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 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 a consultant.
Taking a cursory glance at the career that Ferhan Patel has built for himself, it would be easy to classify him as a shrewd businessman with an entrepreneurial spirit and 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. However, Ferhan also has a wealth of experience and talent with regard to marketing and product design.
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. Concordia University, a Christian liberal arts college, was established in 1905. Steering the helm from Portland, Oregon, Concordia has made itself known for transforming the world through its students, encouraging potential students to attend from all backgrounds, faiths, and walks of life. The three driving principles behind the university are as follows: Rigor, servant leadership, and the Lutheran faith.
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 a solution-based approach, 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.