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Ferhan Patel, CFCS, AMLCACCO, Director of Global Risk and ComplianceAs Payza’s Chief Compliance Officer and Director of Global Risk and Compliance, Ferhanoversees the Risk, Fraud and Compliance Departments. Ferhan’s responsibilities include thedevelopment and implementation of the company’s AML/CTF, Compliance, Fraud and RiskMitigation policies. Ferhan is recognized as a Financial Crime Expert with robust product designknowledge and is actively involved in the product lifecycle ensuring that compliance is built inand not bolted on.Most recently, Ferhan Patel held the position of Executive Vice President of Corporate andProduct Marketing and led the company’s product development strategies, marketingoperations, strategic alliances and new market opportunities. He was responsible for thecompany’s overall marketing strategies - from product identity, placement and strategicpromotion, to corporate, public and marketing strategies and communications. Ferhan wasinfluential in leading Payza to win the 2013 Paybefore Award for Outstanding Newcomer inPrepaid/Emerging Payments category.Prior to joining Payza, Ferhan had been the driving force behind many successful e-commerceventures. As a consultant for TEKsystems, for example, he successfully launched the company’sinnovative health insurance portal and oversaw all aspects of the project’s life-cycle. As the co-founder and Chief Operating Officer of AlertPay, he was responsible for the company’soperating procedures - from Process, AML, Risk and Compliance, to Fraud Detection, KYC andVerification; as well as the company’s product development strategies and marketingoperations. His astute technological and innovative thinking enabled AlertPay to achieveexponential growth and excellence in the industry, earning AlertPay the Quebec TechnologyCompany of the Year award from benefice.net in 2010, and the 2011 Industry Alpha Award forExcellence in Consumer Products from the Ville St. Laurent Chamber of Commerce.Thanks to his tactical and progressive insight, Ferhan was instrumental in the integration of theAlertPay platform with the corporate and strategic mandate of the acquiring company,

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resulting in the successful development and deployment of the new company and onlinepayment processor, Payza.com.Ferhan holds a Bachelor of Computer Science degree from Concordia University and aCertificate in Project Management from McGill University.Ferhan is a Certified Financial Crime Specialist (CFCS) and an Anti-Money Laundering CertifiedAssociate (AMLCA).