Are you a FinTech Founder or the CEO contemplating how much funds and engineering resources to allocate to your compliance team during the next 12 months? – READ THIS FIRST! You may have tried some of the following strategies, but saw very little improvements, right? The reason why you may Read more…
This is what it usually looks like when FinTech founders or CEOs micromanage compliance: Why does it happen? Did you notice something similar? How do you deal with it? 😉 Prefer to listen to this content instead of reading? Then tune in to this podcast episode of Compliance That Makes Sense.🎧 🚀 Did you Read more…
This is the time of the year when many FinTech startups are writing up various mandatory reports and preparing for annual reviews and inspections. Compliance reporting generates and keeps up-to-date a lot of mandatory documents that you send to your board, investors, regulators, and auditors, but despite the fact that this Read more…
When it comes to FinTech licensing, about 50% of review time is spent by the regulators on “fit and proper” assessment and the overall team organization. Furthermore, many regulators will not even commence any policy or financial plans review before they are comfortable with the team structure. Obviously, team composition, Read more…
The purpose of a business is to serve customers and make money. So, doing something at the expense of the overall company’s success because it is the “right” thing to do from a compliance standpoint is, in my opinion, a broken strategy. Tune in today to hear my thoughts on Read more…
Driven by what I have been hearing from FinTech founders about their experiences with compliance, in today’s episode, I talk about the core three elements of the just-in-time compliance framework, and why sometimes doing nothing is the best compliance strategy of all! If you found value in this episode, I Read more…
Today, I wanted to tell you about what happens when early-stage startup founders resist/refuse/delay/feel reluctant to hire compliance people and ask other team members to do compliance instead (or even prefer to do it themselves): Do it yourself and work harder and longer or ask your Customer Support person or CFO Read more…
I was recently asked by a FinTech founder to help streamline, discipline, and re-motivate his compliance team. In his own words: “They complain a lot but I am not sure, how reasonable their expectations are.“ I found out that indeed, there was a lot of complaining going on: “We can Read more…
There are a number of different factors to consider prior to undergoing a ‘fit and proper’ assessment, and although there is no one-size-fits-all approach, in today’s episode, I’m going to talk about some of the most important practices and principles that can help you achieve success in the FinTech compliance 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…