Napier AI, a London-based leader in financial crime compliance technology, has teamed up with The Game LLC, the UAE Lottery’s licensed operator, to boost digital community involvement and ensure regulatory adherence throughout the UAE.
After conducting a “strategic review” of its anti-financial crime systems, The Game LLC enlisted Napier AI. Known for its anti-money laundering and financial crime compliance software solutions for banks, payment companies, and asset management firms, Napier AI deployed its Client Screening solution.
This advanced system performs comprehensive checks on customer names, politically exposed persons (PEPs), sanctions, and negative media during onboarding, effectively identifying high-risk individuals and entities.
Stay informed with the latest updates. Follow KT on WhatsApp Channels.
The technology was implemented in less than 11 weeks, with initial findings showing a decrease in false positives. This allows The Game LLC’s compliance team to concentrate on more critical alerts.
Greg Watson, CEO of Napier AI, commented: “Our ability to significantly reduce false positives showcases the strength of AI-driven solutions in meeting changing regulatory demands while fostering large-scale innovation.”
