Are you hesitant to hire a compliance expert because you are not sure if you need one? Listen as Yana discusses when it's time to hire a compliance person into your FinTech team and what happens if you unnecessarily delay this decision. Hiring someone from your team that is not a compliance expert to write compliance documents takes forever, can make your company look immature and cause delays. Hiring a compliance expert can keep your company from making mistakes that can potentially get you in trouble and much more on this episode of Compliance That Makes Sense.
If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation.
[00:34] Hello, my friends, and welcome back! [01:38] Yana speaks about the most common issue she sees happening with startups. [03:45] One of the common mistakes she sees a lot is using marketing slang and doesn't describe details in the way it is expected. [04:55] Another strategy that isn't working is to just do nothing about hiring compliance professionals. [06:31] Hiring consultants instead of a compliance expert is expensive and slow. [08:42] Yana says hiring a big four is not a safe bet if you want speed and progress. [10:08] Is crowdsourcing information a good way to bypass hiring a compliance expert? [12:13] Yana recommends hiring a compliance person when you have to do it by law or if you aren't required by law, but you regularly need to submit documents to others. [13:43] It's necessary to hire a compliance expert if you have 20 or more active customers at any given time. [15:17] Thank you for listening! Show links:
Follow Yana on Instagram and check out our new training calendar for the latest workshops and trainings.