New Zealand-based buy now, pay later provider Laybuy has appointed Jamie Byles, HSBC’s group head of fraud, as its new chief risk officer.
Based in London, Byles will lead Laybuy’s risk management strategy, focusing on fraud prevention and minimizing credit risk. He brings 25 years of experience to the role, having served at HSBC as group head of fraud for wealth and personal banking. His extensive background also includes positions as risk director at Barclays, head of fraud strategy at Visa, and head of card fraud risk at NatWest Group. Additionally, he was a director at Ethoca, a chargeback disputes company acquired by MasterCard in 2019.
Gary Rohloff, co-founder and managing director of Laybuy, commented, “Globally, there has been an increase in fraudulent activity related to e-commerce companies, which affects those offering online payment services, including the BNPL sector. At Laybuy, we take the threat of fraud very seriously and are dedicated to minimizing its impact and enhancing the security of our payment platform. Jamie will be instrumental in helping us achieve these goals.”