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Compliance That Makes Sense

119 - How I discovered Just in Time Method working at PayPal

04 Jan 2023

Description

In the last episode, I discussed the just-in-time method and how that is more effective than reactive firefighting, and I am now following up on that, talking about how I discovered the just-in-time method. As some of you may know, my earliest FinTech work was with Amazon and PayPal, and I share the lessons that I learned from projects on which I was the compliance point of contact. 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: [01:04] I talk today about how I discovered the just-in-time method while working for PayPal and Amazon. [01:32] The biggest lesson I took away from Amazon and PayPal. [03:20] Asking customers lots of questions doesn't work with big companies. [04:41] Representing compliance at a FinTech means people will be biased against you. [06:18] I was working at PayPal in 2014. [07:16] I don't really believe in failures. [09:52] How I needed a sense of accomplishment and making progress at the job I had at the time. [12:12] The European Banking Authority issued guidelines which PayPal forgot to address. [14:18] How I defined my job. [15:12] I was invited to join a few other projects. [18:13] Summary of what I learned and accomplished. [19:03] My approach was the only thing that changed. [20:42] The second lesson that I learned. [23:18] I finish up with my golden rule.   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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