Dec 6, 2021
There are common misconceptions around FinTech compliance, and if you take the old-fashioned approach, you could end up really hurting your business. After listening to today’s episode you’ll understand the best way to approach compliance, and how this will allow you to scale your operation in a sustainable way.
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Today's episode:
[00:58] Misconceptions that many FinTech founders have about compliance.
[02:09] An explanation of minimal-checklist compliance.
[04:14] Comparing minimal-checklist compliance with just-in-time compliance.
[06:44] The danger of implementing compliance regulations without understanding them.
[07:47] Low success rates of FinTech start-up’s.
[08:05] How the giants of the FinTech world ‘got away with murder.’
[10:03] Old-fashioned compliance advice, and how it can hurt your business.
[11:20] What I believe to be the most efficient way to scale your FinTech while meeting regulatory requirements.
[11:45] The open-endedness of most compliance regulations.
[12:22] One of the biggest lies that circulates in the financial industry.
[14:10] Biggest costs for many FinTech start-up’s.
[15:08] How you should be approaching risk.
[16:03] What you can expect from the upcoming Compliance That Makes Sense episode.
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