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Compliance That Makes Sense

126 - Queen's Gambit as a FinTech Strategy

13 Feb 2023

Description

Many times projects are delayed due to an excessive amount of initial research and an unwillingness to take action. I've found that this is most often due to FinTech managers bringing on teams that do not have a same or similar business model to them. Tune in today to hear my advice on how you can use the Queen's Gambit style of chess as a FinTech strategy!  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 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: [00:39] How I relate to Queen's Gambit, the Netflix show, and what it has to do with compliance strategy.  [02:01] Many FinTech projects tend to drag on forever due to overly extensive research at the beginning.  [04:17] One recent client experience I had, that speaks to this research issue. [06:34] The reason most people procrastinate is because the tasks are overwhelming.  [09:08] The Queen's Gambit strategy is a different mental game with all the heavy lifting happening first.  [11:18] Why many project managers that come from large companies end up being inefficient at startups.  [13:58] Tech founders are more likely to measure success based on user numbers versus number of employees.  [14:50] Before I take on any new project, I always ask myself "Can I scale this?".  [15:28] When you hire a service provider as a FinTech startup, make sure that their business model matches yours.  [16:32] I'm going to be holding a workshop dedicated to end-to-end operational compliance for a vast company. Sign up!   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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