LONDON, January 31, 2023–(BUSINESS WIRE)–Following a interval of explosive progress, Utmost Group, a number one supplier of insurance coverage and financial savings options, has upgraded its monetary compliance capabilities in affiliation with Napier, the chief in configurable anti-financial crime compliance.
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Insurance coverage and financial savings options supplier Utmost Group upgrades, with consumer screening from Napier in simply 21 days (Graphic: Enterprise Wire)
Napier’s consumer screening resolution, which went dwell in simply 21 days, has been launched each to bolster the corporate’s present compliance technique and construct within the capability to scale additional in future. The Napier crew met these terribly tight timescales in deploying the answer to satisfy the deadline imposed by the expiration of licences by the outgoing accomplice.
Chief Threat Officer at Utmost Worldwide Isle of Man, Paul Smith mentioned: “We wanted to quickly migrate after which implement our present screening protocols to the brand new system, so we have been delighted that Napier was capable of merge two legacy methods neatly right into a single hosted occasion whereas levelling up our capabilities. This actually made the distinction when managing the improve of methods that have been being made end-of-life sooner than anticipated.”
He continued: “Compliance necessities inevitably evolve over time as dangers additionally change and criminals grow to be extra refined, so we’re delighted to have a sturdy system now in place that may hold us one step forward of our obligations and improve our general providers.”
Napier’s Shopper Screening resolution will bolster present methods by robotically screening shoppers at related intervals in opposition to sanctions, Politically Uncovered Individuals (PEP) lists, and different key watchlists. The AI capabilities will allow sooner screening and assist the group to scale back volumes of false alerts.
Chief Income Officer at Napier, Kevin O’Neill mentioned: “We’re excited to work with Utmost Group and are trying ahead to offering them with best-of-breed consumer screening and internet hosting providers. We’re assured that with our AI powered applied sciences Utmost Group might be higher outfitted to offer secure and safe insurance coverage and financial savings options, whereas adhering to the best trade requirements.”
With property below administration of approx. £58bn and 550,000 clients (as at 30 June 2022), Utmost Group is headquartered in London and operates in markets throughout UK, Europe, Latin America, Asia and Center East.
Napier is trusted by monetary establishments, together with tier-one banks, asset managers, insurance coverage corporations, and different regulated organisations globally, to offer superior monetary crime compliance expertise that achieves a steady and holistic view of threat.
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Contacts
John Sullivan
napier@contextpr.co.uk
+44(0)300-124-6100
