Compliance Officers are almost never promoted within their companies and have to change jobs to get ahead – it’s just statistics. Since I often help my FinTech founder clients to interview their compliance leaders and regularly give feedback about their existing teams, I think I have a perspective. Most compliance Read more…
What is really sad and devastating for the FinTech industry is to see how old-fashioned and narrow-thinking compliance professionals slowly kill their companies by doing [many or all of] the following: They try to make their management and Boards fearful and suspicious of internal and external audits, which makes audit scoping Read more…
I don’t believe that information is power in 2021, especially not in FinTech. Information about how one should run a FinTech business is everywhere and you can get it for free. More information does not empower anyone, more likely than not – it just creates overwhelm. Which is why, in Read more…
“2021 will be a year where professions that have been information-based will shift.” Today, Yana is discussing why she believes that the compliance function is an implementation function instead of just a providing information function. Yana argues that compliance has changed over the years, and since information is everywhere, it’s Read more…
Listen as Yana discusses why some FinTech startups make it to the top, keep growing, and secure license applications, partnerships, and funding. In contrast, most startups just run out of money and aren’t able to make it. What is it that those few startups have figured out? Yana gives her Read more…
Why is it that very few FinTech startups keep growing, secure licenses and partnerships they want, and are loved and praised by their customers… while most other startups struggle and run out of money? They all operate in the same environment, get almost the same level of seed investments, graduate Read more…
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. “It’s not the right time for our company now, I like the idea of being able to get insights via Helpline, Read more…
Let’s look at one FinTech’s onboarding flow metrics: Started the registration process – 100% A confirmed email with a reverse link – 90% Started providing KYC information (e.g. name, address, etc) – 88% Started video verification – 55% (many of the users apparently did not have the document at hands Read more…