Let’s talk about the main concerns or objections I hear from many participants before they are ready to make up their minds and hire me or any other compliance expert.

• BAD TIMING

“It’s not the right time for our company now, I like the idea of being able to get insights via Helpline, but there is a lot going on and I don’t think I will have the time to follow, I barely have the time to do what I need to do…”

…or a variation of that:

“I have worked in compliance for XX+ years, I don’t really need more teaching or guidance, I just wish I had more time to be able to read and research new topics myself, and then I can figure things out…”

If you work in compliance, you may be thinking that you don’t need help – you just need more resources and time to do what you need to do. I’m not saying you need help with reading laws and regulations. You probably don’t!

But look around – have you noticed that many of your bosses and expensive consultants and executives know less than you do about compliance, but have much more say and influence?

To be successful at delivering on compliance projects you need more than just technical compliance expertise – you need to learn and master know-how that you cannot find in compliance policies, such as how to estimate and articulate your function’s value, learn where and how to rely on technology, and change the way you communicate and ask for resources.

• IT’S TOO EXPENSIVE

“We cannot afford it right now, money is tight…”

The biggest mistake you as a compliance officer could make is to try and argue that your business should pay for compliance just because it’s required by law. It never works long-term. If you don’t know or cannot articulate the value added by your function or external advisors, the CEO would assume there is none or very little, which is why they follow up with a question “what is the minimum of the minimum required by law that I need to do to be compliant?” Well – since there is no clear added value they know of, they try to reduce the cost and do as little as possible.

 So, how can you justify investment into Compliance That Makes Sense Helpline?

• This is an important investment, and it’s not going to be very cheap. Why do you need to see it as an investment? You can easily reduce your annual audit costs and audit issues remediation costs by 10,000 – 15,000 EUR when your documentation is solid and well structured.
• You will be able to accelerate your time to market by being able to receive faster sign-offs or approvals from partners or regulators, and depending on your running costs, each month can save you up to 25,000 EUR – even for a small startup.
• You won’t need to pay for additional consultancy, training, or seminars/webinars (because we offer ongoing monthly workshops on rare and critical compliance topics)and in some companies, these costs amount to 20,000 EUR a year.
• You will not be overpaying for compliance tools and tech features within these tools that you don’t need – it can generate additional savings of up to 50,000 EUR a year and save you a payroll of at least one additional analyst.
• You can delay this decision, as some short-term thinkers do, but a few months later, they usually find themselves having to pay much more for audit findings remediation, urgent consultancy, and other unnecessary and entirely avoidable costs. 

• MY COMPANY IS TOO SPECIAL

“Your experience sounds impressive, but I don’t think it can work for our case… Our auditors are very strict and our regulators are very conservative, everyone in our country and our industry is struggling with them… We have so much pressure from the Board and investors, we cannot afford to spend time on experimental theories and ideas from far away compared to where we are right now…”

 Here are some harmful FAKE NEWS about FinTech compliance (but they feel very real and true):

• Compliance is too complicated because there are too many rules and they keep changing.
• It takes a lot of money and time.
• It’s hard to find good compliance people.
• I need to know exactly what is required otherwise I cannot act.
• Compliance is a necessary evil and cannot add any value.
• Risks are everywhere and will go to prison if I miss something. Actually, it’s a miracle that nobody is in jail yet.

If any of these points above feel true to you, you are not alone. Most compliance officers feel that at some point, which means, there is collective experience related to what you are going through and a vast amount of crowd wisdom.

During my years at PayPal as the Head of Regional Compliance, part of my job was to review and vet startups and merchants who wanted to work with PayPal. Later on, I have helped dozens of startups either as my direct clients or students, or as a part of working with acceleration programs. This experience confirms that about 90% of compliance documentation and strategies can be standardized. If you have your unique questions, we can discuss them during the calls or via e-mail. But you will discover (I guarantee) that most of the issues you face are not unique. Which is good news, because it means there are strategies you can try. ALWAYS.

In summary, Compliance That Makes Sense Helpline CAN WORK FOR YOU, but first let me ask you a few questions:

• Wouldn’t it feel great to stop feeling lonely at times and knowing that you can have access to someone experienced when you don’t know what to do?
• Would you feel more confident to know what others are doing and back up your recommendations by industry examples?
• Would you want to become more productive and deliver faster solutions for your organization, knowing what to say and what to write in most situations?
• Would it give you the confidence to know what specifically other companies in similar cases did or did not do and how did it work for them?

 Let’s face it, if you’re reading this, it’s because you want to be a better, happier, and more successful FinTech entrepreneur or professional. You want to be able to announce regulatory approvals, important partnerships, you want to feel great about your company and your business and enjoy the well-deserved respect of your peers. And you don’t want to achieve all of it by spending days and nights in compliance meetings or reviewing massive documentation files.

As a bonus to all the support and guidance, you will have access to dozens of templates and checklists, and various policies to save you even more time!  

Watch the demo to have a better idea of how these templates work – you will see that it’s not at all time consuming and simply designed to save your time and efforts. 

If you have questions – just ask me via DM, and I will be the first to tell you if it is not the right fit for you.

It’s safe to say that every day you’re not using the support available to you via Compliance That Makes Sense Helpline is a missed opportunity – so stop waiting.

>>Click Here to Join Compliance That Makes Sense<<