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- Melio Appoints Nicholas Passarelli as Chief Compliance Officer
Melio Appoints Nicholas Passarelli as Chief Compliance Officer
Slice of Finance Team
08 Aug
Key Highlights:
Nicholas Passarelli named Chief Compliance Officer at Melio.
Passarelli to develop a robust compliance program and obtain MTLs.
Passarelli brings over 20 years of compliance experience.
Previously CCO at Brex and other prominent financial firms.
Source (Business Wire)
Notable Quotes:
"Understanding how compliance and regulation can provide customers with the highest quality of service is crucial for any financial institution. I am excited to join Melio at a pivotal time of growth and service their customers by implementing the highest standards of protection."
"Nicholas’s strong values align with our corporate ethics that put compliance at the foundation of our company and with his guidance, we will be able to expand payment options for our customers."
Our Take:
The appointment of Nicholas Passarelli as Chief Compliance Officer at Melio underscores the company's commitment to maintaining rigorous compliance standards amidst its rapid growth. Passarelli's extensive experience in managing compliance programs across financial and fintech sectors positions him as a valuable asset in navigating the complex regulatory landscape. His expertise will be instrumental in Melio's efforts to obtain Money Transmitter Licenses in all operational territories, thereby expanding their payment options and enhancing service quality for their customers. This strategic move is likely to strengthen Melio's market position and foster trust among its clientele.