Fintech Startup Remitly Taps New GC From Fifth Third Bank

By Clarice Silber (December 8, 2020, 4:00 PM EST) -- Online money transfer service Remitly announced Tuesday that it hired Fifth Third Bank's deputy general counsel as its new general counsel.

Remitly said Saema Somalya, who will succeed Aaron Gregory, will lead the company's legal, privacy, compliance, enterprise risk and risk product departments. Remitly touts its technology as a streamlined, low-fee service that is frequently used by immigrants sending money home, according to its website.

Somalya said in a statement that the work the company has done to shift the financial services industry toward more accessible and inclusive practices for immigrants is remarkable.

"As a first-generation American of Pakistani heritage, I...

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