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…
Pursuing your own licenses in 2023-2024 will take even longer for a number of factors, therefore, the dependency on your White-Label partners will increase. Success in FinTech Compliance in 2023 and beyond will depend on your ability to satisfy your White-Label partners and keep your costs low. Why securing your own 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 am really happy and excited when my network contacts or blog readers or even random FinTech enthusiasts reach out to me and ask their questions. Please keep them coming – this is how I learn about your most common concerns and challenges and can produce better and more relevant Read more…
In this episode, I run through some of the common mistakes that FinTech founders make when trying to build relationships with the government, and I share some helpful strategies for how to build these relationships more effectively. If you found value in this episode, I would really appreciate it if Read more…
You know what almost all compliance officers REALLY want? They want to work on cool innovative projects, they want to work with simple tools, they love learning new things and they want to be appreciated for what they do. It’s that simple. 😉 But… What do they believe? What shapes their Read more…
Many FinTech companies in Europe (and other places with VAT equivalent) are asking me if it’s correct to assume that crypto and FinTech businesses are generally VAT exempt. Almost – with one big exemption. It is very common for many FinTech companies to have hybrid business models where you charge Read more…