Compliance That Makes Sense

Despite the fact that many people within organizations believe that doing more manual reviews is the magic bullet that will make their compliance team more efficient, this couldn’t be further from the truth. Tune in today to hear why! 

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:48] What many of my clients get wrong about compliance tools. 

[02:26] The point when people usually decide that they want more staff members in their organization to do more manual reviews. 

[04:19] Why I believe that manual reviews are time bombs. 

[05:29] A big reason why people so often make mistakes with manual reviews. 

[06:16] Two big challenges that the financial industry struggles with. 

[07:34] Examples of cases that do require people to do manual reviews. 

[09:11] Why it is not a good idea to assign engineers to resolve issues with compliance tools.

[10:24] How to eliminate redundant manual processes within your organization.

[11:38] A common question that clients ask me about compliance tools in younger organizations, and how I respond. 

[13:05] Why your level of experience matters when it comes to compliance tools. 

[13:58] Where you can find my newly updated guide for digital onboarding of customers. 

Show links:

• Digital Onboarding Compliance Guide for FinTech Startups: https://competitivecompliance.lpages.co/digital-onboarding-kyc-checklist-split-test/
  
• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

Although many things have changed in the token industry over the past few years, token sales are still happening, they are still beneficial, and they definitely have a future! If you want to learn about the most vital elements of token based crowdfunding, don’t miss this episode. 

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:59] The short answer to the question of whether token sales have a future: Yes!

[01:54] Three main reasons that token based crowdfunding is beneficial. 

[03:45] An overview of the different categories of crowdfunding that exist. 

[05:39] Additional details about the ‘Commercial Advances' category of crowdfunding.

[10:40] Who you can sell your tokens to, and the factors to take into consideration if you want to sell. 

[12:23] My thoughts on token sale restrictions. 

[14:52] How the token industry has changed over the past few years. 

[16:38] Legislation that exists around token sales. 

[18:30] Why you don’t need to worry about being scammed when selling tokens.

[19:27] If you enjoy the podcast, please like, share and review!

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

• Click here to learn more about FinTech CEO Guide to FastTrack Compliance
  https://competitivecompliance.co/fintech-ceo-guide-to-fasttrack-compliance/

It’s not always easy to know where the root cause of the problems in your organization lies. In today’s episode I’m going to give you some examples of common issues which may seem like organizational issues but in fact, they are just a result of inexperienced compliance officers who don’t yet know that not all problems can be Googled! 

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:54] The inspiration behind today’s topic.   

[02:54] Examples of organizational issues that arise from conflict between the compliance team and the product/engineering team. 

[05:58] What compliance officers generally do when they don’t know what is possible with the data they have.  

[07:11] Cases where customers may get a negative impression of a compliance team. 

[08:58] Disagreements that may arise between compliance and marketing teams within an organization. 

[11:15] What experienced compliance officers know that inexperienced compliance officers don’t. 

[12:57] The dangers of over-conservative compliance approaches.  

[14:33] Signs of inexperience that FinTech CEOs should be aware of within their compliance teams. 

[17:26] An important question to ask yourself if you are part of a FinTech organization struggling with any of the issues discussed today.

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

• Click here to learn more about FinTech CEO Guide to FastTrack Compliance
  https://competitivecompliance.co/fintech-ceo-guide-to-fasttrack-compliance/

There are a number of different factors to consider prior to undergoing a ‘fit and proper’ assessment, and although there is no one-size-fits-all approach, in today’s episode I’m going to talk about some of the most important practices and principles which can help you achieve success in the FinTech compliance world! 

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:39] An introduction to the topic of today’s episode. 

[01:07] The importance of ensuring that your team is sound prior to an assessment.

[02:23] Key factors to take into consideration when structuring your team.

[04:20] Examples of roles within a FinTech company that can be combined. 

[05:11] Cases where a director of one entity can be the director of another entity. 

[06:35] Reasons that some regulators don’t approve of one person being the director of multiple entities. 

[09:16] Why local experience is becoming less relevant in the FinTech world. 

[10:38] Weighing up the pros and cons of hiring a part time compliance officer. 

[11:45] Situations within which conflict of interest issues can arise, and my advice on resolving these. 

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

• Click here to learn more about FinTech CEO Guide to FastTrack Compliance
  https://competitivecompliance.co/fintech-ceo-guide-to-fasttrack-compliance/

What’s on the horizon for FinTech and Crypto in 2022?  

Hello friends and Happy New Year 2022. I strongly believe that this year is going to be the year of crypto. In today’s episode, it is dedicated to DAOs (Decentralized Autonomous Organization) and why I don’t believe in them.

Join me as I share my thoughts on DAOs and their possible future.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:58] - The focus of this episode:  DAOs 

[02:06] - Bitcoin ecosystem is generally considered the first functioning DAO

[03:24] - Two most popular DAO cases.

[06:25] - Why do I think that DAO is a bad idea for escaping or avoiding regulations, or jurisdictions.

[07:32] - And the three main problems with DAOs in this case. 

