War is a process of managing resources and people, and today’s episode is all about how to win a war without fighting. I have borrowed wisdom from Sun Tzu’s book, The Art of War, and applied these concepts to the FinTech compliance industry. If you found value in this episode, Read more…
This image is from sunny and windy Cancun. 🏖 Since you have followed me for some time, you realized by now that I am always on the move. During the last 3 years, I worked from Singapore, Cran Canaria, Austrian spas, rain forests of Costa Rica, Mexican beaches, Mallorca, vineyards of Read more…
If your compliance officer is performing poorly, they should be fired from your organization. But sometimes it can be difficult to know who is responsible for the things that are going wrong, and therefore who to fire. In today’s episode, I’m going to share with you some red flags to Read more…
I’d like to compare the pros and cons of buying a regulated entity versus applying for your own license. The main advantage of buying a licensed company versus creating one and applying for the license is that you can continue to operate an existing business. With the new entity, you 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…
Average payments or e-money license or money services or a VASP regulatory approval takes about 8-12-18 months. And actually only 10-15% of companies who apply get there, the vast majority of the applicants either abandon their applications, run out of money or get an unfavorable prognosis from the regulators and Read more…
Today, I wanted to talk more about why FinTech startups and banks keep struggling with manual tasks around compliance. I mean, they have the resources, they hire smart people, they use the best tools… So, what is not working? 💭 Well, the reality is – with most compliance tools, things break Read more…
Despite the fact that many people within organizations believe that doing more manual reviews is the magic bullet that will make their compliance team more efficient, this couldn’t be further from the truth. Tune in today to hear why! If you found value in this episode, I would really appreciate Read more…
I just finished reading the new book by Ray Dalio about the cyclical nature of financial and debt systems, and how political events, pandemics, and natural disasters may impact these economic cycles. Ray Dalio is one of the most successful hedge fund managers turned researcher and historian, who made his name by predicting the financial Read more…
It’s not always easy to know where the root cause of the problems in your organization lies. In today’s episode, I’m going to give you some examples of common issues which may seem like organizational issues but in fact, they are just a result of inexperienced compliance officers who don’t Read more…