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…
Let’s assume you need to complete an AML/operational/IT audit. You received the first quote from the audit firm and you are about to have a panic attack or something along those lines. 😩 🤯 😬 So, how do you go about negotiating your audit fees? Old fashion strategy would be Read more…
Let’s talk about the relatively new phenomena of licensing pre-applications and how to make them go quickly. ⏩ License pre-application phases are introduced by many (but not all) regulators as a formal step before you can apply for any license or authorization. Regulators don’t want companies to just send them an Read more…
I would like to share with you my thoughts on DAOs. Wikipedia defines DAO (Decentralized Autonomous Organization) as an organization governed by rules encoded by a computer program (consensus mechanism), controlled by the organization members, and not influenced by a central government. Bitcoin is generally considered to be the first Read more…
If you are a FinTech founder or a CEO, you are constantly selling and your hardest pitches are not necessarily to customers. First and foremost, you need to sell your business model, your technology, and your overall concept to regulators, banks, investors, and partners. You often need approvals and permissions Read more…
Let’s talk about FinTech and regulatory scenarios when people think they are “doing ok” and don’t realize they have a problem until it’s too late or costs too much to fix. I recently created a couple of surveys and here are some interesting observations: Over 80% of compliance officers feel Read more…
I complete interviews as a compliance expert often. In this episode, I am going to tell you the common questions I get when I’m interviewed by venture capital investors. If you found value in this episode, I would really appreciate it if you could leave a review! My mission is Read more…