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…
There are major differences between working in a large institution and working in a startup environment. Nothing against PayPal, but this episode is all about the mindset shift that I had to make when I left the company and joined the FinTech startup world! If you found value in this Read more…
From time to time startup founders, regulatory consultants, and corporate business developers spend their time exploring new opportunities and building customer relationships. I have learned that it’s important to say “no” to a project or an opportunity very early on, even if it’s commercially interesting or has great potential – Read more…
Well, the most common issues with Sanctions and PEP scanning are: costs and the volume of false positives. What can you do about it? First, let’s talk about the cost. 💸 There are two general ways of paying for access to sanctions scanning and usually the choice depends on the number Read more…
Today, I wanted to talk with you about how much time I feel you need or don’t need to spend studying your competitors. It’s just so happened that in the last few days, quite a few FinTech founders asked me questions such as “how is it possible that our competitor Read more…
This question comes up again and again. Somehow, people feel that there must be this promised golden-plated land where regulators are amicable, services are affordable, everyone speaks and works in English, there is no bureaucracy, and licenses are granted next week with no questions asked. Yes, each country has its Read more…
I’d like to compare the pros and cons of buying a regulated entity versus applying for your own license. The main advantage of buying a licensed company versus creating one and applying for the license is that you can continue to operate an existing business. With the new entity, you Read more…