Embedded Finance

Move fast, break nothing. Why compliance is a competitive advantage

Compliance, regulation, and licensing have been hot topics over the past few months in the world of embedded finance.

Since The Office of the Comptroller of the Currency (OCC) put its foot down on Blue Ridge Bank and demanded more compliance procedures/oversight for its fintech partners, compliance has taken a center stage role in program development.

It’s never been more important to understand the compliance and risk management landscape in the fintech space. In this episode of Embedding the Future of Finance, Jay Saling catches up with Jorgen Norgaard, Alviere’s Global Head of Compliance for a crash course on compliance in embedded fintech.

Jorgen discusses the importance of viewing compliance as a value-add, not a cost center, and the day-to-day compliance program responsibilities. The two also tackle the topic of licensing, why money transmission licenses are so important, and how having a license impacts customer ownership, risk management, and the general approach to embedded finance programs.

Interested in learning more about the elements of compliance and risk management? Click here to go to our security and compliance page, and click here if you would like to get in touch directly with an expert.

Written by Alviere