Fintechs know they need better compliance, but don't want to pay for it

The increasingly complex global regulatory environment has made compliance a resource-intensive and legally onerous burden of for fintechs. Simply put, the set-it-and-forget approach to managing compliance no longer works. Alloy’s CEO Tommy Nicholas spoke with American Banker about the results of Alloy’s 2023 State of Compliance Benchmark Report, which found that fintechs are spending more time and resources on compliance than ever before.

Read more