Superannuation fund Brighter Tremendous is upgrading its compliance infrastructure courtesy of a partnership with Napier AI.
Migrating to Napier AI’s Continuum platform allows Brighter Tremendous to learn from Kubernetes-based scalability and intuitive rule-testing capabilities, serving to compliance groups adapt to altering laws.
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 resolution to enhance scalability, improve regulatory preparedness, and enhance operational effectivity.
“Brighter Tremendous is a superb instance of how a forward-looking establishment can use expertise to drive compliance transformation,” Napier AI CEO Greg Watson mentioned. “By adopting Napier AI Continuum, Brighter Tremendous has constructed a scalable, future-ready compliance operation that not solely meets at the moment’s regulatory expectations, but in addition positions them for continued progress.”
Based mostly in Queensland, Australia, Brighter Tremendous migrated from an on-premise system to Napier AI’s hosted surroundings. 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 laws.
“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 Danger Officer Shawn Chan mentioned. “As we built-in a number of funds and transitioned to a cloud-based surroundings, Napier’s platform gave us the pliability and management we would have liked—with out added complexity. The user-friendly interface meant our staff might adapt shortly, even throughout structural modifications.”
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 progress lately, merging with Vitality 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 laws that go into impact in July 2026. Additionally this fall, Brighter Tremendous prolonged its partnership with MATES in Vitality. MATES is a building business charity created in 2008 to assist cut back the excessive suicide fee amongst building employees. The charity has since been expanded to incorporate employees from different industries, similar to vitality.
Headquartered in London, and based in 2015, Napier AI made its Finovate debut at FinovateEurope 2018. The corporate started this yr securing a majority progress funding from Marlin Fairness Companions, which took the corporate’s whole 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 similar to monetary crime, AI can drive billions in price financial savings,” Napier AI Chief Product Officer Will Monk mentioned. “The Napier AI / AML Index confirmed that UK monetary establishments might save £2.5 billion yearly by way of AI-driven AML options, and the FCA’s Supercharged Sandbox is the right platform to streamline this growth and deployment to place this price saving into motion.”
Picture by Metropolis of Gold Coast on Unsplash
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