Starling Bank selects Napier to bolster fight against financial crime
By Gloria Methri
Napier, the London-based intelligent compliance technology company, has been selected as the Anti-Money Laundering (AML) and counter-terrorism financing (AML/CTF) technology platform of choice by Starling Bank.
Napier will provide its Transaction Screening solution from the Napier Continuum platform to Starling Bank, to help it continue to deliver on its vision of fast technology, fair service, and honest values.
Starling chose Napier because of the platform’s technology and performance, which can keep pace with Starling’s growth. Besides this, deployment flexibility, speed of deployment, testing, and tuning, no code configuration, easy integration via APIs to the Napier platform, and diagnostic strength also contributed to the decision.
“We chose the Napier platform because the team was able to deploy in just six weeks,” explained Steve Newson, Chief Technology Officer at Starling. “We were incredibly impressed by the innovations within the platform which supported both a rapid go-live as well as delivering tangible results for us in terms of financial crime compliance.”
“Starling Bank has built its reputation on its sustainable banking ethos,” added Newson. “We continue to invest in our Anti Money Laundering solutions to make sure funds aren’t reaching harmful criminal enterprises such as human trafficking and modern slavery.”
“Napier is delighted to partner with Starling Bank on its financial crime compliance journey,” said Greg Watson, Chief Executive Officer at Napier. “Napier’s innovations, including its Sandbox and no-code configuration of screening scenarios, support financial crime compliance at speed for Starling.”
Napier said it is proud to work with Starling Bank to deliver on its vision of a values-led banking industry, including effectively combatting financial crime.
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