May 24, 2024

HSBC’s monetary crime lead joins fast-growing tech agency

ECOMMPAY, a number one worldwide cost service supplier and direct financial institution card acquirer with its personal fintech ecosystem for enterprise progress, has appointed Francisco Mainez as its Head of Monetary Crimes and Funds Digital Transformation. The appointment comes as ECOMMPAY strengthens its capabilities in combating monetary crime by way of automated and streamlined processes, following {industry} studies of 5.3 million fraud offences throughout the funds sector in 2021, a rise of 36% from two years earlier.

Becoming a member of ECOMMPAY’s UK and EMEA division with a remit to remodel the corporate’s strategy to monetary crime by digitizing processes and introducing automation to scale back reliance on guide processes, Francisco beforehand spent extra
than seven years at HSBC in Monetary Crime roles. Throughout his final project, he led the Knowledge & Analytics, Enterprise Monetary Crime Threat, Wealth and Private Banking. Francisco will convey his wealth of information and expertise in accelerating enterprise transformation
to implement efficient threat administration, information analytics and anti-money laundering techniques into the corporate.

Previous to becoming a member of HSBC, Francisco spent over three years at Commonplace Chartered Financial institution, between Singapore and London, as a Senior Supervisor for the Group Operational Threat Intelligence then later as Senior Supervisor for Regulatory Operational
and Threat. Throughout his tenure at Commonplace Chartered Financial institution, Mainez designed, developed and applied an automatic information administration answer to retrieve, monitor and analyze regulatory information at a number of ranges. He additionally performed an instrumental position in constructing
a aggressive intelligence coaching bundle for Operational Threat Administration Data groups. Earlier than becoming a member of Commonplace Chartered Financial institution, Francisco was Head of Intelligence Collation & Techniques Administration for a number of European Union and NATO Operational deployments.

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Paul Marcantonio, Govt Director of ECOMMPAY, commented: “ECOMMPAY prides itself on repeatedly being forward of the curve in the case of threat administration and with the ability to pre-emptively deal with safety considerations. Efficient threat administration is each a mixture of automated anti-fraud techniques and guide monitoring
of suspicious exercise. Francisco brings over a decade of expertise in threat intelligence and information & analytics to make sure that ECOMMPAY’s anti-fraud capabilities stays industry-leading.”