Investor services company IQ-EQ is upgrading to Napier’s AI-enhanced Client Screening, according to Napier, a major developer of anti-financial crime compliance solutions.

By automatically checking clients against sanctions, political watchlists, and other important watchlists at pertinent intervals, Napier’s Client Screening solution will significantly improve IQ-current EQ’s systems. Additionally, the AI capabilities will aid IQ-EQ in speeding up screening and lowering the number of false positives.

11 of the top 15 private equity firms in the world are among the clients of IQ-EQ, a global provider of compliance administration, asset management, and advisory services. Additionally, their portfolio includes assets under administration in 24 jurisdictions totaling more than 750 billion US dollars.

“At IQ-EQ we help global investors focus on investing and preserving capital in a sustainable and compliant manner. With several brands under our umbrella and across global markets, we often find data silos which make our screening processes more challenging.

Sally Alayarian, Group Chief Risk Officer, IQ-EQ

By rolling out mass screening across the Group and utilising the solution’s excellent AI capabilities to lower false positives, Napier’s solution will provide us a substantial competitive advantage. This will significantly improve our operational compliance efforts and enable us better service our customer base while ensuring that we do not violate sanctions.

The Napier solution employs advanced fuzzy matching algorithms and natural language processing to eliminate false positives, saving organisations time and allowing them to concentrate on important warnings.

“We are proud to support IQ-EQ and their commitment to combatting financial crime. Our latest generation multi-organisational solution helps solve for complex challenges such as those faced by the financial services industry, and we look forward to reinforcing our partnership with this implementation.”

Cian Harrington, Global Head of Client Transformation, Napier

Several market participants, including banks, payment providers, asset managers, FX specialists, insurance firms, and other regulated organisations worldwide, rely on Napier’s highly adaptable financial crime compliance platform.