RegTech Provider Napier Strengthens Foothold in APAC

Napier, a provider of next-generation anti-financial crime compliance solutions, has continued its global expansion strategy by opening a second APAC office within 10 months, based in Kuala Lumpur.

The London-based Regtech firm, which works with financial organisations worldwide to provide an AI-led platform for intelligent AML & trade compliance, doubled its annual revenue in 2020 adding a significant number of new clients to its platform globally. It continues to grow an impressive roster of clients in APAC, recently announcing significant deals with Australia Post and a number of other major financial institutions.

Greg Watson, Chief Operating Officer at Napier, said: "Financial criminals are sophisticated and the fight is a global one, so we're constantly looking at ways to evolve as a business. This means leading the way in terms of offering the most advanced technology, and also having a presence in global financial hubs around the world to be as close to the action as possible. Increasing our footprint in APAC is part of this global strategy to enable us to better serve our customers that operate locally and across international markets."

Napier also has presence in the UK, USA, Australia and Dubai. It aims to continue its growth in 2021 and recently appointed former HSBC Group COO and BCG Global Banking Chair, Andy Maguire, to its Advisory Board. He will use his vast industry experience to provide strategic direction as the business continues its rapid global expansion.