Superannuation fund Brighter Tremendous is upgrading its compliance infrastructure courtesy of a partnership with Napier AI.
Migrating to Napier AI’s Continuum platform permits Brighter Tremendous to profit from Kubernetes-based scalability and intuitive rule-testing capabilities, serving to compliance groups adapt to altering rules.
Headquartered in London, Napier AI made its Finovate debut at FinovateEurope 2018.
One of many largest superannuation funds in Queensland, Australia, Brighter Tremendous, has partnered with monetary crime prevention platform Napier AI. The fund will leverage Napier AI’s Continuum answer to enhance scalability, enhance regulatory preparedness, and increase operational effectivity.
“Brighter Tremendous is a wonderful instance of how a forward-looking establishment can use expertise to drive compliance transformation,” Napier AI CEO Greg Watson stated. “By adopting Napier AI Continuum, Brighter Tremendous has constructed a scalable, future-ready compliance operation that not solely meets as we speak’s regulatory expectations, but in addition positions them for continued development.”
Based mostly in Queensland, Australia, Brighter Tremendous migrated from an on-premise system to Napier AI’s hosted setting. The fund now options streamlined post-merger integration, Kubernetes-based scalability, and intuitive rule-testing capabilities that can assist future-proof compliance groups, enabling them to higher adapt to ever-evolving rules.
“Napier AI has been instrumental in serving to us modernize and scale our compliance operations to maintain tempo with an evolving superannuation business,” Brighter Tremendous Chief Threat Officer Shawn Chan stated. “As we built-in a number of funds and transitioned to a cloud-based setting, Napier’s platform gave us the pliability and management we wanted—with out added complexity. The user-friendly interface meant our staff may adapt shortly, even throughout structural adjustments.”
Brighter Tremendous manages greater than A$36 billion ($23.3 billion) in retirement financial savings for greater than 348,000 members. The fund has skilled important, M&A-related development in recent times, merging with Power Tremendous in 2021 and buying Suncorp Portfolio Providers Restricted in 2022. This fall, Brighter Tremendous introduced that it had chosen SuperChoice as its clearing home companion forward of the brand new Payday Tremendous rules that go into impact in July 2026. Additionally this fall, Brighter Tremendous prolonged its partnership with MATES in Power. MATES is a building business charity created in 2008 to assist scale back the excessive suicide price amongst building employees. The charity has since been expanded to incorporate employees from different industries, corresponding to power.
Headquartered in London, and based in 2015, Napier AI made its Finovate debut at FinovateEurope 2018. The corporate started this yr securing a majority development funding from Marlin Fairness Companions, which took the corporate’s complete funding to greater than $55 million. The previous few months have been particularly busy for Napier AI. The corporate appointed Noel King as Chief Expertise Officer in June, Kenneth Paqvalén as Chief Monetary Officer in July, and Adam Flowers as new Chief Income Officer in September. Napier AI partnered with UAE-based lottery operator Sport LLC in October and, earlier this month, was chosen for FCA Supercharged Sandbox launch—supported by fellow Finovate alum NayaOne.
“When deployed in specialist areas corresponding to monetary crime, AI can drive billions in price financial savings,” Napier AI Chief Product Officer Will Monk stated. “The Napier AI / AML Index confirmed that UK monetary establishments may save £2.5 billion yearly via AI-driven AML options, and the FCA’s Supercharged Sandbox is the proper platform to streamline this improvement and deployment to place this price saving into motion.”
Picture by Metropolis of Gold Coast on Unsplash
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