Napier AI Lands £45 Million In Funding To Accelerate Growth
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Napier AI is a provider of AI-driven financial crime and regulation technology compliance software. The company has announced that it has secured a £45 million financing from Crestline Investors, Inc., a Credit-driven Institutional investment manager based in the US.
Napier AI wants to use this funding to hasten its growth path, underlining the turning point in the company for anti-money laundering (AML) and know-your-customer (KYC) solutions.
Napier AI Wants To Offer Monitoring And Screening Solutions To Financial Institutes
Napier AI was established in 2015 and its head office is located in London, UK. The firm provides AML services across the asset and wealth management, payments, and banking industries.
Customers use its solutions to identify, monitor, and screen criminal or fishy movements, with the added capability of regulatory reporting. If these solutions aren’t available, clients may be vulnerable to large operational overheads, greater financial risks, and regulatory risks.
The company operates in a big industry with favorable conditions fuelled by rising compliance and regulatory requirements. It has consistently driven impressive revenue growth without significant institutional capital or support from Conventional private equity.
Napier AI Seeks To Revolutionize The Market Through AI-Enhanced Solutions
The Chief Executive Officer at Napier AI, Greg Watson, expressed satisfaction in delivering strong, continuous progress in the challenging marketplace. Regulatory pressure and financial crime compliance services continue to be a substantial overhead for financial institutions.
Following this overflow, the team plans to invest in advanced AI-enhanced solutions with the benefits of delivery and trusted technology.
Crestline’s funding will help boost Napier AI’s development in the next few years. It will also encourage the company to keep on supporting and providing financial institutes with next-generation monitoring and screening solutions, driven by explicable AI that offer true value
The Managing Director at Crestline, Will Palmer, expressed excitement about partnering with the Napier AI team.
He stated that their leading AI-driven technology platform is designed to support financial institutions and other regulatory firms in excelling in a landscape. Encouraging rapid expansion in transaction volumes and increasing regulatory demands.
Napier AI is a RegTech firm, that is focused to deliver AI-driven financial crime compliance and anti-money laundering software to banks, payments, and wealth and management companies. Napier AI is focused on designing technological innovation aimed at significantly driving down financial crime.
Trusted by more than 150 institutions globally, Napier Continuum, the firm’s platform, is revolutionizing compliance from authorized obligations to a competitive advantage.
