The partnership will eliminate siloes across compliance operations by seamlessly integrating know your customer (KYC) and compliance processes.

KYC Portal CLM is an award-winning, Customer Due Diligence (CDD) and Anti-money laundering (AML) orchestration platform that automates, centralises, and simplifies the due diligence process. It is a real-time, risk-driven Client Lifecycle Management platform with full ownership of policy automation, increasing operational efficiencies and redefining business relationship outreach, as well as a dynamic workflow platform that reduces risk exposure and the cost to maintain such risk.

Napier is a new breed of RegTech that is committed to embracing technological innovation to deliver AML compliance solutions that make a measurable difference in driving down financial crime. Trusted by over 200 institutions worldwide, the company’s platform, Napier Continuum, is transforming compliance from a legal obligation to a competitive edge.

The partnership encompasses an integration between KYCP and Napier’s transaction monitoring module to ensure greater speed, efficiency, and accuracy to better alert compliance professionals to risk in real-time.

Napier’s integration with KYCP will feed updated customer data to Napier’s rules engine, which, based on real-time alerts, will send notifications to KYCP if any rules are triggered and update transaction related data in KYCP in real-time. This will in turn allow for real-time automation of risk driven events in the lifecycle of a counterparty in KYCP.

“Making sure your organisation is staying compliant is an ongoing challenge,” says Greg Watson, Chief Executive Officer at Napier. “We are delighted to announce our partnership with KYC Portal to help customers reduce exposure to client risk, reputational risk and regulatory risk, all in real-time.”

“KYC is the ability to know your customer, their activity, and whether it poses risk to your organisation”, says Kristoff Zammit Ciantar, Founder and CEO at KYC Portal. “With knowledge on the entire customer lifecycle, from onboarding and beyond, compliance teams are empowered to have a greater view on customer risk.”