London-based financial crime compliance RegTech Napier AI has appointed industry veteran Noel King as its chief technology officer (CTO).
The appointment comes as the firm looks to expand its AI-enabled financial crime compliance software to combat money laundering.
King joins with decades of experience spanning tech strategy, cloud infrastructure and cybersecurity, having most recently served as the CTO at Implement Technologies and Shipyard Technology Ventures.
He has previously leveraged cloud-native platforms for global corporations such as Mastercard and Goldman Sachs.
In the role, King will build financial crime compliance software products across client screening, transaction monitoring and transaction screening, helping high-profile financial institutions combat financial criminals and protect against losses.
“Our mission is to be the global leader in financial crime compliance software, and Noel is the perfect person to make that happen,” said Greg Watson, CEO of Napier AI.
“His expertise in building and scaling technology companies will be invaluable as we continue on our exciting journey of helping financial institutions across the globe root out financial crime.
“Technology has a vital part to play in that and Noel’s leadership will help us double down on our tech vision and bring AI to the forefront of anti-money laundering.”
The news comes just a couple of months after Marlin Equity Partners completed a majority growth investment in the firm.
King added: “Technology and software are our best defence against financial crime, and Napier AI is best positioned to solve that problem globally. We understand the challenges facing financial institutions.
“They’re tasked with screening large networks of transactions, people and businesses for malicious financial criminals in a landscape that’s growing increasingly sophisticated and complex.
“We want to build AI-powered tech solutions that wow customers, addressing their future plans and biggest pain points.”
As part of his appointment, King will also lead Napier AI’s Belfast centre of excellence, a new high-performing tech hub in Northern Ireland dedicated to the research and development of the company’s anti-money laundering technology.
King founded Coolest Projects to champion youth innovation in tech.
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