Compliance That Makes Sense

By: Yana Afanasieva
  • Summary

  • This is a place where FinTech compliance, regulations and risks are made simple and fun. Your host, Yana Afanasieva, corporate dropout turned entrepreneur, introduces you to pragmatic risk acceptance and agile compliance that scale, challenges financial industry conventional wisdom, and wholeheartedly believes that dashboards and automation often make much better job than humans.
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Episodes
  • 195 - Live Webinar Recording: How to Assess Impact of Compliance Function
    Dec 26 2024

    If compliance feels like a roadblock, it’s time to flip the script. I had a live webinar last week about how to turn compliance into a growth driver. We have covered how to measure success, align with business goals and prove compliance’s value as well as. smart resource management, big picture problems, and knowing when to take calculated risks. You will also get practical tips on prioritizing, tracking what matters and making the business case for compliance initiatives through ROI.

    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:

    [01:40] Framework to help you understand how this year measures up in terms of impact, accomplishments, and helping your business.

    [04:17] Why some compliance professionals have a resistance to numbers and money.

    [06:40] Management is often more interested in growth, sales, revenues, or something other than just checking off the boxes.

    [08:23] We're going to have a conversation about how to assess the results of your compliance function, risk function, or governance function in a more objective way.

    [11:10] What really defines your success is your ability to make the right decisions at the right time and communicate that to stakeholders.

    [13:32] Explain why getting what you need to do your job will be beneficial for the company. Communication and diplomacy.

    [16:07] When I talk about compliance I mean things like risk, governance, and regulatory time.

    [18:01] 1. Make sure you're using your time correctly.

    [19:23] Examples of how to ask for money and resources. Explain how these additional resources will benefit the company.

    [24:30] 2. Stop managing compliance as a cost center and view it as a revenue center.

    [26:13] 3. The way we value information has changed. Position yourself as someone who will share information and make recommendations.

    [32:58] Make the best decision you can for the company today based on your experience. How not being in on the final decision can empower you and take away fear.

    [40:01] Compliance performance. Being busy doesn't mean results. Objectively decide by starting at point zero.

    [42:05] Results are created by solving bigger problems.

    [44:14] Don't prepare for future projects too early and complicate current decisions.

    [47:44] How we can take more risks and solve bigger problems.

    [49:09] Understand why this year was good or bad, and it will help you discover where to focus best.

    [52:06] We want compliance to contribute to business growth with quantifiable metrics. How to set priorities and ROI.

    [55:26] A framework to help you decide where to focus. The huge impact of compliance decisions around checks and automation.

    [57:59] Linchpin redundancy is a bottleneck, because everything needs to be approved by someone.

    [59:06] Every compliance metric needs to be linked to more customers, money, saving costs, saving time, or bringing efficiencies.

    [01:00:39] A quick formula to link performance to the company's goals.

    [01:08:43] Reasons not to worry about reputational impact.

    [01:11:57] If you're wondering how to take this framework to the next level. I have a training program and an online certification available.

    Show links:

    • Join my free workshop focused on building a successful year 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.

    • Fix This Next: Make the Vital Change That Will Level Up Your Business

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    1 hr and 24 mins
  • 194 - How to Assess Your Results and Why Success Is Not Linear
    Dec 12 2024

    This is the time of year for reflection, so in this episode, I share my theory on why achieving success for some people is so much easier than it is for others, why a high success-effort ratio isn’t always ideal, and some simple practices that you can incorporate into your life to start feeling more successful!

    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] An overview of today’s topic.

    [01:50] Two different roads that lead to success.

    [02:12] The facet of my life with a high success-effort ratio.

    [03:43] Understanding simulation theory.

    [05:39] My theory about why success is so hard to achieve in some areas and so easy in others.

    [07:06] Real-world examples of how life provides people with the challenges they need to grow.

    [14:57] Two reasons why you may be feeling unsuccessful in certain areas of your life.

    [15:40] Downsides of a high success-effort ratio.

    [17:14] The importance of deeply exploring your pain points.

    [18:44] The value of writing down your accomplishments.

    [19:11] What I am proud of achieving in 2024.

    [21:20] Valuable lessons you will learn in the free workshop I am holding on December 18th.

    Show links:

    • Join my free workshop focused on building a successful year 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.

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    25 mins
  • 193 - Fork in the Road: DOGE and Deregulation in Americas vs EU Jihad on Crypto and Digitalization
    Dec 5 2024

    In this episode, I share my thoughts on regulation and deregulation in the crypto space and my predictions for how the different approaches adopted by Europe and America will impact people and businesses in these regions.

    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] An overview of today’s topic.

    [01:24] The alleged goals of Trump’s DOGE initiative.

    [02:41] An important discovery I made while managing the downsizing of a business.

    [04:03] Elon Musk’s comparison between government agencies and sports matches.

    [05:25] How Javier Milei’s policies have benefited the Argentinian economy.

    [08:09] The way Europeans measure success.

    [09:22] How Europe’s approach to regulation is disadvantageous to the continent.

    [10:38] Exploring what is going on with USDT.

    [12:25] The justification that is used for crypto regulation in Europe.

    [13:26] Consequences of the increased rules and regulations relating to crypto.

    [14:15] My prediction for the future of regulation in Europe and the US and the impacts different approaches will have on businesses.

    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.

    Show more Show less
    18 mins

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