COMPLIANCE THAT MAKES SENSE

 

The Most Efficient Way to Build and Manage FinTech Compliance!

There are 3 key components to successful agile compliance implementation covered by all Compliance That Makes Sense programs:

  • EFFICIENT OPERATIONS AND PROJECT MANAGEMENT  – doing the right things at the right time, especially with respect to license applications and planning strategic partnerships. You need to learn how to allocate your resources wisely, because there will be waiting times, and not everything needs to be ready not everyone needs to be hired at once, otherwise you will run out of money. Another key area of efficient compliance operations is the compliance user experience – this is the most visible to the customers and most painful area of compliance, and it’s crucial to properly design and continuously optimize your customer onboarding process and transaction monitoring tools to minimize customers’ touch points and their waiting time. 
  • PRAGMATIC RISK ACCEPTANCE – a big part of compliance is making decisions with incomplete information,  responding to regulators, successfully completing ongoing inspections and audits and managing your team and external stakeholders. 
  • DON’T START FROM SCRATCH – regulatory and other approvals are often solved by producing responses, reports, and documents. Our tried and tested templates are continuously fine-tuned and updated, based on feedback received from my clients. They will save you time and resources previously spent on reinventing the wheel and starting from scratch!
 

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and be the first to know when we open the doors so that you can benefit from fast-action discounts and special bonuses!

How It Works?

There are several ways to work with me. Some offers are available any time, other offers only open a few times a year.

  • Invest in FinTech Compliance Self-Starter which is a self-service DIY comprehensive toolkit for those FinTechs who are on a tight budget, willing to learn fast, and keep going. Self-Starter Package is available at any time and provides you instant access to templates and training.  FinTech Srartup Compliance Pro Certification is included for one person as a Bonus within this offer.
  • FinTech Compliance Collective is a group membership program aimed at supporting FinTech compliance and regulatory professionals. It includes access to monthly office hours where you can ask any questions about your ongoing challenges and 60 min per month of individual calls with Yana. It does not include access to templates within the Self-Starter package. 

This package of templates and pre-recorded project management trainings is updated  each year and includes all mandatory elements to set up your FinTech compliance.

  • AML, KYC, PEPs, sanctions policies and SOPs, onboarding flow setup guide (including policies, tools review, and guidance on admin and case management setup)
  • Privacy and GDPR module, including privacy policy, GDPR compliance policy, binding corporate rules, and standard contractual closes or Data Transfer Appendix template (to be included in all your contracts with vendors and payments partners where data transfer is involved)
  • Outsourcing framework setup, including outsourcing policy template and outsourcing assessment checklist
  • Consumer and Investor Protection, including Customer Protection and Complaints Handling Policy, Investor Protection Policy, and Customer Funds Safeguarding Procedure (for fiat and crypto services)
  • Information Security, including InfoSec policy, incident management, and business continuity policy
  • Blockchain-specific regulations, including Blockchain Operational compliance policy 
  • Corporate Governance and Board of Directors set up, Code of Conduct, Segregation of Duties guidance, Anti-Bribery and Corruption procedure, and other relevant templates (e.g. gift policy, HR screening, etc.)
  • Business-wide risk assessment and product risk assessment (with dedicated sections for AML, Product, VASPs, General Risks, Financial Risks, Startup Risks, and Regulatory Risks)
  • Risk Management, Assessment, and Fraud Prevention, including relevant Risk Management policy and Risk Assessment and Risk Assessment methodology templates
  • Conflict of Interests and Insider Trading Policy
  • Terms of Service, Affiliation and Loyalty Programs structuring (including sample language for loyalty points or reward programs, beta testing provisions, and affiliation program templates)
  • Inter-Company Agreements and SLAs
  • Detailed and comprehensive Annual Compliance Plan and sample Internal Audit Plan. Compliance Assurance Framework (roles of FLOD, SLOD, audit)
  • FinTech Licensing - including License Application Template, financial projections template, business plan template, FinTech licensing roadmap, first regulatory inquiry template
  • Token listing and token assessment criteria (for cryptocurrency exchanges or wallets).
  • FATCA and CRS compliance policy

* * * BONUS: FINTECH STARTUP COMPLIANCE PRO CERTIFICATION * * *

This program allows you (or one of your team members) to complete our very unique FinTech Compliance certification that will prepare you to handle the most common compliance challenges and will elevate your competence and confidence to the next level where you feel ready not only to set and manage a superb compliance program within your FinTech startup, but will have a framework for making pragmatic risk-based decisions.

