The firm is bolstering its fraud and risk management capabilities, citing heightened fraud, money laundering and terrorist financing activities amidst the Covid-19 pandemic.
Singapore-headquartered Aleta Planet has hired Daniel Ang as head of risk management with effect from Monday, according to a statement by the fintech firm.
Ang has over 30 years of experience in fraud risk management, including developing fraud detection systems, handling investigations into alleged corporate wrongdoings, and writing global policies covering fraud detection, prevention and response. He began his career at the Singapore Police Force's Criminal Investigation Department and has worked in Singapore and Indonesia for companies like Citibank, Bank Mandiri and Quatrro Risk Management Consulting Services.
Reporting to Goi Wang Firn, head of group operations, Ang will develop groupwide risk management policies and procedures, fraud risk strategies and rules, manage fraud reporting, oversee the risk team and train risk mangers, the announcement said.
Global Ambitions
Aleta Planet was founded in 2014 by former banker Ryan Gwee. It is one of the first China-centric solutions in Singapore to pioneer cross-border B2B payments to China.
The company has offices in Singapore, Hong Kong, Australia and Dubai, and previously announced plans to expand to five new markets, including EMEA and the West, by 2022.
Its proprietary platform is supported by agile and scalable technology and combines robust operating capabilities framed by strong compliance and risk management. Aleta Planet provides card issuance and merchant acquisition for various card networks including UnionPay International, Discover, Diners Club, JCB, Visa and MasterCard. It is also WeChat Pay and PayNow enabled.
