LONDON, UNITED KINGDOM – September 25, 2015 – MH Pillars Ltd.’s Board of Directors announced today that Ferhan Patel has resigned as Payza.com’s Chief Compliance Officer (CCO) and Director of Global Risk and Compliance.
In his statement to the Board, Patel expressed his appreciation for the support and opportunities he received during his time at Payza. The Board thanked Mr. Patel for his hard work and dedication.
Ferhan Patel had been the company’s CCO since July 2013 and managed the risk, fraud and compliance departments. His unique experience in marketing, compliance and product design helped to ensure that customer experience was taken into account for all compliance processes at every stage of the product lifecycle, rather than merely being tacked on as an afterthought. He developed and implemented Payza’s global AML/CTF, compliance, fraud, and risk mitigation policies. As CCO, Patel designed and developed Payza’s compliance engine to automate the internal cooperation between all of the behind-the-scenes units in order to minimize customer intrusion. In addition, Patel designed and developed the FraudMatrix, a proprietary real-time monitoring platform that learns, adapts to and identifies suspicious online patterns of behavior indicating potential fraud.
Patel began his career in the payments and FinTech space as a founding employee of AlertPay, for which he designed the core payment platform. He helped lead AlertPay to the Quebec Technology Company of the Year award from benefice.net in 2010, and the 2011 Industry Alpha Award for Excellence in Consumer Products from the Ville St. Laurent Chamber of Commerce. He was also instrumental in helping Payza win a 2013 Paybefore Award for Outstanding Newcomer in Prepaid/Emerging Payments category as part of the leadership team that was responsible for ensuring a smooth transition from AlertPay to Payza.
Ferhan remains an active speaker on Payments and Compliance and a payments consultant specializing in new payment technologies, compliance and fraud mitigation. He plans to continue to play an active role in the payments industry while exploring new emerging opportunities in the FinTech field.
About MH Pillars Ltd.
MH Pillars Ltd. offers management services to companies in the B2B, B2P and P2P payments industry and provides its subsidiaries in North America, Europe and Asia with the corporate, regulatory and fiscal framework necessary to achieve operational stability and corporate sustainability.
Company Name: Mh Pillars Ltd
Country: United Kingdom