Home » HSBC’s financial crime lead joins fast-growing tech firm

HSBC’s financial crime lead joins fast-growing tech firm

by LLT Editor
7th Jun 22 10:20 am

ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech ecosystem for business growth, has appointed Francisco Mainez as its Head of Financial Crimes and Payments Digital Transformation. The 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.

Joining 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, Francisco 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. Francisco will bring his wealth of knowledge and experience in accelerating business transformation
to implement effective risk management, data analytics and anti-money laundering systems into the company.

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. 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. He also played an instrumental role in building
a competitive intelligence training package for Operational Risk Management Information teams. Before joining Standard Chartered Bank, Francisco was Head of Intelligence Collation & Systems Management for several European Union and NATO Operational deployments.

Paul Marcantonio, Executive Director of ECOMMPAY, commented: “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.”

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