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 businesses while minimizing the burden of compliance. We also dive deeper into the benefits of the how-to-do-things regulatory approach and how it can help companies optimize their processes and services.

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Today’s episode:

• [00:32] Discussion of the two main regulatory approaches: how-to-do-things regulations and how-to-report-things regulations.
• [01:49] The types of regulations that provide clarity and a level playing field for companies.
• [3:26] The differences between regulations on how-to-do-things and how-to-report-things and how companies in the compliance industry view them.
• [04:19] How regulations aimed at detecting and curbing unwanted behavior can be overly burdensome for companies and individuals.
• [05:41] Contrasting compliance regulations that offer little value to companies already doing the right thing with regulations that can help a business optimize its processes for growth. 
• [07:20] Tips for determining whether a regulation is helpful and minimizing compliance efforts.
• [08:35] An invitation to share your experiences and thoughts on the two types of regulatory approaches discussed.

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