Case Study: Financial House achieves stronger AML compliance and regulatory approval with Napier AI

Surpassing regulatory requirements for Financial House

Financial House, a provider of regulated e-money services, faced a challenge in substantiating transaction approvals for high-risk clients following feedback from the Financial Conduct Authority. To meet and exceed these regulatory requirements, the company appointed Napier AI to replace its existing anti-money laundering technology with Napier AI’s Transaction Monitoring and Screening solutions.

Napier AI implemented its intelligent compliance platform, which featured a no-code rule builder and an integrated sandbox for testing. This solution provided Financial House with greater control over rule thresholds, drastically reduced false positives, and delivered the evidence needed for regulators. The outcome was that all FCA requirements were met or exceeded, operational efficiency was increased, and costs were reduced.

Financial House

Metkel Asfaha

Money Laundering Reporting Officer (MLRO)