Categories: Wire Stories

Cross-Border Payments Specialist ONEPIP Gains Competitive Edge With New Compliance Solutions From Napier

SINGAPORE–(BUSINESS WIRE)–RegTech company, Napier, provider of advanced anti-financial crime compliance solutions, has announced that cross-border payment specialist ONEPIP will be using its technology as part of ONEPIP�s upgraded anti-money laundering (AML) controls.

Napier’s AI-led Transaction Monitoring, Client Activity Review and Risk-Based Scorecard Review will give ONEPIP a systematic, intelligent review of all its transactions and customer profile data to help identify suspicious activity quickly and easily, creating a robust compliance solution.

Dagian Cheong, Head of Risk Management, said “With over 25,000 transactions worth over USD4.5bn in value since 2016, licensed operations in Hong Kong and Singapore, and planned expansion in the region, automated transaction monitoring has become imperative for the management of the risks in our business.

“As one of the fastest-growing FinTechs in the region, ONEPIP is on a continual quest to collaborate with best-in-class technology innovators, to integrate with our proprietary FX management platform, to meet the exacting standards of all our stakeholders, which include regulators and partner banks. We are particularly grateful to the Monetary Authority of Singapore for awarding us with the Digital Acceleration Grant which helped fund this project.”

Named as Best AML/CTF Solution in the Regulation Asia Awards for Excellence last year, Napier works with financial organizations around the globe to provide an AI-led platform for intelligent AML and trade compliance. Its presence in APAC was further strengthened earlier this year with the opening of a new Kuala Lumpur base, adding to its offices in Singapore, London, North America, Australia and Dubai.

Robin Lee, Head of APAC at Napier, said: “Financial services organizations continue to face mounting pressures to ensure that their regulatory compliance measures are constantly up to date and robust enough to identify any potential criminal activity, or face huge fines. With Napier’s advanced and intelligent technology, this can move from being a mandatory duty to a competitive edge. ONEPIP’s new solution enhances its regulatory compliance regime to further strengthen its position as the trusted cross-border payment specialist in the region and beyond.”

Contacts

John Sullivan

napier@contextpr.co.uk
+44(0)300-124-6100

Alex

Recent Posts

7-Eleven Presents: Launch of 30 designs of “Pokémon Builders”

Purchase $25 + $2 to redeem one Pokémon builder Free redemption is reintroduced now: Collect…

2 hours ago

Options Wins Equinix EMEA Technology Trailblazer Award, Enhancing Strategic Collaboration and Expanding Global Footprint

LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Options Technology, a trailblazer in capital markets infrastructure,…

3 hours ago

The Pearl Lam Podcast Explores The Growing Global Influence of Hong Kong Filmmaker Ray Yeung

HONG KONG SAR - Media OutReach Newswire - 23 May 2024 - Speaking to Pearl…

3 hours ago

SmartStream Achieves High Rankings in the Celent Reconciliation Systems Capability Report

LONDON--(BUSINESS WIRE)--SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces two rankings in…

4 hours ago

KAYTUS Launches K22V2 Server, Pioneering New Architecture of 2U Half-Width Ultra Efficiency

Compared to two standard 1U rack servers, the K22V2 improves cooling efficiency by 40%, and…

4 hours ago