In the last few posts, I’ve covered why 2 of the most commonly applied compliance strategies – “just-in-case” (preparing everything, losing yourself in piles of documents, and overspending money), and “minimal checklist” (where you end up re-doing everything over and over again, overspending effort) is not used by successful FinTech Read more…
Most founders would rather be seen as an inspirational, positive figure in their organization, and not as the person who has to constantly push back against their compliance team. If you are one of those founders who feel as if they are always playing the bad cop, this episode is Read more…
Over the past few years, there has been an increase in the amount of money that companies are spending on compliance, but this is not having its desired effect; there are just as many, if not more, compliance issues occurring. In today’s episode, I explain why the old top-down certification-based Read more…
Today, I’m offering you a history lesson on how FinTech compliance goes from Stone Age to Leverage. 1. Age of Innocence: At the beginning of your FinTech compliance journey, you assume you are not regulated, too small, unprofitable, and therefore, no rules apply to you. You may be taking some funds Read more…
FinTech founders or CEOs want to be positive and inspirational and deliver only great news talking about growth, opportunities, or achievements of important milestones. They hate to resolve conflicts, take sides, admit mistakes, cancel projects, and they especially hate pushing back on compliance inefficiencies, slow processes, or poor customer experience. Read more…
Let’s continue the conversation about compliance as a function and what are the main pain points experienced by the compliance profession these days. Based on my observations, they are: onboarding of corporate customers (e.g. legal entities or corporations) relying (or not relying) on technology (which results in a growing amount of Read more…
In recent months, many compliance officers had to answer the following questions: Should we ban Whatsapp on the company’s mobile phones? How much can we share on Slack? Should we stop using Equifax services? How can we explain to our auditors that using AWS contracts based on the US is Read more…
People randomly buy and sell BTC just because Elon Musk has a new tweet and I think it’s not just unfortunate, it’s a symptom of bigger issues to come. (Well, there is an argument to be made that Musk is the new Trump on Twitter, but that’s beside the point.) Read more…
Welcome to the second installment in my mini-series on The Rise of Just in Time Compliance. Today I wanted to tell you my personal story about how I discovered the just-in-time compliance principles and how it completely changed my life. Rewind the clock back to 2016 when I was working Read more…
Do you feel you are being taken advantage of and you have no job security? In this Compliance That Makes Sense episode, I want to start a new mini-series of episodes under the common theme of the rise of just-in-time compliance. I want to start the series by addressing some Read more…