KARACHI, June 12, 2026 — Global technology and services company Concentrix Corporation has announced a strategic collaboration with RegTech firm Napier AI to deploy an AI-powered anti-money laundering (AML) compliance solution specifically targeting the Australian and New Zealand (ANZ) market.
The partnership combines Napier AI’s machine learning-driven compliance platform with Concentrix’s broader financial crime and RegTech capabilities, creating an end-to-end offering designed for financial services organizations of all sizes.
Banking-Grade AML and Sanctions Screening
The joint solution delivers what both companies describe as banking-grade AML and sanctions screening, aiming to help organizations move beyond legacy compliance frameworks that are increasingly“unfit for purpose”. The offering addresses critical gaps in traditional transaction monitoring systems that struggle with evolving financial crime threats, including money muling and misuse of digital currencies.
At the core of the solution is Napier AI’s Continuum platform, which the company reports is already trusted by more than 100 institutions worldwide. The platform’s capabilities are engineered to reduce false positives in alert management while simultaneously improving detection accuracy to minimize false negatives.
Tranche 2 Reform Timing
The launch timing carries significant regulatory importance. Tranche 2 of Australia’s AML reform programme extends obligations to lawyers, accountants, real estate agents, and other designated non-financial businesses and professions—sectors that historically operated outside formal AML regimes.
This collaboration is specifically designed to support organizations navigating this next wave of regulatory change, with a strong focus on banking and financial services, as well as Tranche 2–impacted entities.
Executive Statements on Strategic Importance
Dhiraj Kumar, Concentrix GVP of Growth for ANZ, stated:
“Financial crime compliance is at a pivotal moment in ANZ, where institutions must balance increasing regulatory demands with the need to deliver seamless customer experiences. Our collaboration with Napier AI enhances our broader ecosystem of capabilities, strengthening our ability to deliver intelligent, tech-powered solutions that help clients stay ahead of financial crime while driving operational efficiency and innovation.”
Ron Mullins, Napier AI Head of Asia Pacific, emphasized:
“Nobody should have to choose between effective compliance and business growth. By partnering with Concentrix, we’re combining cutting-edge AI technology with global scale and transformation expertise to help organisations across ANZ rethink how they approach financial crime – making compliance smarter, faster, and more trusted.”
Beyond Transaction Monitoring
The joint offering extends beyond AML transaction monitoring and sanctions screening. It is designed to support:
These capabilities address the dual challenge compliance professionals face: keeping up with complex regulations while embracing technological innovation.
Potential Impact on Dirty Money Flow
The regulatory context underscores the partnership’s significance. According to the Napier AI / AML Index 2024-2025, in 2023, $34 billion (USD) of dirty money passed through Australia and New Zealand. The report estimates that implementing AI in regulatory compliance could prevent almost half of this amount from passing through the region illegally.
Australia and New Zealand are actively tightening their regulatory frameworks to address evolving financial crime threats. Australia has signed the Bletchley Declaration and proposed extending AML obligations to broader sectors, while New Zealand is strengthening its AML and counter-terrorism financing framework by expanding regulatory obligations.
Market Focus and Ecosystem Expansion
Concentrix announced this collaboration as part of its expanding financial crime compliance ecosystem. The partnership lays the FCC (Financial Crime & Compliance) foundation for both Concentrix Financial Crime & Compliance and Napier AI in the Australia and New Zealand market.
Concentrix’s Financial Crime & Compliance specialised services provide AI-powered financial crime operations at scale, leveraging insights from more than 10,000 financial crime and regulatory experts to integrate cutting-edge technologies.
Transforming Compliance into Strategic Advantage
Both companies emphasize that this partnership represents more than meeting regulatory requirements. According to Concentrix’s LinkedIn announcement, the collaboration aims to transform compliance into a strategic advantage by reducing risk, improving efficiency, and unlocking better outcomes for both businesses and their customers.
In today’s environment, staying ahead of financial crime means rethinking how compliance works, moving from reactive compliance toward intelligent, insight-led financial crime prevention.
Industry Context
The announcement comes as Australian banks explore using large language models and generative AI to counter financial crime, though challenges remain amid stringent data laws and legacy systems. New legislation has been passed to extend AUSTRAC’s AML regime to Tranche 2 entities, meaning lawyers, accountants, and real estate professionals may now be required to conduct ongoing due diligence.
Both nations are emphasizing public-private partnerships to streamline compliance and enhance detection mechanisms, setting the stage for a dynamic regulatory environment that mitigates emerging risks while encouraging sustainable innovation.