Blockchain Technology Enterprise OwlTing Installs Robust AML Defenses with Napier

SINGAPORE–(BUSINESS WIRE)–Napier, a leading financial crime compliance solutions provider, announced that OwlTing Group, a blockchain technology company, is the latest to leverage Napier’s AI-enhanced technology solutions to develop a effective financial crime compliance system, which enhances its anti-money laundering (AML) and terrorist financing (CTF) defenses and meets relevant regulatory requirements.

Founded in 2010, OwlTing Group is based in Taiwan with branches around the world. In 2021, OwlTing Group launched Owlpay, a one-stop integration payment service for global businesses. OwlPay aims to modernize cross-border B2B transactions by creating a global network of blockchains and stablecoins, offering real-time settlements and clearances for reduced fees with visibility and control, improving operational efficiency, and creating a whole new FinTech experience in enterprises.

Napier’s Customer Screening, Transaction Monitoring and Transaction Screening solutions will work together to provide OwlTing with a scalable and configurable compliance platform that offers comprehensive monitoring of customer activities, quickly and accurately assesses risk and effectively screens customers against global sanctions and watchlists.

Jackal Ting, Chief Compliance Officer at OwlTing, said: “In order to expand our business globally, we are fully aware of the importance of anti-money laundering defenses in a well-integrated payment solution. why we are committed to providing a robust solution that meets regulatory requirements. in all the markets we serve. Napier provides a powerful, easy-to-use, and cost-effective platform that will grow with us. »

Robin Lee, Head of APAC at Napier, said, “OwlTing is a dynamic company that leverages game-changing technologies such as blockchain, so I’m glad they turned to Napier to meet their security requirements. anti-money laundering compliance, which is essential for their guidelines to work.With increasing regulatory measures, companies like OwlTing need an agile compliance solution that will not only evolve as they go their growth, but will also help them keep up with changes and progress in the regulatory landscape.

Based in London, Napier has a growing list of clients around the world, including leading banks, payment providers, asset managers, forex specialists, cryptocurrencies and more. Highly commended at the Regulation Asia Awards for Excellence in 2021, Napier works with regulated and financial organizations to deliver AI-enhanced AML compliance capabilities.

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