- 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 profit from Kubernetes-based scalability and intuitive rule-testing capabilities, serving to compliance groups adapt to altering rules.
- 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 answer to enhance scalability, improve regulatory preparedness, and enhance operational effectivity.
“Brighter Tremendous is a wonderful instance of how a forward-looking establishment can use know-how to drive compliance transformation,” Napier AI CEO Greg Watson stated. “By adopting Napier AI Continuum, Brighter Tremendous has constructed a scalable, future-ready compliance operation that not solely meets as we speak’s regulatory expectations, but additionally positions them for continued progress.”
Based mostly in Queensland, Australia, Brighter Tremendous migrated from an on-premise system to Napier AI’s hosted atmosphere. 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 rules.
“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 Threat Officer Shawn Chan stated. “As we built-in a number of funds and transitioned to a cloud-based atmosphere, Napier’s platform gave us the flexibleness and management we wanted—with out added complexity. The user-friendly interface meant our crew might adapt rapidly, 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 in recent times, merging with Power 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 rules that go into impact in July 2026. Additionally this fall, Brighter Tremendous prolonged its partnership with MATES in Power. MATES is a building business charity created in 2008 to assist cut back the excessive suicide charge amongst building employees. The charity has since been expanded to incorporate employees from different industries, reminiscent of power.
Headquartered in London, and based in 2015, Napier AI made its Finovate debut at FinovateEurope 2018. The corporate started this 12 months 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 Recreation 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 reminiscent of monetary crime, AI can drive billions in value financial savings,” Napier AI Chief Product Officer Will Monk stated. “The Napier AI / AML Index confirmed that UK monetary establishments might save £2.5 billion yearly by means of AI-driven AML options, and the FCA’s Supercharged Sandbox is the proper platform to streamline this growth and deployment to place this value saving into motion.”
Photograph by Metropolis of Gold Coast on Unsplash
The publish Superannuation Fund Brighter Tremendous Selects Napier AI to Improve Compliance Infrastructure appeared first on Finovate.