In addition to the pre-recorded curriculum, workshops, and instant access to all templates, you will have access to additional training and coaching focused on the most relevant and complex FinTech compliance performance and  leadership topics. The total of 5 LIVE training group calls are included to help you implement our content within your company and prepare you for the final assignment.

The Certification Schedule for 2024

3 cohorts are currently planned for 2024:

  • Starting on January 20 and graduating by April 15.
  • Starting on April 15 and graduating by August 15.
  • Starting on September 16 and graduating by December 16.

If you would like to obtain the official certification as a "Certified Startup FinTech Compliance Pro", you will be asked to prepare your case study project, which will be assessed and graded. Remember, success in the FinTech compliance formula is 10% regulatory knowledge and 90% decision-making, negotiations, and leadership skills.

Below is the Certification-specific curriculum:

1. Goal-setting. Our first group call is a workshop dedicated to determining specific deliverables or professional results each participant decides to set for themselves or their function.

2. Manage regulatory change workshop is dedicated to developing the skills needed to prepare and manage any regulatory change. We will use the example of MICA Regulation implementation, and in particular - on building a new MICA-compliance framework for token listing and token assessment to get compliant with MICA disclosure requirements.

3. Preparing compliance ROI and communicating with senior management. We will have a special training where the participants will have to analyze key components of the compliance costs prepare a project analysis for a new compliance initiative using ROI method. This workshop also provides you with a framework to address disagreements between compliance and business using NLP framework.

4. Developing Annual Compliance Plan training covers the following areas:

  • Organizational structure
  • Hiring and firing principles
  • Setting revenue-generating objectives
  • Making ROI-based resource estimates
  • Defining KPIs for all key compliance areas: new products, AML, risk management, reporting, outsourcing, funds safeguarding, and governance.

5. Behaviors that keep us stuck and conflict resolution. Everyone who was unable to take an agreed-upon action, feels “behind” or otherwise is unhappy with their progress, will have to assess what is preventing them from taking a different action and will get coaching and feedback on how to make the changes they desire to see. This training also covers communication strategies helping you solve intra-departmental conflicts using the NLP methodology.

Final Assignment – where can you take more risks? The participants will have to identify, prepare, and justify a case study about where their function or company should take more risks.

* * *

Recorded project management workshops and video trainings that are instantly available: 

  • Rise of the Business-Like CCO introductory training.
  • Opening bank account and preparing for banking due diligence roadmap
  • FinTech Licensing workshop and licensing planning roadmap
  • FinTech Risk Assessment workshop
  • Structuring White-Label Solutions in FinTech
  • Onboarding of corporate customers workshop 
  • Creating your FinTech Privacy Policy and GDPR Compliance
  • Preparing for and managing FinTech AML and operational audits 
  • Annual compliance reporting requirements for FinTech workshop (all mandatory reports templates included)
  • Documenting your Outsourcing workshop
  • Compliance Performance and Resource Management
  • End-to-end Crypto Compliance Workshop (including a separate dedicated training on how to comply with Apple and Appstore Guidelines)

 ... plus new content and templates are added regularly!

ADDITIONAL BONUS CONTENT:

  • FinTech Compliance for Beginners module (or a refresher if you are new in FinTech but not new in compliance)
  • Calls Archive with dozens of compliance implementation questions answered!

This is an important investment, and it's not going to be very cheap. Why do you need to see it as an investment?

  • You can easily reduce your annual audit costs and audit issues remediation costs by 10,000-15,000 EUR when your documentation is solid and well structured.
  • You will be able to accelerate your time to market by being able to receive faster sign-offs or approvals from partners or regulators, and depending on your running costs, each month can save you up to 25,000 EUR – even for a small startup.
  • You won't need to pay for additional consultancy, training, or seminars/webinars, and in some companies, these costs amount to 20,000 EUR a year.
  • You will not be overpaying for compliance tools and tech features within these tools that you don't need – it can generate additional savings of up to 50,000 EUR a year and save you a payroll of at least one additional analyst.

Compared to these savings and benefits, an investment of 3900 EUR for the FinTech Self-Starter or 25,000 EUR for Self-Starter + Compliance That Makes Sense Helpline is a smart business decision.

Self-Starter is a DIY product, and it's available at any time. Compliance That Makes Sense opens a few times a year only because it requires planning and scheduling.

Investment into the Compliance Collective is 400 EUR per month. It can be cancelled any time and there is a 1-month full satisfaction or money-back guarantee.

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