noqodi, a UAE-based payments firm, has partnered with London-based financial crime compliance RegTech Napier, to secure digital payments domestically.
The collaboration aims to fortify noqodi’s digital payments platform with NextGen monitoring and screening from Napier. The UAE’s central bank’s compliance standards remain a focal point for noqodi, encouraging the company to continually advance its financial crime prevention measures.
Napier’s real-time compliance solutions will bolster noqodi’s initiative to revolutionise digital payments and set new standards for compliance excellence in the UAE’s financial landscape.
The RegTech will provide noqodi with Transaction Monitoring, Client Screening, Client Risk Assessment, and Client Activity Review solutions, aiming to further enhance the government’s secure, cashless, digital economy initiative.
noqodi, fully owned by emaratech and regulated by the UAE Central Bank, offers a comprehensive payment solution that facilitates digital account management and seamless transactions through multiple channels.
Zahi Kallab, General Manager of noqodi highlighted, “This partnership with Napier marks a significant milestone for noqodi in our journey towards revolutionising digital payments in the UAE. Our commitment to innovation, security, and compliance aligns seamlessly with Napier’s advanced solutions. Together, we aim to elevate the standards of financial crime prevention and contribute to the continuous growth and security of the digital economy in the region.
“This collaboration reinforces our dedication to providing a cutting-edge, secure, and compliant payments platform for our users, reflecting our strategic vision for the future of digital transactions in the UAE,” he continued.
Syed Zain Khalid, Risk and Compliance Manager at noqodi stated, “Partnering with Napier has given us the autonomy to configure and scale our payments platform securely in this exciting period of growth for the company. We look forward to the positive impact this partnership will have on strengthening our risk management framework, streamlining our compliance processes, and setting new benchmarks for industry best practices.”
Greg Watson, Chief Executive Officer at Napier added, “noqodi is changing the face of digital payments for the UAE. We’re proud to deliver our real-time, NextGen compliance solutions to support this and set a new standard of compliance excellence in UAE’s financial landscape.”
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