Napier, a leading financial crime compliance RegTech firm, has partnered with 3S Money, a groundbreaking payments platform, to enhance its anti-money laundering (AML) capabilities. This strategic collaboration leverages Napier’s expertise and advanced technology to bolster 3S Money’s commitment to secure and compliant financial transactions.
3S Money, experiencing significant growth since its inception in 2018, has processed over $5.9 billion in client payments worldwide. Operating in over 190 countries and supporting transactions in more than 65 currencies, 3S Money required a scalable compliance solution to meet its expanding needs. Napier’s comprehensive AML platform provides the necessary infrastructure to mitigate financial crime risks effectively.
Napier’s AML Solution: A Comprehensive Approach
3S Money has integrated Napier’s Transaction Screening, Transaction Monitoring, and Client Screening modules within the Napier Continuum platform. This comprehensive suite empowers 3S Money with:
- Real-time Transaction Screening: Immediate and precise screening of transactions to identify potential risks.
- Configurable Screening Rules: Adaptable screening configurations to accommodate diverse requirements.
- Seamless API Integration: Effortless integration with existing systems through APIs.
- Sandbox Environment for Rule Development: A secure environment for testing and refining screening rules.
Benefits of the Partnership: Compliance as a Competitive Advantage
This Partners And Napier collaboration allows 3S Money to:
- Enhance Compliance: Strengthen adherence to regulatory requirements and industry best practices.
- Mitigate Financial Crime Risks: Proactively identify and address potential money laundering activities.
- Improve Operational Efficiency: Automate compliance processes and reduce manual workload.
- Scale with Confidence: Ensure compliance capabilities adapt to future growth and expansion.
A Shared Commitment to Security and Integrity
Angela Knight, Head of Risk and Compliance at 3S Money, emphasized the importance of this partnership: “Ensuring the highest standards of financial compliance is paramount…Partnering with Napier reinforces our commitment to the security and integrity of our platform.”
Greg Watson, CEO of Napier, highlighted the strategic advantage of robust compliance solutions: “At Napier, we recognise that the fine line between financial crime compliance being a mere regulatory chore and a strategic advantage is the right RegTech solution…”
Napier’s platform, supporting 22 languages and multi-configuration environments, enables 3S Money to navigate the complexities of cross-border payments and meet diverse jurisdictional requirements. This partnership demonstrates a shared commitment to fostering a secure and transparent financial ecosystem. Napier’s support empowers 3S Money to continue its growth trajectory while maintaining the highest standards of financial crime compliance.
