Napier AI, the AI-powered monetary crime compliance answer supplier, has secured a majority development funding from world funding agency Marlin Fairness Companions, enabling it to help its go-to-market growth globally.
Napier AI, which makes use of information science ideas to equip financially regulated corporations with compliance-first AI to remain forward of refined monetary crime threats, hopes to additional advance its market place by ongoing analysis and growth and help its go-to-market growth globally.
Based in London in 2015, Napier AI has established a powerful place in financial compliance, with its Continuum platform trusted by over 100 establishments worldwide, together with HSBC, State Road, Mizuho Belief & Banking, Starling Financial institution, and ClearBank.
As AI adoption continues to develop at a seemingly exponential price throughout industries, this development seems no completely different in anti-money laundering and counter-terrorist financing. The funding from Marlin marks a development part for the corporate, centered on advancing AI applied sciences, enhancing monetary crime detection, and prioritising customer-centric regional tech hubs.
“The Napier AI group impressed us with their strategic and modern product providing, and devoted buyer focus. Because the regulatory panorama turns into extra advanced, this mission-critical compliance-first AI platform is well-positioned to ship continued development within the world anti-financial crime market,” defined Mike Wilkinson, a managing director at Marlin Fairness Companions.
Making certain compliance with AI
“We consider our AI-enabled merchandise and passionate workers permit us to ship distinctive worth to prospects and companions,” stated Greg Watson, CEO of Napier AI. “In an period of ever-evolving monetary crime threats, having a contemporary answer leveraging AI and automation is paramount to sustaining regulatory compliance and defending the monetary companies business from unhealthy actors.
“We’re delighted to have discovered the precise accomplice at such a pivotal second in our journey to assist us proceed our momentum and develop the Napier AI model globally. Marlin has an unimaginable heritage in serving to companies like ours to scale and innovate, and we’re assured each our prospects and our groups will see fast advantages from Marlin’s funding.”
Marlin, an funding agency headquartered in Los Angeles with over $9billion in capital commitments, has efficiently accomplished over 250 acquisitions.
