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Simplex chooses Napier for AML upgrade

Thursday 23 September 2021 13:40 CET | News

UK-based Napier has announced that Simplex, a fiat infrastructure for the crypto industry, has opted for Napier’s Transaction Monitoring tool as part of an upgrade to its AML defences.

Napier’s Transaction Monitoring will give Simplex a systematic, intelligent review of its transactions and help it to identify suspicious patterns of behaviour that would be otherwise difficult to spot amongst high volumes of data. 

Based in Israel and founded in 2014, Simplex is an EU-licensed financial institution that processes and guarantees secure fiat-to-crypto payments. The platform supports over 50 government-issued currencies, facilitating a range of payment methods including Visa, MasterCard, Apple Pay, SEPA and SWIFT.  

The London-headquartered regtech Napier has also been expanding its global footprint with office openings in the Middle East and APAC.

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Keywords: Napier, partnership, transaction monitoring, AML
Categories: Fraud & Financial Crime
Companies:
Countries: United Kingdom
This article is part of category

Fraud & Financial Crime