ComplyAdvantage, the regtech company transforming the compliance industry through data science and machine learning to neutralize the risk of financial crimes, today announced the appointment of Vatsa Narasimha as Chief Operating Officer and Chief Financial Officer.
Narasimha is the former President and CEO of OANDA Global Corporation (OANDA), a leading online foreign exchange trading platform, currency data and analytics company that was acquired by private equity firm CVC Capital Partners in May 2018.
“I’m excited to have Vatsa partner with me to usher in the next phase of growth for ComplyAdvantage,” said Charles Delingpole, Founder and CEO, 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,” said Delingpole.
Over the last 12 months:
- ComplyAdvantage closed a Series B financing round led by Index Ventures who were joined by existing investor Balderton Capital
- doubled headcount focusing on product and engineering while opening offices in Singapore and Hong Kong
- added companies like OakNorth Bank, Munich RE and OANDA as customers.
- Finovate Group named ComplyAdvantage Best RegTech Solution and U.K.’s Tech Track 100 List by Fast Track listed the company as the 16th fastest growing company
"ComplyAdvantage has a strong customer-centric vision and has demonstrated its impact across financial institutions and fintech clients,” said Vatsa Narasimha, CFO & COO of ComplyAdvantage.
“The team at ComplyAdvantage have done a fantastic job broadening their 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,” Narasimha added.
“Financial crime detection tools are critical to neutralise the risk of money laundering, terrorist financing, corruption and all other global financial crimes, but the industry is not innovating enough to make a real difference” said Jan Hammer, Index Ventures partner. Hammer sits on ComplyAdvantage’s board and is also an investor in Adyen, Alan and Robinhood.
“ComplyAdvantage is building the first global, connected database to allow companies to identify their risks faster and in a more sophisticated manner,” added Hammer. “The success they have had shows the increasing demand for such solution. Vatsa’s hiring is exciting as his expertise will be crucial as the business continues to scale in its next phase of growth. Having known Vatsa for a good part of a decade, I can unreservedly say he is one of the best operators I have encountered.”
Prior to OANDA, Narasimha spent eight years as a Principal at The Boston Consulting Group, working with leading financial institutions on a variety of growth strategy, corporate development and operational issues. He holds an MS in Electrical Engineering from Cornell University and an MBA from The Wharton School of the University of Pennsylvania.