Have you ever wondered why VCs keep pouring money into loss-making FinTechs? For the longest time, financial industry veterans have been saying that financial companies survive and grow by avoiding risks because from their perspective, avoiding risks equals avoiding losses and keeping customers’ money safe. However, equating the safety of Read more…
There are hundreds of cases in the field of compliance where people create problems for themselves when in reality, those problems do not exist! In today’s episode, I’m going to talk you through three of the common fears around compliance in FinTech companies, and why these fears are unfounded. If Read more…
Despite so many financial industry veterans being anti-risk, in today’s episode, I’m going to explain why I think this is not a good approach, and I share with you the many benefits of taking risks and making losses as a FinTech start-up. If you found value in this episode, I Read more…
In the last months, a few of my FinTech clients have asked me to review their application forms for bank account opening. Here are examples of SUPER IMPORTANT questions (that look very innocent and almost boring) where I felt the original answers were completely misleading, out of context, and would Read more…
Today, I’m offering you a history lesson on how FinTech compliance goes from Stone Age to Leverage. 1. Age of Innocence: At the beginning of your FinTech compliance journey, you assume you are not regulated, too small, unprofitable, and therefore, no rules apply to you. You may be taking some funds Read more…
If you are like many of my followers, you may be asking yourself a question, whether or not now is the right time for you to invest time and money in the FCA Program, when so many other things are uncertain and up in the air. To answer this question, Read more…
The doors to the FCA (FinTech Compliance Acceleration) program are closing on June 1st, so… imagine… what becomes possible for you when by the end of summer 2021 you will be well known and established in your specific FinTech industry niche, equipped to connect with media and influencers, have practiced how sharing your unique Read more…
Today I want to talk to you about competition, how important your competition is, and more specifically, how much time I feel you need or don’t need to spend studying your competitors when it comes to compliance. Sometimes my clients would ask me, do you know how my competitor is Read more…
In this Compliance That Makes Sense episode, we discuss internal auditors and why you shouldn’t hate them. People sometimes perceive internal auditors as useless, time-wasting, police playing, and always inflating problems while not being an expert in any particular field but still telling everyone else what to do. When I Read more…
This workshop includes: Live Q&A sessions on December 8-9th, 2020 Sample Internal Audit Plan (usually external audit starts with a review of your internal audit work) Sample documents and policies you must have in place, such as a description of your Governance and Internal Controls, Code of Conduct, Segregation of Read more…