The appointment looks to bolster the company’s standing as a champion of regulation in the payments industry
London, 30 August 2021. IFX Payments, the global fintech company, today announces the appointment of Tony Brown as its new Head of Compliance and MLRO. Brown’s appointment comes at a time of momentous growth for the business, as it reported an increase in the number of payments it handles monthly by 3000% as well as a turnover of £20 million, double of what it was the year before.
Brown will be tasked with managing IFX’s regulatory compliance and risk as well as acting as the nominated officer for instances of financial crime. This is a significant hire for IFX and the industry at large, as compliance and safeguarding continue dominating the top level boardroom agendas.
With over 15 years of compliance experience, Brown joins IFX from PayPerform, and will continue his role on the advisory board of The Association of Foreign Exchange and Payment Companies (AFEP). Brown also held senior positions for a number of large fintech companies as well as acting as a Managing Consultant at both fscom and PwC. His prior experience in building compliance frameworks as well as acting as a board member, making critical decisions and implementing a strategic vision, will pave the way for his success as he takes up his post at IFX.
In his role at IFX, Brown is looking to further build out the ibanq venture, whilst upholding IFX’s reputation for regulation and compliance within the payments space. Brown’s appointment is also set to help IFX make a smooth transition amidst the looming impact of emerging technologies, cryptocurrencies and Brexit.
Looking at the wider business, Brown hopes to champion diversity in the workplace both in terms of skills and culture as well as leading in education to help breed a new wave of fincrime fighters.
Will Marwick, CEO of IFX Payments comments: “I am very excited and pleased to welcome Tony into our team. His experience is perfectly aligned with our commercial needs, and will help to propel our business to further growth whilst retaining our integrity and nurturing our values of transparency and traceability. The industry is going through profound regulatory changes, not to mention a surge in innovation so this appointment is ideally timed to help us capitalise on this. Having Tony on board is the obvious next step to achieving the high standards we as a company have set for ourselves and ultimately helping the wider industry navigate this somewhat complicated landscape.”
Tony Brown, Head of Compliance at IFX Payments comments: “The payments industry is ever-growing and incredibly diverse, there are a wealth of opportunities that enable us to work across a varied client base with unique products. That being said, the recent increase in ex-banking professionals trying to replicate their methods within the Fintech industry is simply not plausible and we need to be scrupulous to continue to move in the right direction. IFX Payments is keen to centre itself at the forefront of the fintech revolution and I’m thrilled to be a part of the journey with them as part of its mission of building a positive reputation in the industry.”