LONDON, 1st October 2024 - Napier AI, a global leader in AI-powered financial crime compliance solutions, and ThreatMark, a pioneer in behavioural intelligence for fraud prevention, are proud to announce a strategic partnership. The collaboration will empower financial institutions with a real-time, 360° view of the customer, combining Napier AI's advanced anti-money laundering (AML) technology with ThreatMark’s behavioural fraud detection capabilities.
Key features of the joint solution include:
- 360° Perpetual Client Risk Assessment: Continuous, real-time analysis of client behaviour enabling institutions to adapt to emerging fraud tactics and ensure regulatory compliance.
- Advanced fraud detection and prevention: The integration of Napier AI’s transaction monitoring and ThreatMark’s behavioural biometrics disrupts fraud across all stages of the customer journey, from phishing attacks to account takeovers.
- Compliance-First AI: Napier AI’s platform ensures that all processes are fully auditable and compliant with global regulatory standards, offering explainable AI to maintain transparency and trust with regulators.
- Proactive defence: Through real-time monitoring of user behaviour across digital channels, the joint solution prevents fraud before it happens, reducing false positives and optimising operational efficiency.
In today's rapidly evolving financial landscape, fraudsters are constantly seeking new ways to exploit digital banking systems. Financial institutions need to protect themselves from these sophisticated threats while ensuring full regulatory compliance. This partnership delivers an integrated solution that tackles both challenges head-on, providing a comprehensive, real-time perpetual client risk assessment system to monitor client behaviour and detect fraud before it occurs.
Greg Watson, CEO of Napier AI, commented, "We are excited to partner with ThreatMark to offer an unparalleled fraud detection and AML compliance solution. Our joint platform provides financial institutions with a real-time 360° view of the customer, empowering them to respond to fraud and risk with precision while ensuring regulatory compliance. Together, we are setting a new standard in financial crime prevention."
Michal Tresner, CEO of ThreatMark, added, "This partnership enhances the way financial institutions protect themselves and their customers. By combining ThreatMark’s behavioural biometrics with Napier AI’s cutting-edge AML capabilities, we offer a robust defence against the most complex fraud schemes, while also providing dynamic, real-time risk assessment of clients’ behaviours and transactions."
This partnership between Napier AI and ThreatMark marks a significant step forward in the battle against financial crime, delivering an integrated approach to fraud prevention and compliance. With a 360° view of the customer and a robust set of fraud detection tools, financial institutions can reduce their exposure to fraud and enhance their operational effectiveness.
About Napier AI
Napier AI is a RegTech delivering anti-money laundering and financial crime compliance software to financial institutions, payments and wealth & asset management firms. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime. Trusted by over 150 institutions worldwide, the company’s platform, Napier AI Continuum, is transforming compliance from a legal obligation to a competitive edge.
About ThreatMark
ThreatMark is committed to fostering trust in the digital world by safeguarding individuals from fraud and protecting their personal information. Our advanced Behavioral Intelligence solutions enable financial institutions and fintechs to detect and prevent fraud attacks before they occur. By harnessing the power of behavioral data and analyzing user-device interactions, we proactively identify and thwart fraud, providing financial entities with a robust, future-proof defense against evolving scams.
Through close collaboration with our partners, we not only help combat fraud but also significantly reduce the false positives generated by existing fraud controls. This results in lower operational costs for financial institutions and fintechs, while improving customer retention and driving revenue growth.
To learn more and connect, please visit ThreatMark.com.
For media enquiries:
Elise Thrale
Head of Content, Napier AI
