A UK company specialising in using artificial intelligence in compliance solutions is creating over 100 new jobs in Northern Ireland paying average salaries of nearly £50,000.
Napier AI provides anti-money laundering and anti-financial crime compliance solutions, and specialises in using AI and machine learning technologies to improve financial crime compliance for top banks.
The investment, including the opening of a new office in Belfast, was supported by economic development agency Invest NI.
And Napier AI said it had passed up on opportunities to open in locations like Warsaw, Porto and Lisbon to launch in Belfast instead.
Around 25 of the jobs have been filled already, but the company said it will be recruiting in future for roles including software developers, business analysts, and programme managers.
Welcoming the company, Economy Minister Caoimhe Archibald said: “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.”
According to the company, the new Belfast office “will play a key role in advancing its cutting-edge technologies while fostering innovation within Northern Ireland’s thriving fintech ecosystem”.
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 said its choice of Belfast followed “rigorous evaluation” of other global locations.
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 £5mi in additional annual salaries to our economy. We look forward to working with the company as it establishes and expands its presence here.”