TranzactCard Partners With Leading Fintech Expert Joyce Mehlman as Chief Compliance Officer

Joyce is a leading expert in the fintech industry, and in 2012, she founded iLEX Consulting Group to assist financial organizations in their successful migration to the fintech space. Since the inception of iLEX, there has been a significant increase in demand for Joyce's expertise. In just ten years, her team has grown to 23 employees, launched over 43 programs, and helped 12 banks enter the fintech space.

Joyce's journey in fintech started in 2005 when she was appointed COO for Bancorp Bank, which was among the pioneers in the fintech industry. According to Joyce, during this time, she learned about fintech and what a partnership with a bank in this space would look like. While fintechs may no longer be considered as disruptive to the banking industry, they certainly enhance it with new products and services. Joyce believes that implementing change in traditional big banks is like turning an aircraft carrier, whereas in fintech, it's more like maneuvering a rowboat.

Joyce expressed her excitement about supporting TranzactCard, noting the company's innovative strategies as the reason behind it. According to her, "TranzactCard's rewards program and unique card model are some of the many things the company is doing right, which has been well-received by the market."

Co-founder Peter Rancie said that partnering with Joyce is a pivotal moment for the TranzactCard team. "Her extensive experience and innovative approach are exactly what the team needs to navigate the complexities of the fintech compliance landscape."

Amidst intense regulatory scrutiny and the crucial need for compliance, Joyce and her team are well-equipped to keep TranzactCard on the right path. Joyce noted that TranzactCard is highly focused on ensuring compliance and is working closely with her team to ensure that customers are fully protected.

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