011 - Why Just A Few FinTech Startups Keep Growing While Others Fail and Run Out of Money?
Release Date: 12/14/2020
194 - How to Assess Your Results and Why Success Is Not Linear
Compliance That Makes Sense
This is the time of year for reflection, so in this episode, I share my theory on why achieving success for some people is so much easier than it is for others, why a high success-effort ratio isn’t always ideal, and some simple practices that you can incorporate into your life to start feeling more successful! 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...
info_outline
193 - Fork in the Road: DOGE and Deregulation in Americas vs EU Jihad on Crypto and Digitalization
Compliance That Makes Sense
In this episode, I share my thoughts on regulation and deregulation in the crypto space and my predictions for how the different approaches adopted by Europe and America will impact people and businesses in these regions. 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 , select “Ratings and Reviews” and “Write a Review” and tell me...
info_outline
192 - How to Evaluate Your Compliance Results in 2024
Compliance That Makes Sense
As 2024 starts drawing to a close, I want to unpack some of the key criteria I use to evaluate how successful my year has been. Tune in to hear my advice for overcoming some of the most common errors made by compliance professionals and the questions you should be asking yourself right now to ensure that you don’t fall into these traps again in 2025! 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...
info_outline
191 - What Sets Some Immigrants Apart: The Triple Package Theory
Compliance That Makes Sense
Today’s episode is inspired by a book written by Amy Chua and Jed Rubenfeld. It’s called The Triple Package and while it’s received its fair share of criticism, I hope that after listening to my analysis, you’ll be able to appreciate the book’s theory as much as I do! 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 , select “Ratings...
info_outline
190 - Why ECB Hates Bitcoin
Compliance That Makes Sense
In a paper released a few days ago (October 2024) two senior officials from the ECB outlined why they believe Bitcoin is dangerous, creates inequality, and is a threat to democracy. In this episode, I outline why they are wrong. 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 , select “Ratings and Reviews” and “Write a Review” and tell...
info_outline
189 - Why IP Rights and Patents are Irrelevant and Should Be Abolished
Compliance That Makes Sense
I’ve always believed in the importance of IP rights and patents, like many of you, but my recent discovery of Stephan Kinsella’s theory on this topic has led me to almost completely change my mind. Tune in today to hear about the history of IP rights and patents, why they are anti-capitalist, and how they actually inhibit rather than promote innovation. 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...
info_outline
188 - Politics, Confidence, and Success in Compliance
Compliance That Makes Sense
While I normally choose to keep my political views separate from my professional life, in this episode, I share why forming and defending your own political opinions is a very useful tool that can lead to the development of skills that will be invaluable to you as a financial-industry professional. 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,...
info_outline
187 - The Three Most Harmful Addictions: Heroin, Sugar and a Monthly Salary
Compliance That Makes Sense
Unfortunately, many employers have held onto outdated beliefs about employment and entrepreneurship. In this episode, I share why I agree with Nassim Taleb’s belief that getting a monthly salary (i.e. full-time employment) as opposed to working as a consultant often does more harm than good! 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 ,...
info_outline
186 - Cancel Culture vs Darryl Cooper
Compliance That Makes Sense
I am obsessed with free speech and misinformation, so this episode about the attempted “canceling” of Darryl Cooper means a lot to me. Tune in today to hear about Darryl’s podcast episode that caused uproar amongst many of his listeners and my thoughts on the topic. 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 , select “Ratings and...
info_outline
185 - Setting Goals and Not Achieving Them
Compliance That Makes Sense
“Having a goal and not reaching it is better than not having a goal at all.” We all know the feeling of disappointment when we set a goal that we are unable to achieve. When this happened to me earlier this year, I reread Viktor Frankl’s book, Man’s Search for Meaning, and in today’s episode, I share the invaluable lessons that it taught me about setting goals and not achieving 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...
info_outlineListen as Yana discusses why some FinTech startups make it to the top, keep growing, and secure license applications, partnerships, and funding. In contrast, most startups just run out of money and aren't able to make it. What is it that those few startups have figured out? Yana gives her insight into the symptoms that might cause you to fail and what she believes is the secret sauce that allows some to make it, plus much more on this Compliance That Makes Sense episode.
Want more? - Subscribe to Yana's super popular newsletter everyone is talking about!
If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation.
Today's episode:
- [00:33] Hello, my friends, and welcome back!
- [01:32] Yana shares some symptoms that might cause a startup to lose money and fail.
- [03:45] There is a lot of free and paid content published on FinTech compliance. Are you taking advantage of this information?
- [05:32] Agile, just-in-time methodology is proven and most recognized in delivering tech products.
- [07:22] Yana says she is always asked for a complete list of what they need to be in 100% compliance.
- [10:21] Yana discusses what she learned when she started with Amazon and PayPal.
- [12:12] Yana talks about her job responsibilities when working with PayPal.
- [14:34] When large companies like PayPal and Amazon share customer processes, or payment flows with younger FinTechs, it involves decision making around risks.
- [16:31] Yana speaks about how she sees the FinTech compliance function evolve.
- [18:45] Listen as Yana talks about your customer onboarding, and although you might be automated, everything else is manual.
- [21:15] When you have inconsistencies, your compliance cost per customer and time cost per customer is getting higher day by day.
- [23:06] Have you found the right balance between compliance efforts and growth opportunities?
- [26:02] Thank you for listening!
Additional Materials:
Is your compliance lean and agile? If you are not sure, go to www.competitivecompliance.co/lean-compliance-quiz and answer 6 questions to get specific recommendations on how to reduce your compliance cost.