[09:22] - An internet community with a shared bank account sounds great in theory.

[09:44] - Funding of a DAO and function of a DAO often depends on distributing tokens

[10:17] - Why DAOs are a weak governance idea.

[12:03] - What may happen in the future for DAOs.

Show links:

• Sign up for the Compliance That Makes Sense Helpline today!
• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

What’s on the horizon for FinTech and Crypto in 2022?  

In today’s episode, I wanted to discuss the trends I see coming in the FinTech space for 2022.  Obviously, things may change with this forecast, but this is why we love crypto and FinTech so much.  

Join me as I share my thoughts on what we might see in the coming year.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:43] - The focus of this episode: FinTech trends I see for 2022.

[01:30] - What I see regarding crypto adoption in gaming. 

[02:29] - Will there be interest in institutional crypto adoption?

[03:18] - What about loyalty programs with online and eCommerce companies? 

[04:05] - Cash-back and rewards-back programs in 2022.

[05:06] - I discuss the mess the U.S., as a jurisdiction, faces due to self-inflicted regulatory issues around crypto. 

[05:47] - Will CBDCs grow in 2022? 

[06:14] - I suggest why many existing private stablecoins will likely be restructured or may even disappear.

[07:29] - Inflation is on the horizon and it will create new opportunities for new services and profit-making opportunities.  I review why. 

[07:55] - I wrap up the conversation.  Have a wonderful rest of your 2021!

Show links:

• Sign up for the Compliance That Makes Sense Helpline today!
• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

Gaming is an industry that is growing super fast.  Half of the world’s population are gamers in some capacity.  And, gaming is super profitable.  

In today’s episode, I wanted to give you one specific example that I feel will be very popular in the coming year.  We are going to discuss gaming and crypto and how they will most likely create a lot of white-label solutions and partnerships in the months and years to come.

If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[01:15] The focus of this episode: gaming and crypto.

[01:39] What I learned from my son who is in the gaming space.

[02:24] How much capital is waiting to be invested and deployed into gaming and entertainment startups?

[02:45] I explain why some investors have their eyes on the gaming industry.

[03:27] Gaming as an industry from a historical perspective.

[04:30] My thoughts on an Axie Infinity NFT case study.

[05:36] The movement from pay-to-play, to pay-to-win, to pay-to-earn.

[07:20] Are gaming studios equipped to handle regulatory pressure as of today?

[08:34] What I see happening with FinTech and the gaming industry in the coming months and years. 

[10:33] The Compliance That Makes Sense helpline is now open!  Here’s how to work with me.

Show links:

• Sign up for the Compliance That Makes Sense Helpline today!
• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!
• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

I recently read The Beginning of Infinity, a book which had a profound impact on how I see the world. In today’s episode I apply some of the concepts from that book to my field of expertise. If you’re looking for a way to efficiently scale your startup while remaining compliant, you’ve come to the right place; get ready to say goodbye to risk-aversion and expand your knowledge horizon!

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[00:49] The focus of this episode.  

[01:14] Some lessons that I learned about compliance while working at Amazon and PayPal. 

[02:49] Why big FinTech companies must be accepting of risks and deal with compliance in a targeted way.

[04:16] What made me want to leave my job at PayPal.

[06:10] My experience as PayPal’s compliance point of contact for some of their internal projects. 

[09:16] The motivation behind my decision to start my own business. 

[10:56] The approach you need to adopt if you are going to keep growing while remaining compliant. 

[13:22] Three key components which will help you achieve compliant growth.  

[15:32] Why FinTech founders struggle so much with pragmatic risk acceptance.  

[16:28] The Beginning of Infinity; how this book changed my life and why everyone should read it. 

[18:05] Two concepts from The Beginning of Infinity, and how they relate to compliance and risk. 

[20:41] How to prepare for future risks in order to efficiently build scalable compliance within your FinTech startup.

[23:48] What I am going to be discussing in next week’s episode. 

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.

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.  

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

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.

Show links:

• Click here to learn more about FinTech CEO Guide to FastTrack Compliance
  https://competitivecompliance.co/fintech-ceo-guide-to-fasttrack-compliance/

In this episode Yana shares with you her recent research around NFTs, their regulatory framework and how they are currently offered and traded.  You can also find more information about Yana's personal NFT here.

If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. 

Today's episode:

[01:21] What you are buying when you purchase an NFT. 

[01:54] Two ways in which you can store the digital asset that you have purchased. 

[03:00] The admirable intention behind NFTs. 

[04:00] Problems with the way NFT’s are being governed.  

[06:54] Differences between the creator-owner relationship in the NFT and non-NFT world.

[10:11] How you can end up with a worthless digital asset.

[11:16] Why I think we are in an NFT bubble.

[13:08] Reasons that most NFTs are not securities.

[14:16] Crypto adoption; the biggest benefit of the NFT movement.

[15:54] Why I decided to create my own NFT. 

Show links:

• Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package!

• I would love to invite you to sign up for my newsletter. If you are interested, please click here.