By PAUL O’DONOGHUE, Senior Correspondent
NAPIER AI, a London-based financial crime compliance RegTech company, is opening a new Centre of Excellence in Belfast, Northern Ireland.
This is part of the company’s ongoing investment in research and development (R&D).
The new technology hub will create over 100 jobs. It follows a “significant” investment from Marlin Investors. The aim is to leverage Belfast’s growing role as a European technology hub.
Napier AI is a RegTech (Regulatory Technology) business which makes anti-money laundering and financial crime compliance software for financial institutions, payments and wealth and asset management firms. Napier AI said it “designs and engineers technological innovation to make a measurable difference in driving down financial crime”.
The Belfast centre will focus on three main goals:
- Building a new high-performing technical team.
- Developing NextGen, the company’s AI-driven financial crime compliance platform.
- Expanding to house more than 100 employees by 2026.
Caoimhe Archibald, Northern Ireland’s Minister for the Economy, said officials worked closely with the company to secure this investment. “It will create 106 high-quality jobs with average salaries of over £46,000,” he said. “These roles offer excellent opportunities for local talent. Hybrid working arrangements will help ensure greater regional balance and accessibility.”
Kieran Donoghue, CEO of Invest NI, added, “Once in place, these roles will contribute almost £5 million in additional annual salaries to our economy. AI is revolutionizing financial services. By choosing Northern Ireland, Napier AI joins a dynamic community of companies shaping the future of the sector.”
Greg Watson, CEO of Napier AI, emphasized that the region’s “exceptional talent pool, world-class universities, and supportive business environment” were key factors in attracting the company. “This investment marks an exciting milestone for Napier AI,” he said, adding: “We are committed to delivering long-term value for both the local economy and our global clients.”
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