- London-based regtech Napier AI has secured a £45 million investment from US-based Crestline Investors to support its business expansion plans.
- Napier AI, founded in 2015, utilizes big data, artificial intelligence (AI), and machine learning to provide anti-money laundering (AML) and corporate compliance solutions.
- The investment will drive the firm’s growth efforts and contribute to the development of its explainable AI-powered screening and monitoring offerings.
- Napier AI currently serves 150 institutions and sees the investment as crucial during a transformative period in the industry for know-your-customer (KYC) and AML solutions.
- The funding follows recent partnerships with firms like Starling Bank and Lyra Group.
![UK regtech Napier AI secures £45m funding from Crestline Investors UK regtech Napier AI secures £45m funding from Crestline Investors](https://www.fintechinshorts.com/wp-content/uploads/2024/03/pexels-angela-roma-7319161-1068x1602.jpg)
UK regtech Napier AI secures £45m funding from Crestline Investors
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a...
Banking
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest...
Banking
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's...
Banking
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit...
Banking
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...