Building a Compliance Team for FinTech Founders

A key guiding concept for founders is to make sure your compliance program is commensurate with the risks and resources of your company. If you're pre-product or if you're early, there are a bunch of really fantastic consultants that can help you identify what the policy requirements are. LIPIC has worked with across our time at the various companies we've been at and today at LIPIC have a general policy for our product type. In our case, prepaid cards. Our bank will send us the updated policy once a year and we'll review it to see what they expect from us.