Ironically, just like in the movie “When Harry met Sally”, it has taken about 12 years for this couple to come to terms with the idea that they can be friends – and more – in public. But what they never show you in the cinema is the tough part that starts after the wedding and the “happily ever after” kiss.
In the previous article, I’ve traced down how your mission as a FinTech startup founder brings you on a possible collision course with partners, auditors, and regulators because of an inherent difference of vision regarding FinTech compliance, and the role it occupies in your business. I’ve also warned against pride Read more…
As a FinTech startup founder, you are likely to have a customer-friendly mental image of what the financial services industry should look like: A world in which transactions are instantaneous and transaction fees are low; a world where technology helps include humans (billions of them!) into the global financial system; Read more…
Do you know what almost all compliance officers REALLY want? They want to work on cool innovative projects, they want to work with simple tools, they love learning new things and they want to be appreciated for what they do. It’s that simple. But… What do they believe? What shapes Read more…
FinTech and Crypto startups constantly think of user acquisition which is why they frequently offer referral programs or run marketing campaigns rewarding new users who just sign up. Unfortunately, the majority of these referral or reward programs are poorly structured and end up attracting 1% of the genuine customers interested in Read more…
First of all – what is an NFT (Non-Fungible Tokens) from the regulatory perspective? Or, in other words – what do you actually buy, when you buy an NFT? In most cases, what you buy is a digital certificate linked to an image, graphics, video or audio file, gaming avatar, Read more…
I’d like to share with you some ideas on how to interview compliance officers. Here is what you can ask: 1. I’ve read your CV (or you have been referred by XXX) and it looks impressive. But what defines you as a person? What drives you? (It’s a different way Read more…
FinTech companies rarely can survive without banks, processors, and other financial partners. The more the merrier. Today, I’d like to share with you my view on having too many partners and how do you know when it’s too many. One notorious example of an epic failure with too many too-big-to-fail Read more…
Have you ever wondered why VCs keep pouring money into loss-making FinTechs? For the longest time, financial industry veterans have been saying that financial companies survive and grow by avoiding risks because from their perspective, avoiding risks equals avoiding losses and keeping customers’ money safe. However, equating the safety of Read more…
Today marks one year of me bringing you Compliance That Makes Sense! In today’s episode, I share what inspired me to begin this podcast, and what has motivated me to keep going. You’ll learn more about my background, and why I am so passionate about FinTech compliance. Thank you for Read more…