053 - How Taking Risks May Be the Most Efficient Way to Build a FinTech Unicorn

<p><span style="font-weight: 400;">Despite so many financial industry veterans being anti-risk, in today’s episode I’m going to explain why I think this is not a good approach, and I share with you the many benefits of taking risks and making losses as a FinTech start-up. </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate 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!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:41] An introduction to today’s controversial topic. </span></p> <p><span style="font-weight: 400;">[01:02] What many financial industry veterans say about risk.</span></p> <p><span style="font-weight: 400;">[01:34] One of the biggest myths in the financial industry. </span></p> <p><span style="font-weight: 400;">[01:50] The trait that so many FinTech unicorns share. </span></p> <p><span style="font-weight: 400;">[02:56] “What doesn’t kill you makes you stronger”: what this looks like as a risk management strategy.</span></p> <p><span style="font-weight: 400;">[04:21] A question which may make you rethink your opinion on risk. </span></p> <p><span style="font-weight: 400;">[05:48] Examples of rules and regulations which you shouldn’t be spending time and energy on now. </span></p> <p><span style="font-weight: 400;">[07:32] Another regulatory hoax which I speak about in more detail in previous episodes.</span></p> <p><span style="font-weight: 400;">[08:05] An approach to risk that I advocate for. </span></p> <