084 - Are You Outsourcing the Wrong Functions?

<p><span style="font-weight: 400;">In this week’s episode I share answers to some of the most frequently asked outsourcing related questions, and I explain why I don’t think outsourcing compliance is a good idea for early stage FinTech startups!</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;">[00:45] A common question I get asked by potential customers about outsourcing.</span></p> <p><span style="font-weight: 400;">[01:30] Why I think it is better to do your compliance in house, rather than outsourcing it.</span></p> <p><span style="font-weight: 400;">[02:15] Some of the downsides of outsourcing compliances.</span></p> <p><span style="font-weight: 400;">[02:51] When outsourcing compliance is a good idea.</span></p> <p><span style="font-weight: 400;">[04:25] The importance of listening to feedback from your customers carefully when you are an early stage FinTech startup.</span></p> <p><span style="font-weight: 400;">[07:30] Why larger, more established companies will benefit more from outsourcing. </span></p> <p><span style="font-weight: 400;">[09:24] Examples of functions that I would recommend outsourcing.   </span></p> <p><span style="font-weight: 400;">[10:30] Some of the most frequently asked questions I receive about outsourcing. </span></p> <p><span style="font-weight: 400;">[11:33] Critical versus non-critical outsourci