113 - Boomers' Mentality Can Paralyze Your Compliance Team (Even When They Are Millennials)

Is your team suffering from Boomers' Syndrome? If the answer is yes, you are not alone! Tune in today to hear why the traditional approach to compliance is so problematic in today's world and what you can do to help your team move away from it. 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: [00:40] The focus of today's episode: the problem with Boomers' Syndrome and what to do about it. [01:33] Questions to ask yourself to determine whether your compliance team is suffering from Boomers' Syndrome. [03:38] Why even young, smart people contract Boomers' Syndrome. [04:01] Institutional environments that Boomers' have grown up in. [05:18] What many compliance officers think their job is. [05:56] An overview of what the traditional compliance approach looks like in practice.  [07:45] A brief explanation of the agile approach. [08:20] Why the agile approach makes most compliance offers feel uncomfortable. [09:07] The tensions between compliance teams and other teams within many FinTech organizations.  [09:47] The problem with compliance education.  [11:35] What to do if your team is suffering from Boomers' Syndrome.   Show links: Sign up for the Impact Mentorship program here!  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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