What does Napier AI do?
Napier AI operates by providing solutions that enable customers to screen, monitor, and identify potentially criminal or suspicious activities. Their advanced system is capable of generating regulatory reports, a feature that is crucial in maintaining compliance with financial regulations. By using Napier AI’s solutions, customers can significantly reduce the risk of financial loss and reputational damage that can result from non-compliance. This is achieved by effectively identifying and mitigating potential threats before they can cause harm. In essence, Napier AI works as a proactive shield, safeguarding businesses from the ever-present risks in today’s complex financial landscape.
London-based Napier AI Scores €52 Million to Power Up AI-Driven Financial Crime Fighting
Napier AI, a London-based artificial intelligence (AI) company specializing in financial crime compliance solutions, has secured €52 million in funding from Crestline Investors. The fresh capital injection will fuel the company’s continued growth and expansion of its AI-powered platform that helps financial institutions combat money laundering and other financial crimes.
In short:
- Napier AI secured a €52M investment from Crestline Investors.
- Napier AI’s revenue has grown over 30% year on year since 2021.
- The investment will boost Napier AI’s expansion and development of NextGen solutions.