Swiss neobank Alpian partners Napier, goes live on Temenos Banking Cloud
Alpian, Switzerland’s first digital private bank, has selected Napier to utilise its financial crime compliance technology.
The bank will deploy the Napier Continuum compliance platform, arming it with AI-enhanced risk management capabilities and anti-money laundering (AML) functions such as transaction monitoring, customer and transaction screening, risk assessment tools, ongoing AI-led reviews and intuitive reporting functionalities.
“Switzerland has some of the strictest banking regulations in the world and, as its first digital private bank, ensuring we’re fully compliant is critical,” says Schuyler Weiss, CEO and co-founder of Alpian.
The neobank has also gone live with core banking and payments services on Temenos Banking Cloud, hosted on Microsoft Azure. Alpian initially selected Temenos for its cloud-hosted tech in 2020.
The Swiss challenger has deployed the Temenos Multicurrency functionality which allows users to have accounts in four currencies – CHF, EUR, GBP and USD – all connected under one IBAN.
Max Chuard, CEO of Temenos, says the firm’s open platform “will help Alpian to operate more cost efficiently” and “grow sustainably”.
Publicly launched in October this year, Alpian caters to the mass affluent client segment, offering banking and personalised investment services through its mobile app.