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 corporate appointments 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.
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 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 an increase of 27% 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, the General Counsel at Nium. “Trulioo Person Match provides us with comprehensive data sets, which are crucial for identity verification.”
Nium's Growing Global Presence
Nium's recent appointments and partnerships have occurred as the company has been expanding 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 firm to receive Japanese authorization to process large financial transactions. Meanwhile, the company has partnered with Ebury, another payment fintech organisation. This collaboration focuses on cross-border payments in Brazil.
