IFX Payments, a global fintech company specializing in cross-border payments, has appointed Millie Richardson as its new Non-Executive Director. Richardson brings over two decades of experience in the financial sector, having held senior compliance and governance roles at major firms like AXA UK, World First, and Global Reach Group.

IFX Payments Bolsters Leadership with Compliance Veteran

In her new position, Richardson will advise IFX Payments' Board on strategic direction, performance, and risk management as the company continues its expansion through organic growth and acquisitions.

Her expertise in governance and compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term will be instrumental in ensuring IFX Payments adheres to industry best practices and evolving regulations.

"Millie has an enviable CV, with a wealth of experience in compliance and risk – an increasingly critical dimension of the industry," said Will Marwick, the CEO of IFX Payments. "I am confident she will be a valuable asset to the business as we navigate the opportunities and challenges ahead."

Richardson, who currently serves as the CEO of the Association of Foreign Exchange and Payment Companies, emphasized the importance of anticipating changing customer behavior and expectations in the fast-paced international payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry.

"To be true leaders, payment providers must move faster than the competition to meet and exceed those needs," she said.

This marks another C-level change for IFX Payments this year. Finance Magnates reported in January that Sara Cass was appointed to Chief Compliance Officer. With more than 15 years of in-depth experience in the financial services industry, Cass has an outstanding history of directing compliance operations within notable companies.

Continued Shifts in Financial Sector Leadership

The landscape of the financial industry is undergoing notable shifts in leadership, highlighted by the recent transition of John Estrada, who became the new Head of Global FX in Societe Generale.

A significant announcement came from SIX last Friday, with David Brupbacher set to assume the role of Head of IT and become a member of the Executive Board from July 2024. Brupbacher's appointment underscores his rich background and effectiveness in IT management across financial services.

Just one day before Brupbacher's news, Fireblocks, a platform for managing digital assets and advancing blockchain technology, named Michal Ferguson as its Chief Marketing Officer.

Adding to the week's executive movements, Mark Durrant shared his new venture on LinkedIn, joining Advertrader as Chief Revenue Officer earlier that week.