London's Napier AI Secures Major Investment from Crestline Investors
February 21, 2024

Napier, the London-based financial crime compliance regtech, has received a significant investment from Crestline Investors, a US based, credit-focused institutional alternative asset manager, to further accelerate its growth trajectory.

Headquartered in London and founded in 2015, Napier is a provider of AI-enhanced financial crime and regulation technology compliance software providing AML solutions across the banking, payments and wealth & asset management industries.

Its solutions are used by customers to screen, monitor and identify, criminal or suspicious activities, with the added functionality of regulatory reporting. Without these solutions, customers may be exposed to greater financial, reputational, and regulatory risk, or large operational overheads.

Crestline’s investment will help to further business expansion in the coming years, enabling Napier AI to continue developing and serving financial institutions with NextGen screening and monitoring solutions, powered by explainable AI that delivers true value.

“We are pleased to deliver strong, continuous growth in a challenging market," said Greg Watson, CEO at Napier AI. "Financial crime compliance operations and regulatory pressure continue to be large overheads for financial institutions, so there is a need to invest in NextGen AI-enhanced solutions with the benefit of trusted technology and delivery."

Will Palmer, managing director at Crestline, also commented: "We are excited to work with the Napier AI team and believe their market-leading, AI-powered technology platform is well-positioned to help financial institutions and other regulated companies excel in an environment with rapidly expanding transaction volumes and increasing regulatory requirements."