Napier Compliance Technology Selected to Extend Anti-money Laundering & Counter Terrorism-financing Capabilities
Summary
The solution will bring together transaction monitoring and Know Your Customer data, allowing Australia Post to continue its capabilities to efficiently spot suspicious activity and comply with relevant regulatory obligations. Napier’s Transaction Monitoring, Client Activity Review and Risk-based Scorecard solutions will give Australia Post a next generation compliance platform, enabling the organisation to effectively identify and manage risk and extend its anti-money laundering capabilities. This will help Australia Post to continue to efficiently fulfil compliance obligations with on-going large-scale screening and re-screening capabilities. Australia Post’s General Manager Payments & Financial Services, Product & Innovation Deanne Keetelaar commented: “We are excited to partner with Napier to extend our AML/CTF capabilities and continue to support our customers and the community. Napier provides a flexible, compliance-led solution that provides the scalability we require to grow this aspect of our products and services for our customers.” Julian Dixon, Napier CEO commented: “As Australia Post is one of Australia’s biggest and most trusted brands, we are delighted to be the vendor of choice to help it continue a robust AML/CTF program, built on next generation technology.