Noqodi Partners With Napier To Secure Digital Payments In The Uae

By Author: Arina Smith
Total Articles: 185
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Napier, a London-based RegTech specializing in anti-money laundering (AML) and financial crime compliance, has been chosen as the AML platform for noqodi, a leading Digital Wallet and Payments Solution in the United Arab Emirates (UAE). This collaboration aims to enhance the security and compliance of noqodi's digital payment platform amid the significant rise in digital payment adoption in the Middle East.

Napier's solutions for noqodi include Transaction Monitoring, Client Screening, Client Risk Assessment, and Client Activity Review. Key features involve a sandbox environment for screening configuration optimization, API-enabled real-time and batch screening supporting multiple languages, AI fuzzy matching, secondary scoring capabilities, and configurable dashboards with no-code rule building for efficient decision-making. These features align with noqodi's commitment to innovation, security, and compliance.

The partnership comes at a crucial time as the Middle East experiences a surge in digital payment volumes, particularly a 44 percent increase from small and medium enterprises (SMEs) in the UAE in 2022. ...
... noqodi's digital payment solution, now fortified by Napier's NextGen monitoring and screening, offers a unified and automated platform for seamless money transfers integrated with partner merchants, banks, and government services.

Zahi Kallab, General Manager of noqodi, emphasized the significance of the partnership in revolutionizing digital payments, elevating financial crime prevention standards, and contributing to the growth and security of the digital economy in the UAE. The collaboration reflects noqodi's strategic vision for the future of digital transactions in the region.

Syed Zain Khalid, Risk and Compliance Manager at noqodi, highlighted the autonomy gained through partnering with Napier, enabling secure configuration and scaling of their payments platform during this period of growth. The partnership is expected to strengthen noqodi's risk management framework, streamline compliance processes, and set new benchmarks for industry best practices.

Greg Watson, CEO at Napier, expressed pride in supporting noqodi's efforts to reshape digital payments in the UAE. Napier's real-time, NextGen compliance solutions aim to establish a new standard of compliance excellence in the financial landscape of the UAE.

In summary, Napier's selection as the AML platform for noqodi signifies a strategic collaboration to bolster the security and compliance of digital payments in the UAE, aligning with the region's growing trend towards a cashless, digital economy.