DUBAI, United Arab Emirates, July 20, 2021– (BUSINESS WIRE) – Napier, a provider of advanced financial crime compliance solutions, has announced that it has expanded its global presence by opening a new office at the Dubai International Financial Center (DIFC), the global financial center and the main FinTech hub in the MEASA region.
Strategically located between East and West, DIFC is recognized as the premier financial center in the Middle East, Africa and South Asia (MEASA). Located in the newly inaugurated Innovation Center, which is part of the Dubai Future District, Napier’s new base in the United Arab Emirates places provider RegTech at the center of the region’s largest collection of financial services companies.
Salmaan Jaffery, Director of Business Development at DIFC Authority, said: “The world’s leading financial and FinTech institutions are based at DIFC and we are delighted to welcome Napier to the fold. access to a community of like-minded entrepreneurs, experts and tech 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 industry.
Napier is already working on AI-based financial crime solutions with many organizations across MEASA, including the Saudi Arabian Monetary Agency, the UAE Central Bank and directly with DIFC. The new UAE base is part of a larger global strategy that sees RegTech now established in all of the world’s major financial centers, working with companies on KYC, AML and trade compliance.
Greg Watson, COO at Napier, said, “DIFC is recognized internationally as a leading global center for FinTech and establishing a presence here will allow us to better serve our clients operating both locally and in international markets. the ambition we see across the UAE as they strengthen their position as a modern global financial hub, so it’s very important for us to be here. “
Based in London, Napier works with international clients and has a presence in North America, Australia and Dubai, while its footprint in APAC has also been strengthened recently with key recruitments in the sector and the addition of new ones. offices in Singapore and Kuala Lampur.
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