UK Financial Crime Solutions Specialist Napier Opens Office in Dubai
The fintech is no stranger to the MENA region having worked with the Saudi Arabian Monetary Agency, the Central Bank of UAE and the location of its new offices, the DIFC.
Dubai International Financial Centre (DIFC) has welcomed a new resident to its innovation hub in leading UK fintech, Napier. Founded in 2015, the AI-powered startup develops an intelligent compliance platform for AML and trade compliance that aims to combat financial crime threats and reduce financial and reputational risk for clients.
The move is seen as a shrewd first step to MENA expansion, though Napier is no stranger to the region, having worked on anti-financial crime solutions with the Saudi Arabian Monetary Agency, the Central Bank of UAE and the DIFC itself, which offers Napier the luxury of being at the centre of much of the region’s financial happenings. The startup understands this all too well and has put boots on ground accordingly, hiring extensively across support, sales, client and professional services for its Dubai-based team.
“DIFC is recognised internationally as a leading global center for fintech and building a presence here will enable us to better serve our clients operating both locally and in international markets,” commented COO, Greg Watson, on the benefits that Napier will reap in its new home. “Innovations in technologies to improve financial compliance are a key part of the huge ambition that we see across the UAE as it strengthens its position as a modern global financial hub, so it’s very important for us to be here.”
The new Dubai office comes off the back of Napier making similar moves to strengthen its foothold in the Asia-Pacific region, opening offices and making key hires in Singapore and Kuala Lumpur.
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