I’d like to share with you my experience of enlisting, educating, and managing a number of tech-focused startups who attempted to venture into the space of distributing or selling financial products… and failed miserably in most cases. The main reason why they try to do it is that they have Read more…
If you work in FinTech or Financial Services, you probably know that most audits start with a “please, send me your policies” request. And most audit findings come from scenarios when you did not follow your policy or when your policy did not describe something that actually happened. So, what Read more…
As a FinTech startup founder, you are likely to have a customer-friendly mental image of what the financial services industry should look like: A world in which transactions are instantaneous and transaction fees are low; a world where technology helps include humans (billions of them!) into the global financial system; Read more…
This is a short and sweet episode about the reasons that the vast majority of retail public investors want to buy and sell cryptocurrencies, and the tokens that you should and shouldn’t consider offering to your customers if you are a fiat-focused fintech looking to branch out into the crypto Read more…
Have you ever wondered why VCs keep pouring money into loss-making FinTechs? For the longest time, financial industry veterans have been saying that financial companies survive and grow by avoiding risks because from their perspective, avoiding risks equals avoiding losses and keeping customers’ money safe. However, equating the safety of Read more…
Despite so many financial industry veterans being anti-risk, in today’s episode, I’m going to explain why I think this is not a good approach, and I share with you the many benefits of taking risks and making losses as a FinTech start-up. If you found value in this episode, I Read more…
Today marks one year of me bringing you Compliance That Makes Sense! In today’s episode, I share what inspired me to begin this podcast, and what has motivated me to keep going. You’ll learn more about my background, and why I am so passionate about FinTech compliance. Thank you for Read more…
For those who don’t know, DeFi is a set of technical solutions that do not have an identifiable person or body behind the service. Today’s episode was triggered by an announcement made by Shapeshift about their intention to completely decentralize their company and go all-in with DeFi because they felt Read more…
I know, it sounds counter-intuitive and confusing, but it’s the reality: what you do as a FinTech startup in order to open your bank accounts is almost entirely opposite to what you do to secure a license application. Here is how these relationships are fundamentally different: How these fundamental differences Read more…
Five of my FinTech clients lost some of their banking relationships this year, despite the fact that they had been partnering for 3 years prior to that. There were 2 main reasons for account terminations: FinTech startups commenced new activities with new clients and the banks refused to support these new financial Read more…