001 - How FinTech Compliance evolved from 2015 to 2020

<p><span style="font-weight: 400;">Welcome to the first episode of Compliance That Makes Sense. Listen as your host Yana Afanasieva discusses compliance, where it was five years ago versus where it is now. Yana shares the changes she has seen over the years and the three main pain points experienced by compliance professionals. Yana also gives her opinion on how to scale compliance as a function and prepare it for the future. This is an eye-opening discussion on all things compliance; you don't want to miss this first of many exciting conversations to come.</span></p> <p><span style="font-weight: 400;">If you enjoy this episode, please share it with friends, leave comments and reviews, and join the conversation. </span></p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:36] Welcome to the show, everybody!</span></p> <p><span style="font-weight: 400;">[00:58] Yana discusses compliance as a function and where it was, compared to where it is now.</span></p> <p><span style="font-weight: 400;">[02:44] Yana speaks about the changes happening in the last five years, with automation being one of them.</span></p> <p><span style="font-weight: 400;">[03:26] Two-factor authentication in Europe has become the norm.</span></p> <p><span style="font-weight: 400;">[04:00] Another change is how people rely more on public information, news, adverse media scanning, and social media for compliance decisions.</span></p> <p><span style="font-weight: 400;">[05:02] Yana believes that large institutions and their compliant and risk team feel empowered to say no more frequently.</span></p> <p><span style="font-weight: 400;">[06:09] Yana shares the three main pain points being experienced by compliance professions.</span></p> <p><span style="font-weight: 400;">[08:36] Listen as Yana explains why compliance professionals do what they do.</span></p> <p><span style="font-weight: 400;">[10:32] Yana shares her personal observations of companies that start and then finish the registration process.</span></p> <p><s