Episode Five of Once Upon a Startup details the compliance and regulation issues that slowed down Finotta in January of 2022. The long, detailed, compliance processes that plague the banking world have seriously slowed down innovation in recent years. B-C fin-tech companies have forced banks to begin thinking about innovation. What is the solution? Partnerships between massive financial institutions and small agile startups. Finotta and First United Bank are the living example of what collaboration can do for innovation. This episode also tells the story of Finotta's tech team implementing their code into First United's production environment. The first major roadblocks are in the past, and Finotta is moving onwards and upwards.
Newsletter: https://share.hsforms.com/1ucU783f0Q9e3VZSfiS2AIg4dfnb
Finotta Website: https://www.finotta.com/podcast
Hosted and Produced by: Garrett Amundsen: https://www.linkedin.com/in/garrett-amundsen-01a619203
Co Produced and Engineered by: Quincy Kennedy https://www.linkedin.com/in/quincykennedyco/
Senior Producer and Creative Director: Destinee Day-Cassidy https://www.linkedin.com/in/destineedaycassidy/
Cites:
https://www.autoremarketing.com/autofinjournal/study-shows-manual-processes-slow-down-banking-compliance
https://www.credit-suisse.com/li/en/articles/news-and-expertise/building-relationships-between-banks-and-startups-201512.html
https://www.forbes.com/sites/forbestechcouncil/2020/03/24/this-one-problem-stifles-innovation-at-big-companies/?sh=33a4803d313a



