Are you ready for an epic episode? Yana will summarize her vision for FinTech compliance, how it should be billed, how it could be optimized, and what it should look like. Yana shares her top three examples of where FinTech companies lose money, time, resources, and energy in compliance and compliance requirements because she believes this is completely unnecessary and completely avoidable, plus so much more on this episode of Compliance That Makes Sense. 

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Today’s episode:

• [00:34] Hello, my friends!
• [01:24] Yana believes that a lot of money, time, resources, funds, and energy are being wasted in compliance and compliance requirements.
• [01:54] Listen as Yana shares where FinTech companies lose a lot of money.
• [03:03] Another example is when they have a project that requires other people’s approval.
• [04:32] A third example is poor preparation and bad management of regulatory inspections and external audit outcomes.
• [06:27] If it’s not money, knowledge, or more people or resources, what are the strategies that you need to know to make your compliance scalable?
• [07:05] The first success factor is to manage long term FinTech projects as lean and agile technology projects.
• [10:19] One of the most important components is VIP level user experience.
• [12:32] Video verification is where you lose most of the people.
• [14:46] Yana discusses the ‘Just in Time’ process is another area she believes there are many opportunities for improvement.
• [17:39] Documenting your processes in advance is a way to streamline the process.
• [18:16] The last thing Yana wants to talk about is that you need to have the right cooks in the kitchen.
• [20:13] Yana has never seen a FinTech company fail or go bankrupt from compliance.
• [23:31] Thank you for listening!

Show links:

• Compliance That Makes Sense Information – click here to see if this is the right fit!