If you work in FinTech compliance, you already heard me say that hard work, extensive research, attention to detail, and deep regulatory knowledge is not the best way to solve compliance issues and add value within FinTech. You may be shaking your head in disbelief and I totally get it. Read more…
This is what it usually looks like when FinTech founders or CEOs micromanage compliance: Why does it happen? Did you notice something similar? How do you deal with it? 😉 Prefer to listen to this content instead of reading? Then tune in to this podcast episode of Compliance That Makes Sense.🎧 🚀 Did you Read more…
Today, I wanted to share with you my thoughts about FinTech co-founders who are also best friends and how it may become a problem for the company and the team. You often hear that the best startups are launched by founders who already worked together before, and when one of them Read more…
Today, I wanted to tell you about what happens when early-stage startup founders resist/refuse/delay/feel reluctant to hire compliance people and ask other team members to do compliance instead (or even prefer to do it themselves): Do it yourself and work harder and longer or ask your Customer Support person or CFO Read more…
Let’s assume you need to complete an AML/operational/IT audit. You received the first quote from the audit firm and you are about to have a panic attack or something along those lines. 😩 🤯 😬 So, how do you go about negotiating your audit fees? Old fashion strategy would be Read more…
I would like to share with you my thoughts on DAOs. Wikipedia defines DAO (Decentralized Autonomous Organization) as an organization governed by rules encoded by a computer program (consensus mechanism), controlled by the organization members, and not influenced by a central government. Bitcoin is generally considered to be the first Read more…
Most compliance officers would agree that onboarding and reviewing corporate customers is one of the most painful and annoying KYC tasks ever. It takes forever, it’s confusing, and everyone involved (customers, UBOs, compliance officers, and relationship managers) hates every step of the process. BUT WHY? Why cannot we all simplify Read more…
So the doors to Compliance That Makes Sense Helpline are now open and we are accepting new participants. In January 2021, we will celebrate 2-year anniversary (can you imagine that!!!) and there are some clients who are still with us to date! Here is how you know if Compliance Helpline can actually help Read more…
Photo by Emma Matthews on Unsplash Let’s face it, due diligence processes are overwhelming: They never end, you feel like you are going over the same items for a thousand times, nobody is listening to what you say and if they do, they find obscure ways to turn it against Read more…
“Dare to lead great” is Teresa Kwon‘s tagline. Why leadership can be daring and challenging is obvious to most founders and entrepreneurs. Teresa shares her insights on finding first team members, transitioning from side hustling to employing people, bringing experts and eventually delegating. This concentrated wisdom can save you time, Read more…