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payabl. promotes Oleg Stefanets to Chief Risk Officer

payabl. promotes Oleg Stefanets to Chief Risk Officer | Fintech Finance

payabl., the European payments expert that enables businesses to take payments easily, reliably and securely, announces it has promoted Oleg Stefanets to Chief Risk Officer.

With vast risk management experience in the online payments industry, particularly in card schemes acquiring, merchant underwriting, mitigation of risk and fraud management, Oleg has showcased his expertise to achieve two promotions at payabl. in under two years. With risk-protection being a fundamental pillar of payabl.’s payments, Oleg is perfectly positioned to lead the organisation’s risk strategies.

Ugne Buracience, CEO, payabl. comments, “At payabl. we’re passionate about two things, payments and people. Oleg is an asset to our team, and we’re delighted to be able to support his career development. We truly believe that our team is our greatest asset, which is why we are strong advocates for promoting from within. Oleg brings ambition and attention to detail to the Chief Risk Officer role, supporting businesses through risk-free payments.”

As Chief Risk Officer, Oleg will provide overall leadership, governance, and management necessary to identify, evaluate, mitigate and monitor risks throughout the company. Oleg will also be responsible for advising other departments on risk issues, developing risk processes and providing risk training for the team.

Oleg Stefanets, Chief Risk Officer, adds, “The internet should be detective, and online payments play a huge part in that as they come with the most risk. My passion is investigating money flow, detecting fraudulent transactions and implementing systems and products to enable risk-free payments. In my new role, I can do just that. There are new sophisticated techniques used by fraudsters each day, but there are also new fraud prevention tools. My job is to keep abreast of the latest developments, supporting businesses to enable risk-free payments.”

Established in 2011, payabl. is a merchant payment solution provider that enables businesses to take payments easily, reliably and securely. Experiencing 182.5% volume growth year on year from 2020 to 2021, payabl. credits its success to its team of employees. Processing over 100 million transactions last year, payabl. has a bold mission to be the platform that takes care of payments and powers growth for each and every client.

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