back Back

ONEPIP selects Napier to upgrade anti-money laundering controls

By Leandra Monteiro

August 10, 2021

  • Hong Kong
  • Onepip

ONEPIP, anti-money laundering, Napier, RegTech, cross-border payment, Hong Kong, 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.”

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.”

Previous Article

August 10, 2021

Surex and Filogix partner to integrate insurance quotes into the mortgage application

Read More
Next Article

August 10, 2021

Micropayment platform Dropp announces its marketplace debut

Read More

IBSi Daily News Analysis


July 19, 2024

Hong Kong

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


4 BNPL platforms providing financial freedom to consumers in MENA

Read More


Paytm & Axis Bank to offer POS solutions to merchants

Read More


Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024