Napier AI, a London-based RegTech company specializing in financial crime compliance, has partnered with Salt Bank, Romania’s first neobank. This collaboration aims to improve the bank’s anti-money laundering (AML) capabilities using Napier’s advanced Transaction Screening solution.
Napier AI’s platform, deployed in a cloud environment, will manage hundreds of millions of transactions for Salt Bank. Key features include:
- User-friendly interface with customizable workflows
- Sandbox environment for optimizing screening configurations
- Configurable dashboards with no-code rule building and AI insights
Salt Bank, known for its fully digital banking services, aims to transform Romanian banking by providing a seamless online experience. The partnership with Napier AI supports this vision by integrating AML tools that meet evolving regulatory standards and customer demands.
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.
Gabriela Nistor, CEO of Salt Bank This partnership is expected to set a new benchmark for banking and financial crime compliance in Romania, helping Salt Bank to efficiently address consumer demands and regulatory requirements while maintaining high standards of security.
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.
Greg Watson, CEO, Napier AI
