134 - Two Fundamentally Different Regulatory Approaches: PSD2/AMLD5/Singapore PSA vs FATCA

In the world of compliance, there are two main regulatory approaches: how to do things regulations and how to report things regulations. Depending on the regulation type, the compliance and implementation strategy can be dramatically different. In this episode, we explore how smart fintech companies can leverage a specific regulatory approach to grow and optimize their businesses while minimizing the burden of compliance. We'll also dive deeper into the benefits of the how to do things regulatory approach and how it can help companies optimize their processes and services. 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: [00:32] Discussion of the two main regulatory approaches: how to do things regulations and how to report things regulations. [01:49] The types of regulations that provide clarity and a level playing field for companies. [3:26] The differences between regulations on how to do things and how to report things and how companies in the compliance industry view them. [04:19] How regulations aimed at detecting and curbing unwanted behavior can be overly burdensome for companies and individuals. [05:41] Contrasting compliance regulations that offer little value to companies already doing the right thing with regulations that can help a business optimize its processes for growth.  [07:20] Tips for determining whether a regulation is helpful and minimizing compliance efforts. [08:35] An invitation to share your experiences and thoughts on the two types of regulatory approaches discussed.   Show links: Connect with me on LinkedIn here. Learn how to be valued as a FinTech compliance expert! Join our next call: https://yana-afanasieva.mykajabi.com/collective  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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