Napier, provider of next-generation anti-financial crime compliance solutions, has continued its aggressive global expansion strategy with the opening of a second APAC office within 10 months.
RegTech provider strengthens foothold in APAC
AML compliance tech company continues global growth plan
London - May 2021:
Adding a Kuala Lumpur presence to the Singapore base that was established last year, the London-headquartered company also announces additions to its senior leadership team to further strengthen its foothold in APAC. Wall Street and Silicon Valley alumni Robin Lee takes over as Head of APAC while Hwee Kun Ho, formerly of Salesforce, Refinitiv and Dow Jones, has been hired as APAC Head of Sales.
Napier, which works with financial organisations around the globe to provide an AI-led platform for intelligent AML and trade compliance, doubled its annual revenue in 2020. It has continued to grow its impressive roster of clients in APAC, having recently announced partnerships with Australia Post and a number of other major financial institutions.
As a real marker of its expansion in APAC, Napier was recently recognised with a prestigious award win for Best AML/CTF Solution in the Regulation Asia Awards for Excellence 2020.
Greg Watson, Chief Operating Officer at Napier, said: “Financial crime is incredibly dynamic, such that it requires us to remain at the very frontline of what is an ongoing battle. Increasing our footprint in APAC is part of a global strategy that will enable us to better serve our customers that operate both locally and across international markets.
“Financial criminals are sophisticated, and the fight is a global one, so we’re constantly looking at ways to evolve as a business,” Greg continued. “This means both leading the way in terms of offering the most advanced technology, but also having a presence in global financial hubs around the world so that we can be as close to the action as possible.”
In addition to its offices in APAC, Napier also has presence 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. Andy will use his vast industry experience to provide strategic direction as the business continues its rapid global expansion.
Robin Lee, Head of APAC at Napier, said: “I’m delighted to take on the role of Head of APAC as we accelerate our growth here. The financial sector is increasingly seeing the benefit of technologies such as AI and machine learning when it comes to tracking suspicious activity. We’re able to combine tools such as transaction monitoring and client screening into a single integrated platform to make KYC-AML data easily accessible by compliance teams.”