Financial crime detection company ComplyAdvantage has named Vatsa Narasimha as its new CEO, as founder Charles Delingpole and current CEO transitions to executive chairman role.
Delingpole has led ComplyAdvantage since it was founded in 2014. The company has grown rapidly over this time and has over 450 employees and 1,000 clients around the world. He will remain a key part of the team in his new position.
Narasimha joined ComplyAdvantage over two years ago from Oanda Corporation, which offers online multi-asset trading services and currency data and analytics. He served as CEO in the company.
Prior to Oanda, Narasimha worked at The Boston Consulting Group for eight years. Here he worked with leading financial institutions on a variety of growth strategy, corporate development, and operational issues.
At ComplyAdvantage, Narasimha was previously the COO, where he helped the RegTech company achieve an ARR growth of 80%. This growth was fuelled by an expanded portfolio of traditional banking and insurance customers, FinTechs, and crypto customers as well as strategic partnerships with world-class BaaS, IDV, and blockchain data providers.
Delingpole said, “Vatsa is an exceptional operating executive who has worked hard and delivered incredible results, earning him the right to become our next CEO.
“ComplyAdvantage continues to lead the industry in using advanced AI and data to combat financial crime. Vatsa has the right strategic skill sets and experience needed for this next chapter of growth. I want to whole-heartedly congratulate Vatsa, and I look forward to this next chapter in the company’s exciting trajectory.”
Narasimha added, “Since my first conversation with Charlie, it has been obvious to me that ComplyAdvantage was built to solve the large and pressing problem that is financial crime detection.
“The company’s track record reflects the significant progress we are making against our mission of bringing next-gen tools to help our clients get a holistic understanding of counter-party risk. I am excited to step into this role while continuing to work closely with Charlie as we make a significant impact for the customers we serve around the world.
ComplyAdvantage has had a busy year. Resistant AI recently deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage By adding Resistant AI’s capabilities to ComplyAdvantage’s transaction risk monitoring platform, they hope to extend the AML and anti-fraud protection.
Copyright © 2022 FinTech Global
Copyright © 2018 RegTech Analyst