Consumer protection, especially in recent years and especially in Europe and the Western world, has become counterproductive. Some regulators believe that we don’t need more FinTech startups because we already have enough of them and because more startups may fail and hurt consumers. I disagree. We need more startups because many financial Read more…
There are two main trends that, in my opinion, will impact regulations around cryptocurrencies, blockchains, and DeFi. 1). There is a very predictable cycle of how regulators approach most innovative technologies. We have seen it happening with cryptocurrencies over the last few years, and now we can see it again Read more…
When it comes to crypto regulations, uncertainties are rife. In this episode, I share my thoughts on what the future of crypto regulations is likely to look like based on what I have noticed about the way regulators usually deal with new technologies. If you found value in this episode, Read more…
Crisis situations hit most FinTech startups a few times a year. By crisis, I mean some sudden changes in external circumstances or adverse events where founders and the management team are unsure if and how their business is going to survive. Some of the (most common) examples: If you work in FinTech, I can Read more…
As a FinTech startup founder, it is almost guaranteed that you will experience some form of crisis at some point in your journey in the industry. And more likely than not, you will experience more than one! In today’s episode, I discuss some of the more common crisis situations, from Read more…
I’d like to argue that there are two main regulatory approaches in the world: regulations on “how to do things” and regulations on “how to report things”. Depending on the category of this regulation, the strategy of your compliance implementation will be dramatically different. Successful FinTech smart companies tend to Read more…
In the world of compliance, there are two main regulatory approaches: how-to-do-things regulations and how-to-report-things regulations. Depending on the regulation type, the compliance and implementation strategy can be dramatically different. In this episode, we explore how smart fintech companies can leverage a specific regulatory approach to grow and optimize their Read more…
Let’s talk about how to prepare for Fit and Proper interviews with regulators. First of all, these interviews don’t happen always. In fact, they are more likely to happen if this is your first-time MLRO, Director, or Board Member role and you are relatively young. In many cases, regulators have Read more…
If you’ve been asked to attend an interview with a regulator, don’t panic! In this episode, I share my advice on how to approach these interviews and the types of questions to expect. If you found value in this episode, I would really appreciate it if you could leave a 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…