Nium Names Dylan Lowrey as General Counsel

Nium has named Dylan Lowrey as its new general counsel, the global payment firm said in a news release Thursday (March 24).

Lowrey has been with the company since last year, hired on as its head of regulatory affairs and product law. Nium said he has helped the firm launch new services in “complex emerging markets,” while helping the company expand its global license portfolio.

Prajit Nanu, Nium’s CEO and co-founder, said Lowrey’s “deep payments expertise, legal acumen and outstanding leadership” helped land him this new role.

“As we continue to grow and expand operations around the world, Dylan will be instrumental in ensuring we have the best-in-class legal and regulatory strategies to achieve our aggressive goals, for both our customers and our company,” Nanu said.

Lowrey has spent 15 years in the regulatory and legal side of the global payments world. Before his time at Nium, he led the global payments product legal team at Stripe, and served as vice president and acting U.S. head of legal for corporate banking at Barclays.

As Nium’s general counsel, Lowrey will oversee the company’s legal, regulatory and policy teams, while continuing to implement new product and licensing strategies. He will also work with Nium’s customers to eliminate the regulatory complexities tied with their global payments, part of what the company says is its mission to modernize global money movement.

Learn more: Nium Launches SWIFT Brokerage Payment Alternative

Based in Singapore, Nium provides global payments and card issuance solutions and handles payouts for businesses in nearly 200 countries and more than 100 local currencies.

Last week, the company rolled out a brokerage payment tool that is designed to be a faster and cheaper alternative to the SWIFT payments network. Nium said its new product gives financial institutions  an opportunity to reduce costs, without requiring customers to add technological integrations.

“Global brokerage firms are seeing increased retail investor interest in overseas equities markets, particularly in the United States,” the company said in a news release. “Until now, transaction settlement for financial institutions serving these brokerages over legacy payment networks was costly and slow.”