London-based advanced anti-financial crime compliance solutions provider Napier has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial center and leading FinTech hub in the MEASA region.
Napier’s new UAE base, which is located in the recently inaugurated Innovation Hub, puts the RegTech provider at the center of the region’s largest collection of financial services organizations.
Napier already collaborates on AI-driven anti-financial crime solutions with several entities in MEASA, including the Saudi Arabian Monetary Agency, the Central Bank of the UAE (CBUAE), and DIFC.
According to the company, “The new UAE base forms part of a wider global strategy that sees the RegTech now established in all key financial hubs across the world, working with firms on KYC, AML and trade compliance.”
“DIFC is recognized 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. 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 world’s leading financial and FinTech institutions are based at DIFC and we are delighted to welcome Napier into the fold. Our new Innovation Hub is the region’s largest and most comprehensive innovation ecosystem and provides FinTechs at all stages of their evolution with unparalleled access to a community of like-minded entrepreneurs, experts, and technology innovators such as Napier. We want to connect a wide range of large and small financial institutions and technology companies and create strong partnerships that will drive global innovation in the financial sector,” commented Mr. Salmaan Jaffery, Chief Business Development Officer at DIFC Authority.
Headquartered in London, Napier is a tech provider, which works with international customers and has a presence in North America, Australia, and Dubai. The Napier platform is fast, scalable, and easily configurable, as well as user-friendly. It rapidly strengthens the AML defenses and trade compliance capabilities, while meeting all the compliance obligations of the client’s company and challenges in any sector.