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…
This year has brought to the surface a set of completely new business and regulatory challenges and almost any FinTech or crypto company would have to make their own decision on how they are going to address that. So – what are the emerging challenges and new projects I am seeing? Read more…
You may not know this, but before you can apply for a FinTech license, you need to go through the pre-application stage. This stage can feel like a time-waster, but it is actually very valuable. Tune into today’s episode to hear why! If you found value in this episode, I 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…
Although many things have changed in the token industry over the past few years, token sales are still happening, they are still beneficial, and they definitely have a future! If you want to learn about the most vital elements of token-based crowdfunding, don’t miss this episode. If you found value Read more…
There is one never-ending fight in FinTech startups and it’s all about who is more important: developers vs sales vs everyone else? Developers and product teams often think they are the only ones “working” on the product and all the marketing, sales, and PR buzz is just noise. Marketing and 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…
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…