KUALA LUMPUR, July 21 -- Napier, provider of advanced anti-financial crime compliance solutions, has announced its global footprint extension by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.
Strategically located between East and West, DIFC is recognised as the leading financial centre in the Middle East, Africa and South Asia (MEASA). Located in the recently inaugurated Innovation Hub, part of the Dubai Future District, Napier’s new UAE base puts the RegTech provider at the centre of the region’s largest collection of financial services companies.
London-headquartered Napier already works on AI-led anti-financial crime solutions with many organisations across MEASA, including Saudi Arabian Monetary Agency, Central Bank of UAE and directly with DIFC.
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.
In a statement, Napier Chief Operating Officer, Greg Watson, said: “DIFC is recognised internationally as a leading global centre 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.”
DIFC Authority Chief Business Development Officer Salmaan Jaffery said: “The world’s leading financial and FinTech institutions are based at DIFC and we are delighted to welcome Napier into the fold.”
Napier works with international customers and has a presence in North America, Australia and Dubai, while its foothold in APAC was also strengthened recently with key senior hires from the industry and the addition of new offices in Singapore and Kuala Lumpur.
-- BERNAMA
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