The only problem here is that FinTech doesn’t have enough lawyers.
Compliance is a big ugly problem and it’s getting worse and nobody has nailed it yet.
That should have entrepreneurs salivating.
“show me compliance deals”.
“show me a solution”.
Startup founders say,
“we must spend our precious cash on lawyers and regulatory experts”.
Nobody loves compliance. Everybody hates compliance. So it’s a massive opportunity.
Looking at the usual Fintech lists and accelerators, the compliance breakthroughs do not leap out of the pixels. The usual searches turn up lots of lawyers and outsourcing firms willing to throw man hours at the problem, but that hardly counts as a breakthrough solution.
With such huge demand, the lack of supply means that it must be a very hard problem to solve. This needs more than your average app coded in a few Red Bull fueled weeks. This is more like a breakthrough in drug discovery or clean energy –…
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