial landscape.
Greg Watson, Chief Executive Officer at Napier, expressed his enthusiasm, stating, «Ensuring ongoing compliance for your organization is a constant challenge. We are thrilled to announce our partnership with KYC Portal to assist our customers in reducing exposure to client risk, reputational risk, and regulatory risk, all in real-time.»
Kristoff Zammit Ciantar, Founder and CEO at KYC Portal, added, «KYC is about having a comprehensive understanding of your customer, their activities, and assessing whether they pose a risk to your organization. With insights spanning the entire customer lifecycle, from onboarding onwards, compliance teams gain a holistic view of customer risk.»