Regtech company ComplyAdvantage announced on Monday it has appointed former President and CEO of online foreign exchange trading platform OANDA Global Corporation (OANDA), Vatsa Narasimha as its new Chief Operating Officer and Chief Financial Officer.
ComplyAdvantage reported that prior to OANDA, Narasimha spent nearly ten years as a Principal at The Boston Consulting Group, working with leading financial institutions on a variety of growth strategy, corporate development and operational issues. Speaking about his new role, Narasimha stated:
“ComplyAdvantage has a strong customer-centric vision and has demonstrated its impact across financial institutions and fintech clients The team at ComplyAdvantage have done a fantastic job broadening their global footprint by offering a range of innovative compliance solutions. I’m excited to join the company at this pivotal time of growth as we work to become the industry standard for accurate, real-time AML data and technology that all financial institutions and corporates need,”
Jan Hammer, Index Ventures Partner, who sits on ComplyAdvantage’s board and is also an investor in Adyen, Alan and Robinhood, added:
“Financial crime detection tools are critical to neutralize the risk of money laundering, terrorist financing, corruption and all other global financial crimes, but the industry is not innovating enough to make a real difference. ComplyAdvantage is building the first global, connected database to allow companies to identify their risks faster and in a more sophisticated manner. The success they have had shows the increasing demand for such a solution. Vatsa’s hiring is exciting as his expertise will be crucial as the business continues to scale in its next phase of growth. Having known Vatsa for a good part of a decade, I can unreservedly say he is one of the best operators I have encountered.”
Founded in 2014, ComplyAdvantage has notably been partnering with regulators around the globe and hiring hundreds of developers, data scientists, and financial crime professionals to push the boundaries of financial crime-fighting technology.