NextPlay Technologies, Inc., a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, has strengthened its executive team with the appointment of Jorge E. Miró Hernández as President and Chief Operating Officer, as well as appointing Carla P. Méndez as Chief Administrative Officer of NextBank International (the international banking unit of the company’s fintech division).
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Over the past several years, Miró has focused on assisting de novo financial institutions comply with regulatory regimes, particularly regarding the Federal Financial Institutions Examination Council. He has held various positions at local Financial Institutions and International Banking and Financial Entities in Puerto Rico, including Scotiabank, where he developed, managed, and maintained numerous compliance policies and procedures.
“As an industry leader in fintech, banking operations and compliance, we see Jorge making strong contributions to the growth and development of our fintech division as head of our new bank,” said co-CEO Bill Kerby. “Currently NextBank has many times more business than its capital base will allow it to underwrite. Jorge’s wealth of knowledge and executive experience in leading banking and compliance teams for several international financial institutions made him an ideal choice for implementing our growth strategies. This includes several new financial products and services that should both attract new customers as well as complementing our other divisions.”
NextBank currently services U.S. consumers and international clients that seek a personalized banking experience but is quickly evolving into a diversified FinTech solutions company that offers banking, asset management, mobile payments, and other financial services. As an example, NextBank plans to launch an innovative mobile banking and FinTech app with access to cryptocurrency exchanges and digital wallets in the fourth quarter of 2021, as well as a new insurance offering in the first quarter of 2022.
Todd Bonner, Head of NextPlay’s Fintech Division, stated: “Under Jorge’s leadership, we see NextBank emerging as a global player with a new vision for international banking and global commerce that integrates with our other divisions, creating strong catalysts for growth over the coming year. In addition to growing traditional banking services, we have applications underway for regulatory licensing approval of new products ranging from insurance to protect the wealth of our banking customers to travel programs that assist customers in financing and insuring vacations. All will utilize blockchain solutions to minimize risk to the bank while accelerating NextPlay’s growing ecosystem of technology platforms.”
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