Ferhan Patel is a FinTech Executive based in Montreal. With nearly 15 years of experience in the world of tech-based payment solutions, Ferhan has simultaneously established himself as highly specialized and well-rounded virtuoso within the field. Currently, Ferhan applies his unique blend of talents and experiences to other companies in various stages of development through his work as Co-Founder and Chief Product Officer at Payment Rails.
His skillset includes working with product development, high-level corporate strategy, strategic marketing strategy, eCommerce payments, mobile payments, digital wallets, compliance, and fraud mitigation. All these and more Ferhan brings to the table at Payment Rails. This company is his passion, and daily he pours his top-tier business acumen into the betterment of the company.
Taking a cursory glance at the career that Ferhan Patel has built for himself, it would be easy to classify him as a knowledgeable businessman with an entrepreneurial spirit, who has a profound understanding of both strategy and operations. As the former Chief Compliance Officer and Director of Risk and Compliance at Payza, Ferhan scrutinized every aspect of the product and company in relation to compliance standards.
For over ten years, Ferhan Patel has demonstrated a substantial, in-depth knowledge of risk management best practices and financial technology. He is capable of developing strategic tactics for rolling out new product designs and implementing marketing campaigns. With his specialty being the payable solutions industry, Ferhan has an unrivaled set of skills that are pertinent to his life and business.
Prior to his tenure at Payza, Ferhan served as the co-founder and Chief Operating Officer at AlertPay. There Ferhan relied heavily on his deft ability to problem solve across verticals and departments.
Ferhan’s experience as the COO of a start-up proved to be a fertile environment for him to put his problem solving skills to the test. However, long-before AlertPay, Ferhan was primed to have a passion for technology, creating viable solutions and a penchant for entrepreneurship. Ferhan attributes these interests and talents to both his home life and academic interest areas.
Growing up in a suburb of Montreal, Ferhan was exposed to the hard work required of an entrepreneur. Additionally, Ferhan received encouragement both at school and at home to pursue his ever-growing interest in computer science and technology.
Once Ferhan Patel graduated from Centennial Regional High School, his childhood fascination with computers dictated the course of his undergraduate career. During his time at the prestigious Concordia University, Ferhan acted as a teaching assistant and lab instructor while studying computer science. He also assisted on graduate level courses on Linux, C programming, and Oracle, among others.
In 2003, Ferhan earned a Bachelor of Computer Science and Information Systems Degree from Concordia University. According to Concordia’s website:
“Concordia University is welcoming, engaged, and committed to innovation and excellence in education, research, creative activity and community partnerships. It dares to be different and draws on its diversity to transform the individual, strengthen society and enrich the world.
“Concordia’s core values stem from those long prized by its founding institutions, Loyola College and Sir George Williams University. Concordia adopted the motto of the city of Montreal, Concordia salus, which speaks to well-being through harmony. The union of two very different institutions of higher education has led to an exceptionally successful synthesis of compatible and timely values.”
He then began his career as a business systems analyst marrying his dual passions for problem solving and computer science. For the next four years, Ferhan would develop a slew of skills built out of these two interests, but by 2004, he was ready for a change.
Through a lot of sweat, hard work and solution-focused thinking, Ferhan Patel co-founded what would eventually become the award-winning payment platform startup, “AlertPay”. Although the company started small (with just 6 employees), over the next 8 years this number would grow to 150 with a membership base of 7.5 million internationally. Ferhan’s focus remained as a product manager for the internal system used to monitor for fraud, as well as providing complete oversight of the operational health of the company. In 2012, AlertPay underwent restructuring and Ferhan transitioned first to the role of EVP for Corporate and Product Marketing and then transitioned to the role of Chief Compliance Officer at Payza.
Ferhan Patel has enjoyed the dynamic nature of his work and career. He thrives under the constant challenges presented by his clients and past jobs, and believes that his natural inclination for problem-solving has been the key element of his success as an entrepreneur. Furthermore, Ferhan’s perennial thirst for knowledge has led him to pursuing four designations. In 2013, Ferhan became a Certified Financial Crime Specialist, an Anti-Money Laundering Certified Associate, a Certified Anti-Money Laundering Specialist, and a Certified Fraud Examiner.