Let’s continue exploring why bottom-up project planning does not work in FinTech and what you can try as a pragmatic alternative. As some of you may know, my FinTech journey started first at Amazon and then continued at PayPal. My biggest lesson learned there: you can be compliant and you can justify Read more…
In the last episode, I discussed the just-in-time method and how that is more effective than reactive firefighting, and I am now following up on that, talking about how I discovered the just-in-time method. As some of you may know, my earliest FinTech work was with Amazon and PayPal, and Read more…
I recently had an interesting exchange with a FinTech founder about how to structure T&Cs in such as way that customers complain less and protect the entity from unreasonable or unfounded customer complaints. My position is that the easier and simpler your T&Cs are, the less likely your customers are Read more…
A client called and asked me: “WTF is internal control, how is it different from compliance and how do I document that my internal control is effective quickly because I have a call with auditors in 1 hour…” Well, Internal Controls are a sum of all your compliance, risk, and Read more…
Today, I wanted to talk (again 😬) about the “Travel Rule” for blockchain transfers and what might be the first simplified implementation of it for a FInTech startup that’s getting very confused by various complex solution providers and consortia offerings. 1. Scope – What is the “Travel Rule”? FATF issued Read more…
The majority of compliance training, certification curriculums, and seminars focus on understanding, interpreting, and implementing rules and regulations. In today’s episode, I explain why I disagree with this tactic and what I recommend doing instead! If you found value in this episode, I would really appreciate it if you could Read more…
I wanted to talk to you about geo-expansion and how to prepare for them. Here are the most common questions that come up when you decide to offer your services in a new country. Which countries to launch first? All at once or in sequence? 🤔 Ideally, the sequencing of a Read more…
After noticing that there’s a lot of confusion around the difference between client fund segregation and deposit protection schemes, I decided to clear that up in today’s episode by diving into what exactly client fund segregation is, why it exists, and how to approach it! If you found value in Read more…
Today, I wanted to tell you about one fun fact… Recently licensed FinTech companies are typically super excited, they prepare their PR statements and go on a roadshow to announce their license approval to the world. In 100% of the cases I know of, they say something inaccurate or politically Read more…
Welcome to episode 100! In celebration of reaching this milestone, I have dedicated this episode to explain why I do what I do, and what I love about my job. Thank you for being a part of the Compliance That Makes Sense journey so far! If you found value in Read more…