ECOMMPAY, an international payment service provider and direct bank card acquirer, has appointed Francisco Mainez as its head of financial crimes and payments digital transformation.聽
The London company鈥檚 appointment comes as ECOMMPAY strengthens its capabilities in combating financial crime through automated and streamlined processes, following industry reports of 5.3 million fraud offences across the payments sector in 2021, an increase of 36% from two years earlier.聽
Joining ECOMMPAY鈥檚 UK and EMEA division with a remit to transform the company鈥檚 approach to financial crime by digitising processes and introducing automation to reduce reliance on manual processes, Mainez previously spent more than seven years at HSBC in financial crime roles.聽
During his last assignment, he led the data & analytics, business financial crime risk, wealth and personal banking.聽
Prior to joining HSBC, Francisco spent over three years at Standard Chartered Bank, between Singapore and London, as a senior manager for the group operational risk intelligence then later as senior manager for regulatory operational and risk.聽
鈥淓COMMPAY prides itself on continuously being ahead of the curve when it comes to risk management and being able to pre-emptively address security concerns,鈥� said Paul Marcantonio, executive director of ECOMMPAY.
鈥淓ffective risk management is both a combination of automated anti-fraud systems and manual monitoring of suspicious activity.聽
鈥淔rancisco brings over a decade of experience in risk intelligence and data & analytics to ensure that ECOMMPAY鈥檚 anti-fraud capabilities remains industry-leading.鈥澛�
Mainez added: 鈥淐oming from the world of traditional banking to a fast-growth innovative fintech has already been truly rewarding and I thank ECOMMPAY for the opportunity to bring my knowledge of risk management and Financial Crime threat mitigation to the rapidly evolving e-commerce sector.聽
鈥淓COMMPAY is a very data and tech-driven organization and its commitment to innovation and technology has easily it made one of the most fascinating and exciting positions I鈥檝e had. I look forward to strengthening ECOMMPAY鈥檚 already impressive anti-fraud and risk management offering.鈥