Napier AI and Salt Bank partner to secure NextGen banking in Romania
May 14 2024 - 3:07AM
Business Wire
Napier AI, the London-based financial crime compliance RegTech,
is pleased to its solution as the anti-money laundering (AML)
platform for Salt Bank, the first Romanian neobank with the fastest
growing in Southeastern Europe.
Napier AI provides its Transaction Screening product in a cloud
environment, to Salt Bank. The solution will enable Salt Bank to
handle 100s of millions of transactions easily. This award-winning
solution is equipped with:
- a user-friendly interface with customisable workflows;
- Deployment in the cloud;
- a sandbox environment for optimising screening
configurations;
- and configurable dashboards with no-code rule building and AI
insights for efficient decision-making.
With its name rooted in the Romanian word for leap, the neobank
is set to transform Romanian banking. It offers a top-notch digital
experience for the new generation of customers who prefer banking
on their smartphones.
The collaboration reinforces Salt Bank’s engagement in having
robust tools within the current AML ecosystem, which is being
reshaped by dynamic changes in regulations, evolving ML/TF and
fraud risks, and ever-increasing customer demand for a seamless
online experience. Partnering with an AML RegTech with NextGen
technology and scalability will help Salt Bank address consumer
demands for faster, more convenient ways to bank and strengthen its
AML framework.
“We chose the Napier AI platform because it offered NextGen
technology which enables us to strengthen our financial crime
controls and matches our drive to offer clients a seamless digital
experience, within a robust regulatory compliant environment. It is
part of our amazing project to disrupt the Romanian banking sector
as its first 100% digital bank Made in Romania. Napier’s
cloud-native platform was deployed at speed, delivering us tangible
results for financial crime tools when launching as a neobank,”
says Gabriela Nistor, CEO of Salt Bank.
“Napier AI’s industry-leading Transaction Screening solution is
set to help Salt Bank succeed in setting a new standard for banking
in Romania. It is an exciting time for the industry and market, and
I am excited to see how we work together to bring best-in-class
financial crime compliance to the next generation of digital
banking users,” says Greg Watson, CEO, Napier AI.
Napier AI is proud to support Salt Bank in its period of huge
growth and set a new standard of excellence in the banking and
financial crime compliance industry.
About Napier AI
Napier AI is a RegTech delivering anti-money laundering and
financial crime compliance software to financial institutions,
payments firms and buy side 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 Salt Bank
Salt Bank is based in Romania and is a wholly owned subsidiary
of Banca Transilvania Financial Group, the largest financial group
in Southeastern Europe. This month, the new digital bank was
launched and offers simple, customer-centred financial and banking
products and services.
Improve your compliance processes with an award-winning
solution
Get in touch to see how our intelligent platform can help your
organisation transform its compliance; or request a demo to see it
in action.
https://www.napier.ai/contact
https://www.napier.ai/request-a-demo
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version on businesswire.com: https://www.businesswire.com/news/home/20240514175225/en/
For media enquiries: Elise Thrale Head of Content, Napier
AI +4477890 952 278 Elise.thrale@napier.ai Viorel Ruse Head of
Marketing and Communication, Salt Bank vibe@salt.bank