111 - The Best Compliance Is Often To DO NOTHING!

Driven by what I have been hearing from FinTech founders about their experiences with compliance, in today's episode, I talk about the core three elements of the just-in-time compliance framework, and why sometimes doing nothing is the best compliance strategy of all!   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: [00:46] The conversation that inspired this episode.   [01:07] Complaints about compliance that I often hear from FinTech founders.  [02:30] Pressure that is commonly experienced by founders.  [04:48] The three pillars of the just-in-time compliance framework. [05:36] Why FinTech founders need to pay attention to all three elements of the framework. [07:40] The hardest part of the framework to implement (which is also the hardest part to teach).  [08:22] Some of the most common decisions that FinTech founders need to make that require some risk-taking.  [11:17] Why doing nothing makes people feel uncomfortable, even when it's the right thing to do.  [11:57] Examples of when the best compliance approach is to do nothing.  [16:51] A major reason for the friction that occurs between compliance teams and founders.  [17:40] What you can expect to learn in upcoming episodes.    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.  

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