The UK-based financial crime compliance technology provider Napier AI has broadened its collaboration with the international payment processing firm FreemarketFX.

Enhancing Cross-Border Transaction Monitoring

Napier AI will serve as the main transaction monitoring system for FreemarketFX under the extended agreement. The platform utilizes AI-driven technology to identify financial risks by analyzing transaction patterns and spotting anomalies compared to global, local, or peer group norms. This helps financial institutions more effectively flag unusual activity while minimizing false positives.

According to recent Napier AI research, UK financial institutions typically receive between 250 and 300 money laundering alerts daily, underscoring the increasing volume and complexity of compliance needs.

Napier AI’s Solutions for Enhanced Compliance

Napier AI’s Insights module employs machine learning to detect behavioral anomalies in transactions. This enables compliance teams to concentrate on high-risk cases more efficiently. The platform simplifies tedious tasks such as client due diligence, reporting, and alert triage.

Research from Napier AI suggests that implementing AI-powered anti-money laundering strategies could potentially yield USD 3.3 trillion in global economic benefits by automating routine tasks, reducing human errors, and allowing compliance analysts to focus on crucial decision-making.

The AI platform’s explainable decision-making framework supports financial institutions by offering clear justifications for flagged activities, thereby enhancing trust and transparency within compliance processes. This approach enables organizations to respond more swiftly to suspicious activity while maintaining regulatory standards.