Nium, a real-time cross-border payment solutions provider, has announced several
changes to its leadership team and business partnerships. The company has
appointed Alexandra Johnson to the newly-created position of Chief Payments
Officer (CPO) and has expanded its existing partnership with Trulioo, an
identity verification platform.
These moves
are part of Nium’s efforts to strengthen its global payments network and
improve its compliance capabilities.
Alexandra Johnson
Appointed as Nium’s Chief Payments Officer
In a newly created position, Alexandra Johnson will serve as Nium’s CPO, overseeing
the company’s global banking and payment operations. Johnson brings extensive
experience in the banking and payments industry, having previously held
leadership roles at Bank of America and JP Morgan.
“Alex’s
experience in banking and payments is invaluable, and I’m excited to see her tackle this role head-on and contribute to the growth of the
business,” commented Prajit Nanu, the Co-Founder and CEO of Nium.
New Exec Alert 🚀 Alexandra Johnson is joining Nium as Chief Payments Officer! Alexandra brings a wealth of experience in the banking and payments space, making her the perfect fit to spearhead Nium’s global banking and payment operations. https://t.co/LpdpCRow3R pic.twitter.com/R8aR0HB4Yz
— Nium (@NiumGlobal) April 22, 2024
As Chief
Payments Officer, Johnson will manage and expand Nium’s payments network, ensure compliance with regulatory policies, and collaborate with risk and compliance teams across various markets.
“I am
ready and excited for the opportunity to level-up the already stellar network
that exists at Nium and deliver innovative and market leading solutions to our
customers across the globe,” Johnson added.
Nium Expands Partnership
with Trulioo
Nium has
also announced an expanded partnership with Trulioo to enhance its UK
operations and deliver rapid, compliant payment experiences. The collaboration
leverages Trulioo’s identity verification capabilities, enabling Nium to comply
with stringent Know Your Customer (KYC) and Anti-Money Laundering (AML)
regulations while maintaining a seamless customer experience.
Since
integrating Trulioo’s Person Match identity verification solution, Nium has
seen a 27% increase in its overall KYC verification rate in the UK, with
customers being verified in less than 6.43 seconds.
“As we
assessed our U.K. compliance requirements, leveraging our trusted relationship
with Trulioo only made sense,” said Dylan Lowrey, General Counsel at Nium. “Trulioo
Person Match provides us with comprehensive data sets, which are crucial for
identity verification.”
Trulioo, an identity platform with proven global coverage for person and business verification, yesterday announced at Money20/20 Asia its collaboration with Nium. https://t.co/Or82pf5etQ #collaboration #compliancetechnology #moneytransfer #nium #payments #Solutions #WBO pic.twitter.com/gaIoiqPi0O
— World Business Outlook (@wboutlook) April 22, 2024
Nium’s Growing Global
Presence
Nium’s
recent appointments and partnerships come as the company expands
its global presence. Its payout network supports 100 currencies across 190+ countries, and its growing card issuance business is available in 34 countries.
The company
holds regulatory licenses and authorizations in more than 40 countries,
enabling seamless onboarding, rapid integration, and compliance across
geographies.
In
February, the company announced that it was expanding its services to India
after obtaining local licenses. A few weeks ago, it became the first global fintech to receive Japanese authorization to process large financial
transactions. Meanwhile, the company has partnered with Ebury, another payment
fintech. This collaboration focuses on cross-border payments in Brazil.
This article was written by Damian Chmiel at www.financemagnates.com.
