Finance in Motion, a global asset manager focusing on sustainable investments, collaborates with Napier AI to bolster anti-money laundering efforts in impact investments. The partnership aims to utilise Napier AI’s advanced technology to safeguard financial resources directed towards positive social, economic, and environmental outcomes in emerging markets.
Finance in Motion Collaborates with Napier AI to Enhance AML Measures for Impact Investments
LONDON, April 24, 2024 — Finance in Motion, a global asset manager specialising in sustainable investments, has announced a partnership with Napier AI, a London-based firm providing compliance solutions against financial crime. Napier AI’s platform, Napier AI Continuum, has been chosen to enhance anti-money laundering (AML) and counter-terrorist financing (CTF) efforts within Finance in Motion’s operations, specifically targeting emerging markets.
The collaboration involves implementing Napier AI’s Client Screening and Client Risk Assessment modules, which form part of the Napier AI Continuum platform. These tools are intended to fortify Finance in Motion’s capabilities in directing financial resources towards positive social, economic, and environmental outcomes while safeguarding these assets from misuse in criminal activities.
Enhanced Compliance Tools
Napier AI’s technology offers several features that Finance in Motion plans to utilise:
– API-enabled and cloud-native automated client screening: This includes support for transliteration of 22 languages and advanced AI fuzzy matching and scoring capabilities.
– User-friendly interface and customisable workflows: Designed to improve user experience and efficiency.
– Sandbox environment: For testing and optimising screening configurations.
– Configurable dashboards: These feature no-code rule-building and AI-generated insights to facilitate effective decision-making.
The Role of Impact Investing
Impact investing focuses on generating measurable, positive changes while ensuring financial returns. The effectiveness of anti-money laundering controls is vital to prevent funds from being diverted to activities detrimental to emerging economies and societies. Finance in Motion’s mandate aligns with the United Nations’ Sustainable Development Goals (SDGs), particularly Goal 8, which aims to eradicate forced labour, end modern slavery, and abolish the worst forms of child labour by 2030.
Sylvia Wisniwski, Managing Director of Finance in Motion, emphasised the importance of stringent financial controls. “Like any institution, we have a duty to ensure that the public and private capital raised is used exclusively for the intended objectives, in our case, impact investments in emerging markets. Regulations require us to implement effective measures to prevent funds from being used to finance criminal activities. The collaboration with Napier AI allows us to efficiently query data through automated processes and integrated systems.”
Technology Against Financial Crime
Greg Watson, CEO of Napier AI, echoed the sentiment, highlighting the role of advanced technology in combating financial crime. “The key to dismantling criminal networks lies in cutting off their sources of revenue entirely by correctly identifying accounts, transactions, and behavioural patterns associated with financial crime. Napier AI’s cutting-edge compliance solutions supercharge Finance in Motion’s mission to generate positive change in emerging markets with automated client screening.”
About Napier AI
Napier AI is a regulatory technology (RegTech) firm specialising in anti-money laundering and financial crime compliance software for various financial services. Their platform assists institutions in meeting compliance requirements efficiently through technological innovation.
About Finance in Motion
Finance in Motion is an impact asset manager dedicated to sustainable development endeavours within emerging and developing markets. The company manages funds that unite public and private investors to address environmental, social, and economic challenges.
The partnership between Finance in Motion and Napier AI is indicative of the increasing role that technology plays in ensuring compliance and ethical financial practices, especially within sectors dedicated to addressing global challenges.
