Napier Hires Andy McGuire as Its New Chairman

Napier recently announced that it has hired Andy Mcguire as its new Chairman and will take the helm for this fast-growing RegTech.

Recently announced in an official press release, Andy Mcguire, an executive veteran with more than thirty years of experience from the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term sector, has been named by Napier, the world’s first end-to-end intelligent compliance platform and a provider of advanced anti-financial crime compliance solutions, as its new Chairman.

In February 2021, McGuire began working with Napier in an advisory capacity. Presently, the company has appointed him to preside over its Board as it moves into a new stage of growth.

Moreover, McGuire brings more than three decades of international experience from the fintech sector. Presently, he presides as Chairman of the BCG Banking Practice, Chairman of Thought Machine and a Board Member at AIB.

Previously, Napier doubled its annual revenue in 2020 by providing its award-winning AI-enhanced platform for intelligent AML and financial crime compliance. It now services over 200 clients including tier one banks, payment providers, FX, crypto and other financial institutions, such as Dow Jones, Australia Post and Refinitiv.

McGuire’s Background

Prior to joining the ranks of Napier, McGuire served HSBC Holdings as its Group Chief Operating Officer. For more than five and a half years, he successfully fulfilled the requirements of the role.

Earlier on at The Boston Consulting Group, he spent a large part of his career as the Senior Partner and Managing Director. Based in London, he triumphed as he served the company for a good sixteen years.

Before that, he spent a year with AT Kearney as its Principal. Also, McGuire’s earliest known positions were with The MAC Group and Gemini Consulting as a Principal for both companies. He held on to these two positions simultaneously from 1994 to 1997.

Financial Crime and Operational Risks

Julian Dixon, Founder and CEO at Napier, said: “An early adopter of digital transformation in the banking sector, Andy’s experience is simply incomparable when it comes to understanding financial crime and operational risks on a global scale. Ever since he joined us in February, we’ve been benefitting from his vast wealth of knowledge and guidance. I am delighted that we stand to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term so much more from his greater involvement in the business as its Chair moving forward.”

“From the bottom up, the talent at Napier is the true driving force of this rapidly expanding RegTech. I am honoured to be elected Chair and to be able to work so closely alongside a leadership team that knows this industry inside out and, importantly, knows how to win. With such a robust and future-proofed solution at our hands, our mission now is to continue levelling up the compliance capabilities for organisations around the world combatting financial crime,” McGuire added.