Compliance Corner: Alpian, Napier

Editorial Staff

8 December 2022

Alpian, Napier
, the Swiss digital private bank, and Napier, global provider of financial crime compliance solutions, have partnered to build a risk management platform for the bank.

Napier will supply Alpian with its financial crime compliance technology solutions through its platform, Napier Continuum, the organisations said in a statement earlier this week. Napier Continuum will bring together core AML functions, including transaction monitoring, customer and transaction screening, as well as advanced risk assessment tools, ongoing AI-enhanced reviews, and intuitive reporting functionalities.

“Switzerland has some of the strictest banking regulations in the world and, as its first digital private bank, ensuring we’re fully compliant is critical. But for us, it’s also about delivering the highest possible level of security for our customers and ensuring a seamless user experience,” Schuyler Weiss, CEO and co-founder at Alpian, said.

The move comes after Alpian made its public launch in October. Before that, it raised SFr19 million to fund a Series B+ round. It has also partnered with Visa to offer its premium metal debit card across Switzerland.

Napier’s AML and financial crime compliance solutions are used by banks, payment providers, asset management firms, foreign exchange, crypto exchanges and other regulated and financial organisations around the world.