I wanted for the first episode of 2023 to talk about why FinTech companies should be testing their decisions before testing their products. I walk you through the biggest mistake that startup FinTech companies make and why building a project from the bottom up generally does not work, and I explain the difference between reactive firefighting and just-in-time compliance and why the latter is more effective. In summary, instead of testing a product that is nearly ready, you need to first test the decision to launch the product first.

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Today’s episode:

• [00:42] I hope that we have a beautiful 2023 ahead of us.
• [01:50] Explanation of this episode’s title.
• [03:06] The biggest mistake regarding using unnecessary resources.
• [06:05] FinTech CEOs often view new projects as exhaustive checklists.
• [08:33] An example of why startups building a project bottom-up doesn’t work.
• [11:41] Why projects can get stuck.
• [14:07] The difference between reactive firefighting and just-in-time compliance.
• [15:13] Just-in-time is more efficient than reactive.
• [17:26] Problem with relying on an authority figure.
• [19:56] What FinTech teams really want given time and money constraints.
• [22:21] Please be sure to listen to the next episode!

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