116 - When Compliance Must Be Humble

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! 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! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is. Today's episode: [01:04] The conversation that inspired today's episode. [02:22] Why I don't believe that letting go of people in compliance departments will always negatively affect a company. [03:44] Examples of basic compliance principles. [06:16] My definiton of humility. [06:51] The importance of remembering what the overall purpose of a business is. [07:49] A traffic metaphor to explain why compliance teams need to be humble. [08:52] An example from my own life that highlights the value of humility. [10:55] The factors that I believe are responsible for most successes in business. [11:14] The attitude that is counterproductive to success. [11:42] What it means to be humble. Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.