Instant payments provider Brite Payments has appointed the former chief compliance officer at Zettle by PayPal, Lisa Edström, as compliance director.
In her new role, Edström (pictured) will lead Brite’s global compliance function as part of its growth strategy.
Her focus will be on the development of a ”comprehensive” compliance program and on building a team of “knowledgeable, proactive” compliance officers.
Edström said: “I’m excited to join the Brite team and to support its continued focus on regulation and compliance throughout its ambitious plans.
“Brite Payments was created for both merchants and consumers, and I am pleased to be joining a business that is so aware of the role that compliance plays in merchants’ and consumers’ adoption of its products.”
Previously, she has held senior compliance positions at several payments and financial services businesses, including GE Capital, Klarna and, most recently, at Zettle.
Lena Hackelöer, founder and CEO of Brite Payments, worked together with Edström at Klarna.
She said: “Lisa’s arrival is crucial to our expansion plans, to ensure that our solutions adhere to all regulation and compliance requirements. Her move is a testimony to Brite’s second-generation approach, as she contributes a wealth of highly relevant experience in international payments giants.”
Stockholm-based Brite uses Open Banking technology to process account-to-account payments in real-time between consumers and online merchants.
Hackelöer added: “Having seen the development of Open Banking mainly from the ASPSPs’ perspective, I look forward to seeing the third-party provider perspective and dive into payment initiation and account information services.”
Listen back to a recent episode of the Open Banking Expo Unplugged podcast in which Hackeloer spoke about Stockholm’s thriving fintech scene and Brite’s expansion plans.