SAN
FRANCISCO, July 22, 2024 /PRNewswire/ -- Brex, the
AI-powered spend platform, today announced that Sibongile Ngako has joined the company as its
Chief Compliance Officer. Sibongile brings over 20 years of
experience as a compliance and risk management executive and joins
most recently from Affirm, a leading payments company, where she
served as Vice President of Compliance. Sibongile's appointment
will further Brex's ongoing commitment to ensuring it continues to
meet the highest regulatory standards for its business. In her
role, Sibongile will be responsible for leading the company's
compliance program and expanding upon the firm's current frameworks
designed to mitigate regulatory risk.
"At Brex, protecting our customers is one of our biggest
priorities, and in connection with top auditing firms we have built
a leading compliance program," said Pedro
Franceschi, CEO of Brex. "We are thrilled to have Sibongile
join the team. Her deep industry expertise is invaluable as we
continue to innovate and expand our offerings while compliantly
navigating an increasingly complex regulatory landscape."
In her most recent role at Affirm, Sibongile oversaw the
development and implementation of the company's Compliance
Management System, including marketing compliance, product
advisory, monitoring and testing, reporting, compliance training,
issue management, licensing, and bank partner management. Sibongile
was also responsible for leading the Financial Crimes compliance
program, covering BSA/AML, OFAC and sanctions. Prior to joining
Affirm, Sibongile spent 10 years at American Express leading
multiple teams across compliance and operational excellence.
Sibongile also spent several years of her career as a Bank Examiner
and Analyst for the Federal Reserve Bank of New York. Sibongile holds a Bachelor of Arts
from Harvard University.
Today, Sibongile also serves as an Advisory Board Member for
FinRegLab, a nonprofit organization dedicated to promoting the safe
and intelligent use of technology and data in financial services
and shaping industry best practices and regulatory frameworks.
"I am ecstatic to be joining Brex, a company that has
continuously been at the forefront of financial innovation. With my
decades of experience in the fintech and banking sectors, I've
gained a deep understanding of the complex and evolving regulatory
landscape and the challenges and opportunities it presents for the
industry. Together, we will ensure that Brex continues to operate
with integrity and transparency, providing our customers with the
highest level of trust," said Sibongile.
Learn more about Brex at brex.com.
Contact
Danielle
Bereznak, Director, External Communications
press@brex.com
About Brex
Brex is the AI-powered spend platform.
We transform finance teams from reactive no-sayers to proactive
growth drivers. With Brex, companies spend with confidence by
empowering employees to make smarter financial decisions from
anywhere. Brex provides corporate cards, business accounts, and
global payments, plus intuitive software for travel and expenses,
that make it easy to plan and track all company spend in one place,
in real time. Tens of thousands of companies from startups to
global enterprises — including DoorDash, Flexport, and Compass —
use Brex to proactively control spend, reduce costs, and increase
efficiency on a global scale.
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SOURCE Brex