RegTech Napier boosts expansion with second APAC office

Anti-financial crime compliance solutions provider Napier continued its aggressive global expansion by opening a second APAC office within 10 months.

Adding a Kuala Lumpur presence to the Singapore base established last year, the London-headquartered company also made senior leadership appointments to further strengthen its foothold in APAC. Wall Street and Silicon Valley alumni Robin Lee took over as Head of APAC while Hwee Kun Ho, formerly of Salesforce, Refinitiv and Dow Jones, stepped in as APAC Head of Sales.

Indeed, the past year has been busy for the firm. Napier, 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 its roster of clients in APAC after it reeled in deals with Australia Post and a number of other major financial institutions.

Commenting on the new branch, Napier COO Greg Watson 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 boasts of footprint 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.

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