Former OANDA CEO Vatsa Narasimha Joins ComplyAdvantage

The former president and Chief Executive Officer (CEO) of OANDA Global Corporation, a leading online foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Vatsa Narasimha, has moved to ComplyAdvantage, the company announced this Monday.

ComplyAdvantage is a regtech company that uses data and machine learning to reduce the risk of financial crimes. Narasimha has been appointed as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) of the company.

Narasimha spent almost six and a half years at OANDA, initially joining the trading provider in September of 2013 as the COO, CFO, and Executive Vice President. In January of 2017, he was promoted to CEO and President of the company and then moved to non-executive director of OANDA.

ComplyAdvantage eyes expansion

In the statement released by the regtech, Charles Delingpole, Founder and CEO, ComplyAdvantage said: “I’m excited to have Vatsa partner with me to usher in the next phase of growth for ComplyAdvantage.

“Vatsa is a well-respected fintech executive who was instrumental in OANDA’s success story. I look forward to what we will accomplish together as we grow our next-generation anti-money laundering technology platform across new markets.”

Before his stint at OANDA, Narasimha was a Principal at The Boston Consulting Group for eight years. In this role, he worked with financial institutions on a variety of growth strategies, corporate development, and operational issues.

"ComplyAdvantage has a strong customer-centric vision and has demonstrated its impact across financial institutions and fintech clients,” Vatsa Narasimha, CFO & COO of ComplyAdvantage added in the statement.

“The team at ComplyAdvantage have done a fantastic job broadening its 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,” he continued.