011 - Why Just A Few FinTech Startups Keep Growing While Others Fail and Run Out of Money?
Release Date: 12/14/2020
175 - FinTech Compliance KPIs and Metrics You Can Control
Compliance That Makes Sense
It’s easy to assume that the way things are being done is the right way to do things, but a change in perspective can open our eyes to the benefits of doing things differently. In this episode, I discuss how to establish KPIs as a compliance professional when there are a lot of unknowns in play. I hope you walk away from this episode with a new perspective on the metrics you can and cannot control! 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...
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174 - Compliance Performance and Responsibility for Things Outside of Your Control
Compliance That Makes Sense
In your career, as in all facets of your life, there are always going to be circumstances that are out of your control! In the next few episodes, I am going to be exploring how you can differentiate between the things you can control and those you cannot and how to identify and avoid the traps that lead to unnecessary project delays and unintended results. 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...
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173 - SEC vs Uniswap, Pavel Durov with Tucker, and Yana AI
Compliance That Makes Sense
In this episode, I take you on a journey through my thoughts on what is going on with the SEC and Uniswap, what I learned about the future of instant messaging from Tucker Carlson’s interview with Pavel Durov, why I decided to digitally “clone” myself, and more! 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...
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172 - Being Authentic: A Conversation with David Yen About Making Decisions, Education, and Taking Risks
Compliance That Makes Sense
With my Certification program launch happening in two days, I decided to record an episode with my very good friend, David Yen, about some of the things that have been on my mind recently. The diverse range of subjects we discuss includes relationships, friendships, risk-taking, decision-making, the education system, and authenticity! 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...
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171 - Mistakes My Clients Made Last Month and How to Move Through Mistakes Faster
Compliance That Makes Sense
Competent, well-meaning, hardworking people often make unrealistic assumptions that can completely derail their projects. In this episode, I explore some of the mistakes that my clients have made recently to highlight the importance of questioning your assumptions and surrounding yourself with trusted advisors. 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...
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170 - Using NLP in FinTech Compliance
Compliance That Makes Sense
For various reasons, compliance professionals often struggle to confront their senior management about work-related issues that they are experiencing. In this episode, I explain what the the NLP (Neurolinguistic Programming) methodology is and how it can be used to overcome this problematic tendency! 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,...
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169 - “We Have To Do Something” Moments Are Dangerous
Compliance That Makes Sense
The world we live in is characterized by unpredictability. Responding to unpredictable situations with “we have to do something” is a trap that can have very negative outcomes so in this episode, I share how you can better prepare for the future without wasting your time and money! 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...
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168 - Lisa Carpenter Interviews Yana about Crypto, Women, Technology, Risks, and Life
Compliance That Makes Sense
In today’s special episode, I am joined by my life coach, Lisa Carpenter, to discuss crypto, women, technology, risks, and life! Lisa works with women who have high career ambitions and who also want to maintain their health and well-being. I’ve been seeing her for a few years, finding the experience enormously valuable in helping me through life’s ups and downs. From understanding the risks of investing in crypto to regulation in the AI space to the fears that hold us back and lots more, this enlightening conversation will give you a comprehensive overview of some of today’s...
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167 - How to Offer Crypto Staking
Compliance That Makes Sense
Crypto staking has been in the spotlight recently, and as a result, it is undergoing a transformation. In this episode, we are going to cover what staking is, how it works, why regulators are concerned about it, and the key elements you need to keep in mind if you are going to offer it. I also explore Kraken as a case study of how staking can go 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...
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166 - Excessively Regulating New Technologies is Bad for Compliance
Compliance That Makes Sense
Welcome back to the Compliance That Makes Sense podcast! In the coming episodes, we’re going to be delving into topics related to the technological developments that are changing our world. --- Are you a techno-skeptic or part of the effective accelerationism movement? In this episode, I explore the beliefs held by these opposing camps and share my thoughts about technological development, capitalism versus socialism, and why too much regulation is a bad thing for the compliance profession. If you found value in this episode, I would really appreciate it if you could leave a...
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.
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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.