St James’s Place enhances financial crime defences with Napier’s advanced screening tools

St James's

Napier, a provider of advanced financial crime compliance solutions, has partnered with St. James’s Place (“SJP”), the UK’s leading wealth management and financial planning specialist. The partnership will enhance SJP’s client and entity screening capabilities, strengthen SJP’s financial crime compliance function, and make it more flexible.

With Napier’s AI-enhanced screening solution, SJP will be able to take advantage of large-scale, continuous customer screening and rescreening capabilities. The solution provides SJP with the tools to continuously screen entities across the organization against global sanctions lists, political risk personalities lists, bad media lists, and any internal whitelists and blacklists.

Chris Thomas, Director of Money Laundering Reporting at SJP Group, said: “We are very pleased with the performance of the system to date. It has allowed us to deal with the imposition of sanctions against Russia very effectively. SJP is very good at providing extremely secure and compliant financial services solutions. Value, and part of that commitment, is to invest in the most powerful and superior technology available to stay one step ahead of financial criminals.”

“Today, we are able to carry out routine screening tasks. This means that we manage business workflows more efficiently than before. Compared to the previous system, the system has a great deal of flexibility and a great opportunity for review and decision-making The process is further automated.”

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Julian Dixon, founder and CEO of Napier, said: “Today’s rapidly changing regulatory landscape requires organizations to be agile and constantly adapt their responses to the demands of financial crime compliance. A single, rigid solution cannot guarantee the long-term security of an organization, so Organizations must embrace flexible, modern technology. Napier’s customer screening solutions facilitate faster screening and decision-making, which is why SJP, in our partnership with us, has expanded its use of Napier’s solutions. ”

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