Tag: Napier AI

The UK’s recently announced £121 million investment in quantum technology marks a timely and strategic move in the evolving fight against financial crime. The Napier AI / AML Index found that money laundering costs the global economy $5.2 trillion USD annually.

Australia is moving to overhaul its anti-money laundering and counter-terrorism financing (AML/CTF) framework with a comprehensive new proposal aimed at aligning the country with global standards set by the Financial Action Task Force (FATF).

As artificial intelligence (AI) continues to transform financial crime compliance, a new industry benchmark is emerging: compliance-first AI.

As AI reshapes the financial crime compliance arena, the emergence of a compliance-first approach to AI in FinTech is becoming increasingly important.

Key European RegTech investment stats in 2024: European RegTech deal activity halved in 2024 YoY UK firms dominated the European RegTech marketplace completing a...

The Financial Conduct Authority (FCA) has been actively working to promote safe and responsible AI adoption in the UK financial sector. Last year, it published its AI Update to encourage outcomes-focused AI models. To further this initiative, the FCA recently launched its AI Lab, a collaborative platform for firms, stakeholders, and regulators to discuss AI use cases, share insights, and foster innovation while ensuring compliance.

Napier AI, a RegTech company offering a range of compliance tools and services, has launched its inaugural AI / AML Index, revealing that artificial intelligence could enable global economies to save $3.13trn annually by enhancing the detection and prevention of money laundering and terrorist financing.

In July 2024, the FCA initiated a crucial dialogue within the financial sector by opening a consultation aimed at refining the treatment of PEPs. 

Key European RegTech investment stats in H1 2024: European RegTech investments halved in H1 YoY Investors diversify as eight countries represented in the top...

Napier AI and ThreatMark, a fraud prevention-focused firm, have recently entered into a strategic partnership.