Compliance That Makes Sense

When it comes to crypto regulations, uncertainties are rife. In this episode, I share my thoughts on what the future of crypto regulations is likely to look like based on what I have noticed about the way regulators usually deal with new technologies.

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:

[00:38] An overview of today's topic.

[00:57] Uncertainties that are rife in the crypto space.

[01:56] How regulators approach innovative technologies: phase one.

[02:43] Triggers that can result in sweeping bans on certain technologies.

[04:14] What causes regulators to develop very targeted regulations for technologies.

[05:35] How ideological biases can negatively impact technological advancements.

[08:08] Factors that are likely to determine cryptocurrency regulations in the future.

[08:20] The United States' prior attempts to enforce their financial regulations outside of their domestic market (and what this could mean for crypto regulations).

[09:32] Why regulators can no longer plead ignorance about cryptocurrencies.

[10:54] Upgrades I have made to the Self-Starter package!

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.

As a FinTech startup founder, it is almost guaranteed that you will experience some form of crisis at some point in your journey in the industry. And more likely than not, you will experience more than one! In today's episode, I discuss some of the more common crisis situations, from counterparty failure to regulatory issues, and offer advice on how to deal with them.

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:

[00:42] The focus of today's episode.

[01:11] How I define the term 'crisis' in this context.

[01:56] Examples of how a counterparty failure crisis can play out in the FinTech industry.

[03:39] Other common problems experienced by FinTech startups.

[05:28] Situations that may feel like a crisis to a new founder, but which are actually not the end of the world.

[07:12] Why every FinTech startup will go through at least one crisis situation (and probably many more!).

[09:21] My advice for dealing with a counterparty failure.

[12:07] Warning signs for regulatory issues, and what to do when these arise.

[13:12] The importance of being open and honest with regulators.

[14:16] Survival rate for FinTech startups that experience a crisis.

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.

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/

To get your app onto Google and Apple App Stores, you will need to go through a review process. In this episode, I explain how to respond to some of the most common compliance questions that Apple and Google reviewers may ask you in relation to your app.

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:

[00:41] An overview of today's topic.

[01:00] One of the most common causes of confusion that arises when submitting an app for review.

[02:10] Advice for how to explain your white-label partnership functionalities.

[04:11] Why your reviewer might struggle to understand your partnership agreement and how you can make it easier for them.

[06:18] What to say to a reviewer if you don't have licenses for every country.

[10:50] How to approach questions relating the geographic scope of your services.

[13:27] An overview of the FinTech Licensing Workshop for Self-Starters!

Show links:

• Join the FinTech Licensing for Self-Starters workshop on the 25th of April.

• 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.

ChatGPT has had a big impact on many industries worldwide because of its ability to accelerate and simplify processes. Although some people are worried about the job losses that applications like ChatGPT are likely to cause, I am excited about the future of the compliance sector with this kind of technology available. 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:

[00:39] The huge impact that ChatGPT is having on many industries worldwide.

[01:20] Reasons why ChatGPT has taken the world by storm.

[01:54] Examples of the compliance-related jobs that are likely to be taken over by ChatGPT or other AI applications in the near future.

[03:04] Why many people are fearful about the impact of ChatGPT.

[03:19] Why I disagree with the negative opinions that many people have towards ChatGPT and similar AI technologies.

[04:18] Activities that are likely to remain in the hands of human beings for the foreseeable future.

[05:23] The three essential pillars of compliance.

[05:55] Problems that are likely to arise if the three essential pillars are not in place.

[07:26] The human actions that will be the most difficult to replace with AI technology.

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.

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'll 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.

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:

[00:32] 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.

Show links:

• Connect with me on LinkedIn here.

• Learn how to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective

• 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.

If you've realized that a completely rational, pragmatic approach doesn't always work for you in business, you'll be very happy to know there is another way. In this episode, I share some of my favorite "spiritual" tools that can help you learn to lean more on your intuition, increase your motivation, and feel more confident in your decisions!

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:

[00:38] An overview of today's topic.

[00:58] What inspired me to record this episode.

[01:57] How I define spirituality in the business context.

[02:26] Examples of circumstances where I lean on my spiritual side.

[03:48] How guided hypnosis audios can positively influence your business journey.

[06:05] The value in working with a coach or a mentor.

[08:08] The benefits of journaling.

[08:44] What I love about short-term courses (and I've done many!)

[10:34] Tools that you can use to increase your levels of motivation.

[14:29] The fine line between motivation and willpower.

Show links:

• Connect with me on LinkedIn here.

• Learn how to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective

• 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.

If you've been asked to attend an interview with a regulator, don't panic! In this episode, I share my advice on how to approach these interviews and the types of questions to expect.

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:

[00:38] An overview of today's topic: preparing for interviews with regulators.

[01:06] The motivation behind this episode.

[01:40] Potential reasons that a regulator will request an interview.

[03:12] Types of questions that you should expect from an interview with a regulator.

[04:25] Advice for how to approach interviews with regulators if you working in a foreign country.

[05:49] Important documentation to take with you to a interview with a regulator.

[06:56] Experiences that are irrelevant to your interview with a regulator.

[07:27] What to do if your history contains some unsavory elements.

[09:22] How to decide who to appoint as the board members for your company.

Show links:

• Use this free resource to find, pay, and negotiate with board members: https://competitivecompliance.lpages.co/director-services-agreement-template/

• Learn how to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective

• 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.

Starting a business with a friend sounds like a good idea in theory, but in reality, it's often a different (much more challenging) story. Tune in today to hear about the common issues people face when they choose to go into business with their friends.

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 overview of today's topic: the co-founders' dilemma.

[00:53] Why joining forces with friends to start a company isn't always a good idea.

[03:10] An example of when combining friendship and business has worked well.

[04:14] How situations often play out when one co-founder isn't fully competent.

[06:27] How friends who are co-founders affect workplace dynamics.

[08:06] The problem of not signing a shareholder agreement (a common mistake made by friends who become co-founders).

[09:50] The key takeaway from this episode!

[10:31] Advice for people who work for co-founders who are also friends.

[11:18] An overview of the FinTech Compliance Collective program.

Show links:

• Take part in our workshops and coaching sessions to level up your FinTech compliance expertise: https://yana-afanasieva.mykajabi.com/offers/gs4Mzgdy/checkout

• 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.