Based on my observations, 2018 was a year when smart FinTech startups deliberately focused on building online communities. From what I have seen, very few startups were able to improve their profitability or add substantial new revenue streams. Very often, existing sources or revenues actually shrunk 🙁 However, here is what Read more…
It is not uncommon to see regulatory requests for cryptocurrency-focused businesses to split activities into 2 parts: regulated and non-regulated. For example, the licensed (e.g. regulated) entity may be dedicated to operations with fiat funds and fiat deposits, and non-regulated entity would be facilitating transactions with cryptocurrencies or managing cryptocurrency wallets. Read more…
“How to get more partnerships and get them faster” has been a common theme during 2018. Many startups joined acceleration programs not because they needed exposure to get funding, but because they needed exposure to secure partnerships. Even regulatory approvals seemed easier in a way, comparing to getting sign offs Read more…
It’s been reported recently by a number of news outlets (here or here) that Luxembourg introduced a new Blockchain law. Why I refer to it as an “unfortunate hype” is because, factually speaking, this regulatory statement did not introduce any significant changes and did not really provide a lot of clarity. Read more…
On January 1st, 2019 a new license type will become available to FinTech companies established in Switzerland. This so-called FinTech Authorization was introduced as an amendment to the Swiss Banking Act on June 15th, 2018, and has now come into force. In summary, if the number of clients’ funds accepted Read more…
I’d like to share with you my favourite podcasts for entrepreneurs, small businesses and anyone interested in building and marketing your business online. Amy Porterfield: Digital Marketing Made Easy. By far my favorite. Especially I like tips and strategies around understanding your target audience, finding your voice, setting up Read more…
As I work with different startups, I have had the opportunity to compare various corporate tools and admin solutions. Here is a list of some popular resources that I believe work really well: Slack for internal messaging, reminders and other internal communications. Zendesk for customer support and tickets management. BambooHR Read more…
What is you biggest compliance challenge today? – I will tell you about mine The biggest challenge I have, when taking on a new FinTech project, is to estimate how long things may take. How long it takes in compliance often means when the product will go live. So, it’s Read more…
