Switzerland-based private digital bank Alpian has partnered with financial crime compliance technology specialist Napier. Napier’s AML compliance solutions are set to upgrade the bank’s risk management capabilities.
The partnership between Alpian and Napier looks to bring an end-to-end risk management platform for the bank. Napier is to supply the digital bank with a full suite of financial crime compliance technology solutions.
The move is supported by Napier‘s intelligent compliance platform, Napier Continuum. The platform offers AI-enhanced risk management capabilities spanning the entire risk profile of Alpian customers.
Only recently, in October 2022, Alpian publically launched after raising ₣19 million during Series B+ funding. The private digital bank has already announced a partnership with Visa. The partnership enables the bank to offer Visa’s premium metal debit card across Switzerland.
Since Alpian’s public launch, the bank has not been short of announcements. At the end of November 2022, the bank announced it had appointed Swiss Formula E driver Sébastien Buemi as honorary “chief inspiration officer”. The move highlights the Swiss bank’s plans to rapidly expand, using such endorsements to expand its brand awareness.
Following Alpian’s success, its collaboration with Napier looks to ensure that it is able to stay compliant with ever-changing regulations.
Using ‘advanced compliance technology’
Schuyler Weiss, CEO and co-founder at Alpian, explained the importance of the move to ensure compliance. Weiss commented: “Switzerland has some of the strictest banking regulations in the world and, as its first digital private bank ensuring we’re fully compliant is critical. But for us, it’s also about delivering the highest possible level of security for our customers and ensuring a seamless user experience.
“Partnering with Napier arms Alpian with the most advanced compliance technology in the market, enabling us to meet and exceed the benchmark of the regulators, as well as deliver a trusted service to our customers.”
Greg Watson, CEO of Napier, also commented on the partnership. He said: “We’re delighted to partner with Alpian to build its financial crime risk management strategy.
“Alpian are one of those organisations that we get excited to work with because we share that ethos of championing technological innovation.
“This partnership helps them to futureproof their operations and support their global growth.”