Napier AI, a leading provider of anti-money laundering and anti-financial crime compliance solutions, has announced it is opening an office in Belfast, creating 106 jobs.
The new roles will contribute almost £5million in additional annual salaries to the Northern Ireland economy.
Founded in 2015 in London, Napier AI has rapidly expanded, leveraging cutting edge artificial intelligence and machine learning technologies to enhance financial crime compliance for Tier 1 banks.
Economy Minister Caoimhe Archibald has welcomed the investment, stating: "Napier’s decision to establish a base in the north is a vote of confidence in our skilled workforce and thriving fintech ecosystem. AI and machine learning are transforming financial crime prevention, and this investment enhances the north’s reputation as an emerging centre for AI-driven fintech innovation.
“Invest NI has worked closely with Napier AI to secure this significant investment, which will create 106 high-quality jobs with average salaries of over £46,000. These roles provide excellent opportunities for local talent, while hybrid working arrangements will help ensure greater regional balance and accessibility.”
READ MORE: Upstream secures £150m funding for local businesses after successful MBO
Napier AI’s new Belfast office will play a key role in advancing its cutting-edge technologies while fostering innovation within Northern Ireland’s thriving fintech ecosystem. Currently 25 of the roles are in place with future roles on offer including software developers, business analysts, and programme managers.
Greg Watson, CEO of Napier AI, said: “We are delighted to launch our new office in Belfast. The region’s exceptional talent pool, world-class universities, and supportive business environment align perfectly with our mission to make the world safer through intelligent compliance solutions. This investment represents an exciting milestone for Napier AI, and we are committed to delivering long-term value for both the local economy and our global clients.”
The company’s decision to expand into Northern Ireland followed a rigorous evaluation of several global locations, including Warsaw, Porto and Lisbon.
READ MORE: CyberFirst Empower Girls: NI Cyber Sector to Inspire NI Girls to Crack the Code on Future Careers
Welcoming Napier AI to Northern Ireland, Kieran Donoghue, CEO of Invest NI, said: “Attracting industry leaders like Napier AI is a key focus of our new Business Strategy which emphasises driving economic growth through high-value inward investment, innovation and the creation of quality jobs. AI is revolutionising financial services, and by choosing Northern Ireland, Napier AI joins a dynamic community of companies shaping the future of the sector.
“Once in place, the new roles will contribute almost £5million in additional annual salaries to our economy. We look forward to working with the company as it establishes and expands its presence here.”
Read Sync NI's free online Big Data Belfast autumn magazine here.
Subscribe to the Sync NI newsletter for all the latest technology news, jobs and upcoming events in Northern Ireland.
Visit Sync NI online for the latest technology news in Northern Ireland.
