Former Facebook and PayPal risk specialist joins Paymill

Munich based Payment service provider Paymill has appointed Jorge Camacho as their new Head of Risk and Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term.

Camacho joins Paymill after serving as EMEA Manager in the legal team for Facebook’s compliance division. Prior to his position at Facebook, he gained experience in fraud detection as a member of the credit risk team at PayPal.

"With Jorge we have a highly experienced specialist joining us. We are convinced that our team can continue to expand our Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services and explore new avenues with this new addition to the team." Mark Fabian, co-founder and Managing Director of Paymill stated on the new addition to his team.

"The digital business and especially the e-payment sector is defined by an unbelievable dynamic - it is growing fast and new niches and development opportunities are opening up all the time. It is therefore all the more important for us to reinforce the company awareness of security and reliability," added Camacho.

With his experience and understanding, Paymill is gaining an extremely strong player to their lineup.