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RegTech Napier AI lands £45m investment from Crestline

By Gloria Methri

February 29, 2024

  • AML
  • Compliance Regulatory
  • Crestline
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Napier, Compliance Technology, RegTech, Financial Crime, UKNapier AI, the London-based financial crime compliance RegTech, has received a significant investment from Crestline, to further accelerate its growth trajectory.

Headquartered in London and founded in 2015, Napier AI is a provider of AI-enhanced financial crime and regulation technology compliance software providing AML solutions across the banking, payments, and wealth & asset management industries. Its solutions are used by customers to screen, monitor and identify, criminal or suspicious activities, with the added functionality of regulatory reporting.

Crestline’s investment will help to further business epansion in the coming years, enabling Napier AI to continue developing and serving financial institutions with NextGen screening and monitoring solutions, powered by explainable AI.

“We are pleased to deliver strong, continuous growth in a challenging market. Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery,” said Greg Watson, CEO at Napier AI.

“We are excited to work with the Napier AI team and believe their market-leading, AI-powered technology platform is well-positioned to help financial institutions and other regulated companies excel in an environment with rapidly expanding transaction volumes and increasing regulatory requirements,” said Will Palmer, Managing Director at Crestline.

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