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Why FinTech Startups Need to Make Compliance a Priority

There’s no denying it, FinTech is hot!  It seems everyone is trying to build the next FinTech solution whether they’re focused on P2P Lending, Processing, Cyber Security, Block Chain, Bitcoin, Payments or any number of other pain points that are ripe for disruption. Companies tend to forget that Financial Technology is made up of two distinct words. Many times, you will see amazing startup ideas who end up focusing on the Technology side by creating amazing UI/UX and pay little attention to what I consider the most important aspect of the Financial side: Compliance.  This is a risky approach, from Read more…

By Ferhan Patel, ago

How Criminals Have Shaped the Online Financial World As We Know It

For as long as we have had finance, we have had financial crime. In today’s internet age, thieves can rob consumers and organizations from anywhere in the world. As security has grown more advanced, criminals have become more sophisticated in response. This constant push and pull as both sides have tried to always stay one step ahead of the other has been one of the primary forces in the development of e-commerce over the last two decades. In fact it could be said that, both directly and indirectly, criminals have played a major role in shaping the online financial world Read more…

By Ferhan Patel, ago

4 different risk management solutions compared

For as long as we have had finance, we have had financial crime. In today’s internet age, thieves can rob consumers and organizations from anywhere in the world. Cybercriminals have been a reality since the birth of online finance, and as security has grown more advanced, criminals have become more sophisticated in response, thereby forcing a much greater emphasis on risk management solutions. In many ways, this has changed the nature of risk management, particularly for the online financial industry. What is Risk Management: The identification and assessment of potential risks and the application of resources for the purpose of minimizing, Read more…

By Ferhan Patel, ago

The B2BNN Fintech Influencer Index

The FinTech sphere has been growing steadily and is starting to be recognized on a larger scale. More specifically, banks and FinTech firms are starting to realize that working together is beneficial to both parties.  Check out this interview I did with B2B News Network about my thoughts on FinTech, my history in FinTech and, most importantly, my new FinTech startup!

By Ferhan Patel, ago

Wall Street Officially Opens Its Arms to Bitcoin Invaders

Bitcoin wave keeps growing.  We live in interesting times as more and more institutions are beginning to accept or look into Bitcoin technology. ————————- Source: http://www.wired.com/2015/09/wall-street-officially-opens-arms-bitcoin-invaders/ JP Morgan Chase CEO Jamie Dimon described the situation in the simplest terms. “Silicon Valley is coming,” he said. In his annual letter to shareholders this past spring, Dimon warned the Wall Street old guard that their way of doing things was under siege from “hundreds of startups with a lot of brains and money.” Traditional banking was facing a world of more “seamless and competitive” alternatives. JP Morgan, he said, would work to modernize its own Read more…

By Ferhan Patel, ago