Compliance That Makes Sense Yana Afanasieva

In the first episode of the “From Risk to Rescue” series, I explore how many existing regulatory laws and requirements de facto discriminate against smaller businesses and people with less money, deepening financial inequality, and why it is so important that we eliminate outdated risk and compliance norms. 
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] Welcome to the first episode of the “From Risk to Rescue” series. 
[01:07] Why I agree with Elon Musk’s proposal to have a Regulation Removal department in every state.
[04:09] How regulations discriminate against poorer people and smaller businesses. 
[05:29] Outdated assumptions about smaller businesses and poorer people that do more harm than good. 
[10:15] My experience working with businesses in Africa, the Middle East, and South East Asia. 
[12:05] Understanding Nassim Taleb’s theory of “fat tails.” 
[13:45] How “the network effect” works. 
[14:02] How the failure of a major organization impacts smaller businesses. 
[16:09] Exploring Jeffrey Sacks’ theory of economic and financial apartheid. 
[20:02] Why it’s important to understand the history of risk and compliance norms. 
 
Show links:
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Reddit and YouTube star, Roaring Kitty, is being accused (again) of market manipulation by the mainstream media because of his role in the 2021 GameStop saga. In this episode, I explain why I strongly disagree with these claims. This is a topic I am very passionate about and I look forward to hearing your thoughts. 
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:
[00:40] An overview of the topics I will cover in today’s episode. 
[01:44] What Reddit and YouTube star, Roaring Kitty, has been accused of (again).
[03:13] Why I disagree with the general sentiment towards Roaring Kitty. 
[06:02] The cause of the increased value of GameStop shares in January 2021. 
[08:15] The timebomb created during the period after GameStop and how Robinhood responded.
[11:38] Understanding market manipulation (and why I don’t think this is what Roaring Kitty did). 
[17:40] Why I agree with how Robinhood reacted in 2021. 
[19:12] Unpacking Gary Gensler’s opinion on Roaring Kitty and GameStop. 
[21:19] Why I am so passionate about this topic. 
[24:52] Please share your thoughts!
 
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.

BaaS options are becoming more limited and their requirements are becoming stricter. In this episode, I explain why the current market conditions are challenging for early-stage startups partnering with BaaS providers. I also share the names of some of the providers that I know to be reliable, the difference between BaaS, open banking, and FinTech-friendly banking, and the factors to consider before choosing a BaaS provider!
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] The focus of today’s episode. 
[00:58] Why current market conditions are problematic for BaaS providers and their partners.
[01:37] An overview of what has been going on in the BaaS world since 2020. 
[03:28] Flaws in the design of Europe’s Baas industry.   
[04:50] Why licensing services and technology services should not be mixed. 
[06:34] How BaaS works and the services that BaaS providers offer their customers. [08:19] The most reliable BaaS providers to the best of my knowledge as of today. 
[09:13] How open banking differs from BaaS. 
[10:55] Understanding what a FinTech-friendly banking partner is. 
[11:39] Advice for choosing the right BaaS provider for your startup. 
 
Show links:
Join my Crash Course on White Label Solutions in FinTech 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.

In this episode, I share some key takeaways relating to economic and FinTech trends and patterns in Europe that I have gathered from several different reports as well as through my own observations. From the payment default crisis to the state of BAS and the rise of BNLP, A2A, and digital wallets, tune in today to hear it all!  
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:
[00:38] Documents I have been reviewing which form the basis of this episode. 
[01:31] The problem of inflation.  
[02:23] An overview of the current state of the European economy. 
[03:19] The BNPL (buy now, pay later) landscape. 
[04:35] How the payment crisis is affecting businesses. 
[05:52] The derisking process that banks are going through. 
[07:48] Understanding the digital wallet trend. 
[09:38] The pros and cons of account-to-account payments.
[12:03] Why the current market conditions are unfavorable for BAS (banking as a service) providers. 
[14:42] New fraud patterns that have emerged in recent years.  
[15:36] Why it’s worth keeping an eye on the increased drive for instant payments.
[17:43] The need for additional technological innovations. 
[19:15] The rate of predicted growth of payment companies. 
[20:00] What you will get out of the workshop I am holding on June 4th!
 
Show links:
Join my masterclass on Setting Compliance Priorities in FinTech 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.

Multitasking is not something to be celebrated! In this episode, I explore the many reasons why we should all be moving away from dealing with multitple competing priorities at once. To help you with this, I also share an overview of the hierarchy of business needs created by Mike Michalowtiz that will help you set your priorities straight! 
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:
[00:41] False beliefs that many people have about multitasking. 
[01:55] Why multitasking is often a sign of dysfunction. 
[03:50] The harm caused by multitasking on a personal and organizational level.
[04:34] Why multitasking is so common in the FinTech world.  
[05:44] What FinTech professionals can learn from firefighters. 
[07:23] How multitasking affects your brain and your productivity levels. 
[09:09] Fix This Next; the book that opened my eyes to the importance of establishing a ‘hierarchy of needs.’
[11:53] The purpose of compliance. 
[12:26] An overview of the five levels of Mike Michalowitz's prioritization hierarchy. 
[20:02] Details about the brand new masterclass (Setting Compliance Priorities in FinTech) I am holding on June 4th. 
 
Show links:
Join my masterclass on Setting Compliance Priorities in FinTech 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.
 

It’s easy to assume that the way things are being done is the right way to do things, but a change in perspective can open our eyes to the benefits of doing things differently. In this episode, I discuss how to establish KPIs as a compliance professional when there are a lot of unknowns in play. I hope you walk away from this episode with a new perspective on the metrics you can and cannot control! 
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:
[00:38] An overview of today’s episode.
[01:24] A personal experience that has taught me to always question the status quo. 
[06:58] Why aiming to acquire a license by a specific date is a problematic KPI in the FinTech compliance space. 
[08:16] Why I believe compliance professionals should be responsible for reconciling input from different departments.
[09:59] Examples of KPIs that should be used in relation to compliance auditing.   
[11:45] Important compliance KPIs related to bringing in new business.
[13:47] KPIs that compliance professionals should consider in relation to customer support. 
[16:06] What characterizes a good KPI. 
 
Show links:
Access my Compliance Resource Management Workship 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.