Crypto Firm BCB Group Implements Robust AML Compliance Technology With Napier

LONDON–() – RegTech company and provider of advanced solutions to fight financial crime, Napier, announced that BCB Group, a crypto-specific provider of payments, business accounts and trading services for the digital asset economy, has chosen its sophisticated AI-powered technology.

BCB Group will use Napier’s transaction screening and monitoring tools to immediately report suspicious activity and support its ongoing commitment to lead the way in anti-money laundering compliance in the UK crypto market.

The BCB Group was the first crypto-focused company to be regulated by the UK Financial Conduct Authority as an authorized payment institution and offers an end-to-end suite of payment processing, cryptocurrency trading, foreign exchange and custody services. The group works with some of the leading blockchain companies including cryptocurrency exchanges, market makers, brokers, investment managers, hedge funds and digital asset investment funds.

Oliver von Landsberg-Sadie, Founder and CEO of BCB Group, said: “Since BCB Group was founded four years ago, we have always prided ourselves on our commitment to best practices and the highest regulatory standards in the UK crypto market. That’s why it was important for us to have the best technology to fight financial crime, and that’s where Napier comes in.

“As an integral part of our ongoing anti-money laundering compliance strategy, Napier’s AI-powered solutions will allow us to focus on rapidly evolving digital asset innovations while fully complying with some of the toughest regulations in the world.”

BCB Group joins a growing list of companies around the world that have worked with Napier in anti-financial crime compliance, including tier 1 banking, payment services, forex, crypto and other financial services. With a presence in the UK, North America, Australia, Singapore and the Middle East, Napier’s global presence is also growing and recently established its headquarters in the United Arab Emirates in Dubai.

Julian Dixon, Napier CEO, said, “Our technology is reducing the growing compliance burden for companies like BCB Group. It can detect unusual transactions, reduce false positives, and identify risks easily and quickly, thereby relieving pressure on internal teams. This is increasingly just as important for operators in emerging financial services markets like crypto as it is for traditional institutions. Our solution is agile and robust enough to offer comprehensive compliance support, even if the complexity of financial crime is constantly evolving. ”