Muhammad RashidCo-founder & Chief Compliance OfficerJingle Pay
Rashid is a financial services practitioner with extensive experience in overseeing enterprise-wide compliance function, building AML/CFT and regulatory compliance programs, fraud prevention, risk management, regulatory consulting, digital transformation, banking operations management, IT systems implementation, project management and business process improvement with Fortune 500 listed companies including Citibank, Western Union, PwC as well as leading microfinance bank and payments companies at global and regional level.
Rashid developed AML/CFT and Fraud Prevention Programs for leading financial institutions across Middle East, Africa and Asia Pacific Region. He designed and implemented the full-service banking project for the leading Microfinance Bank that enabled the institution to offer a wide range of financial services to the unbanked population in Pakistan.
As part of PwC Rashid significantly contributed in establishing the Open Banking ecosystem for the Middle East Region including drafting open banking and electronic KYC regulations. His contribution in designing compliance minimum standards for digital payments supported the global payments company offering mobile based payments across Africa.
Rashid has collaborated with a number of Fintech companies and regulators in Middle East and South Asia region to establish fintech ecosystem focusing on digital payments, payment systems, digital banking, microfinance, and digital crowdfunding platforms.