116 - When Compliance Must Be Humble

<p><span style="font-weight: 400;">The purpose of a business is to serve customers and make money. So, doing something at the expense of the overall company’s success because it is the “right” thing to do from a compliance standpoint is, in my opinion, a broken strategy. Tune in today to hear my thoughts on why compliance teams need to be humble! </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;">[01:04] The conversation that inspired today’s episode.</span></p> <p><span style="font-weight: 400;">[02:22] Why I don’t believe that letting go of people in compliance departments will always negatively affect a company.</span></p> <p><span style="font-weight: 400;">[03:44] Examples of basic compliance principles. </span></p> <p><span style="font-weight: 400;">[06:16] My definiton of humility.</span></p> <p><span style="font-weight: 400;">[06:51] The importance of remembering what the overall purpose of a business is.</span></p> <p><span style="font-weight: 400;">[07:49] A traffic metaphor to explain why compliance teams need to be humble.</span></p> <p><span style="font-weight: 400;">[08:52] An example from my own life that highlights the value of humility.</span></p> <p><span style="font-weight: 400;">[10:55] The factors that I believe are responsible for most successes in business. </span></p> <p><span style="font-weight: 400;">[11: