ECOMMPAY hires HSBC FinCrime leader

ECOMMPAY has hired Francisco Mainez, a former financial crime lead at HSBC, as its head of of financial crimes and payments digital transformation.

Mainez will join ECOMMPAY’s UK and EMEA division with a remit to transform the company’s approach to financial crime by digitizing processes and introducing automation to reduce reliance on manual processes.

Mainez previously spent more than seven years at HSBC in financial crime roles. During his last assignment, he led the data & analytics, business financial crime risk, wealth and personal banking team.

Prior to joining HSBC, he spent over three years at Standard Chartered Bank, between Singapore and London, as a senior manager for the group operational risk intelligence team, then later as senior manager for regulatory operational and risk.

During his tenure at Standard Chartered Bank, Mainez designed, developed and implemented an automated knowledge management solution to retrieve, monitor and analyze regulatory data at multiple levels.

Prior to that, Mainez was head of intelligence collation & systems management for several European Union and NATO Operational deployments.

The company made the announcement as reports suggest that 5.3 million fraud offences had been committed across the payments sector in 2021, up 36 per cent compared to 2019.

Paul Marcantonio, executive director of ECOMMPAY, said: “ECOMMPAY prides itself on continuously being ahead of the curve when it comes to risk management and being able to
pre-emptively address security concerns. Effective risk management is both a combination of automated anti-fraud systems and manual monitoring of suspicious activity.

“Francisco brings over a decade of experience in risk intelligence and data & analytics to ensure that ECOMMPAY’s anti-fraud capabilities remains industry-leading.”

Mainez, head of financial crimes and payments, said: “Coming 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.

He added: “ECOMMPAY 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’ve had."

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