Superannuation fund Brighter Tremendous is upgrading its compliance infrastructure courtesy of a partnership with Napier AI.
Migrating to Napier AI’s Continuum platform permits Brighter Tremendous to learn 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 resolution to enhance scalability, enhance 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 immediately’s regulatory expectations, but in addition positions them for continued development.”
Based mostly in Queensland, Australia, Brighter Tremendous migrated from an on-premise system to Napier AI’s hosted setting. 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 raised 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 trade,” Brighter Tremendous Chief Danger Officer Shawn Chan mentioned. “As we built-in a number of funds and transitioned to a cloud-based setting, Napier’s platform gave us the flexibleness and management we wanted—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 development 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 trade charity created in 2008 to assist scale back the excessive suicide charge amongst building staff. The charity has since been expanded to incorporate staff from different industries, corresponding 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 development 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 Know-how 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 corresponding 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 via AI-driven AML options, and the FCA’s Supercharged Sandbox is the proper platform to streamline this growth and deployment to place this price saving into motion.”
Photograph by Metropolis of Gold Coast on Unsplash
Views: 558
