Freemarket extends partnership with Napier AI to secure FX payments

London, 1 December – Napier AI, the London-based financial crime compliance technology provider, has extended its partnership with international payments firm FreemarketFX to help shape global money movement, while protecting it against money laundering.  

Napier AI will provide transaction monitoring, acting as FreemarketFX’s main system to monitor for financial risks as it helps businesses move money across borders. Research from the Napier AI / AML Index 2025 - 2026 found that UK financial institutions face 250-300 money laundering alerts per day.  

FreemarketFX is a global payment processing company, providing seamless FX capabilities through their market-leading payment infrastructure.

As part of the partnership, FreemarketFX will also use Napier AI’s Insights AI identifies behavioural anomalies by comparing activity to global, local, or peer group norms — highlighting risks that fall outside typical transaction patterns.

Through the deal, Napier AI will support FreemarketFX’s expansion into new global markets, supporting with enhanced operational efficiency to handle additional transaction volumes.  

Jamie King, Head of Compliance and MLRO at FreemarketFX, said: “We are delighted to be working with Napier AI to enhance our transaction monitoring capabilities as we continue to expand globally. Using their AI-driven technology helps us strengthen our compliance framework, reduce false positives, and scale our payment checks while maintaining the highest standards of regulatory oversight. As we enter new markets, having trust and confidence in our monitoring processes is vital to ensure our compliance processes evolve in line with global growth.”

Greg Watson, CEO of Napier AI, commented: “We are proud to support FreemarketFX as they expand their global footprint, using AI to aid their compliance efforts as their volume of payments scales. By combining AI with explainable decision making, we’re helping analysts detect and fight financial risks faster and more accurately to keep payments secure.”

Napier AI’s recent research found that $3.3 trillion could be returned to global economies with AI-powered anti-money laundering strategies by taking on repetitive, resource heavy elements of analysis such as client due diligence and reporting, sifting through hundreds of alerts a day and flagging high-risk cases that require input from compliance analysts.

-ENDS-  

Notes to editors  

About Freemarket

Freemarket is a tech-enabled, relationship-led payments provider, helping businesses move money seamlessly across their network and beyond. Our platform enables businesses to trade, pay, and receive with efficiency, unlocking new opportunities for growth. 

With a trusted network of banking, NBFI and fintech providers, Freemarket provides secure, borderless payment solutions designed to help businesses scale, save, and succeed. 

FreemarketFX Limited is authorised by the Financial Conduct Authority (FCA) – Firm No.585093.
FreemarketFX Ireland Limited is authorised and regulated by the Central Bank of Ireland (Firm No. C456818).

About Napier:

Napier AI is RegTech delivering anti-money laundering and financial crime compliance software to financial institutions, payments, and wealth & asset management firms. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime. Trusted by over 100 institutions worldwide, the company’s platform, Napier AI Continuum, is transforming compliance from a legal obligation to a competitive edge.

For more information, please visit: napier.ai.