Marqeta Announces Alan Carlisle As Chief Compliance Officer
December 12 2023 - 7:00AM
Business Wire
Carlisle spent six years leading SoFi’s
compliance function and is a veteran regulatory and compliance
practitioner with over 25 years of experience in financial services
and capital markets.
Marqeta (NASDAQ: MQ), the global modern card issuing
platform that enables embedded finance capabilities for the world’s
innovators, today announced the appointment of Alan Carlisle as its
Chief Compliance Officer (CCO). Carlisle, previously Enterprise
Chief Compliance Officer at SoFi, will be responsible for elevating
and expanding Marqeta’s regulatory compliance management
system.
“Alan excels in designing and implementing risk and compliance
controls, and is passionate about creating a culture where
compliance is ingrained in the attitudes, values, and behaviors of
the organization,” said Crystal Sumner, Chief Legal Officer of
Marqeta. “Alan’s deep expertise in the field will be instrumental
as Marqeta’s card program management capabilities continue to be a
major competitive differentiator for the company.”
Carlisle joins Marqeta from SoFi, a publicly traded online
personal finance company and bank, where he served as Enterprise
CCO for over six years. He was responsible for the broad oversight
of the company’s compliance management program, leading its
lending, mortgage, securities, and banking sectors as the company
experienced massive scale, growing from a few hundred to over 4,000
employees during his time there. Before SoFi, Carlisle spent over a
decade in senior executive roles at financial services companies,
ranging from crowdfunding platforms to marketplace lenders. He
holds several compliance certifications, including the CRCM, CAFP,
CRCP, CAMS, CGSS, and CIPP-US, has served on numerous industry
committees, and acts as a regulatory strategic advisor for various
fintech and regulatory technology companies.
Marqeta’s appointment of Carlisle comes at a time of continued
growth and scale. Carlisle will play a crucial role in ensuring
compliance is baked into everything Marqeta does, helping its
customers launch innovative new card programs while properly
navigating a complex web of relevant laws, regulations, and fintech
industry standards.
“I’m excited to be a part of the Marqeta team and look forward
to enhancing an already esteemed compliance program. Marqeta stands
as a trailblazer in embedded finance innovation, and the compliance
team holds the key in helping to deliver exceptional payment
experiences for consumers,” said Carlisle. “I am eager to
collaborate with this talented group to develop a compliance
program that not only aligns with the company's values but also
contributes to the long-term sustainability of our enterprise."
About Marqeta (NASDAQ: MQ) Marqeta’s modern card issuing
platform empowers its customers to create customized and innovative
payment cards and embedded finance offerings. Marqeta’s platform,
powered by open APIs, gives its customers the ability to build more
configurable and flexible payment experiences, accelerating product
development and democratizing access to card issuing technology.
Its modern architecture provides instant access to highly scalable,
cloud-based payment infrastructure that enables customers to launch
and manage their own card programs, issue cards and authorize and
settle transactions. Marqeta is headquartered in Oakland,
California and is certified to operate in more than 40 countries
globally. For more information, visit www.marqeta.com, Twitter and
LinkedIn.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements expressed or implied in this
press release include, but are not limited to, quotations and
statements relating to changing consumer preferences; increasing
consumer adoption of certain digital payment methods, products, and
solutions, including credit card issuing; which payment, banking,
and financial services products and solutions may succeed;
technological and market trends; Marqeta’s business; Marqeta’s
products and services, including credit card issuing; and
statements made by Marqeta’s senior leadership. Actual results may
differ materially from the expectations contained in these
statements due to risks and uncertainties, including, but not
limited to, the following: any factors creating issues with changes
in domestic and international business, market, financial,
political and legal conditions; the effect of and uncertainties
related to the U.S. and global economies and demand for Marqeta’s
services and products; the risk of ongoing financial services and
banking sector instability and follow on effects to fintech
companies, general economic conditions in either domestic or
international markets, including inflation and recessionary fears,
conditions resulting from geopolitical uncertainty and instability
or war, including the direct and indirect effects on U.S. and
global economies, our business, results of operations, and
financial condition; the risk that Marqeta is unable to further
attract and grow its customer base; the risk that consumers will
not perceive the benefits of Marqeta’s products and services,
including digital payment and banking products and services and
credit card issuing; the risk that Marqeta's products and services
do not operate as intended, including digital payment and banking
products and services and credit card issuing; the risk that
Marqeta’s products and solutions will not achieve the expected
market acceptance, including digital payment and banking products
and services and credit card issuing; and the risk that competition
could reduce expected demand for Marqeta’s products and services,
including digital payment and banking products and services and
credit card issuing. Detailed information about these risks and
other factors that could potentially affect Marqeta’s business,
financial condition and results of operations are included in the
“Risk Factors” disclosed in Marqeta's Annual Report on Form 10-K
for the year ended December 31, 2022, as such risk factors may be
updated from time to time in Marqeta’s periodic filings with the
SEC, available at www.sec.gov and Marqeta’s website at
http://investors.marqeta.com. The forward-looking statements in
this press release are based on information available to Marqeta as
of the date hereof. Marqeta disclaims any obligation to update any
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231212348918/en/
Media: James Robinson 530-913-0844 jrobinson@marqeta.com
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