London, November 02, 2022–(BUSINESS WIRE)–Napier, a leading anti-financial crime compliance solutions provider, announced that investor services group IQ-EQ is upgrading its screening capabilities to Napier’s AI-enhanced client screening.
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IQ-EQ uses Napier’s leading AI compliance capabilities (Photo: Business Wire)
Napier’s client screening solution further enhances IQ-EQ’s existing systems by automatically screening clients at relevant intervals against sanctions, Politically Exposed Persons (PEP) lists and other key watchlists. AI capabilities help IQ-EQ reduce volumes of false positives and enable faster screening.
IQ-EQ provides a range of compliance administration, asset and advisory services to a global client base that includes 11 of the world’s top 15 private equity firms. Their portfolio includes assets in excess of US$750 billion under administration and is located in 24 jurisdictions.
Sally Alayarian, Group Chief Risk Officer at IQ-EQ said: “At IQ-EQ we focus on helping global investors invest and protect in a consistent and convenient manner. With so many brands under our umbrella and in global markets, we often find our screening processes more challenging. Data silos do.
With Napier’s solution, we gain a significant edge as we can enable bulk screening across the group and use the solution’s impressive AI capabilities to reduce false positives. This greatly contributes to our operational efficiencies in our compliance efforts and helps us serve our client base more efficiently while ensuring we are not in violation of sanctions.”
Napier’s solution uses natural language processing and advanced fuzzy matching algorithms to reduce false positives, helping organizations save time and focus on real alerts.
Sian Harrington, Global Head of Client Transformation at Napier, said: “We are proud to support IQ-EQ and their commitment to tackling financial crime. Our latest generation multi-entity solution will help address the complex challenges facing the financial services industry, and we look forward to strengthening our partnership with this implementation.” Looking forward to it.”
Napier’s highly configurable financial crime compliance platform is relied upon by a variety of market participants including banks, payment providers, asset managers, FX specialists, insurers and other regulated entities worldwide.
Napier is a new breed of financial crime compliance technician. Our intelligent compliance platform is transforming compliance from a legal obligation to a competitive edge. All Napier products are built using state-of-the-art technology and the platform is delivered in a public cloud, private cloud or on-premises.
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