Summary

In this episode, Brian Vieaux interviews Al Pitzner, the managing director and co-founder of Conforma Compliance Group.

They discuss the importance of compliance consulting in the fintech industry and the need for expert resources in a challenging business environment.

Al shares his journey to founding Conforma and the different engagement dynamic as a consultant partner.

They also explore the top compliance issues in the industry, including fair lending and state enforcement.

The conversation highlights the role of compliance in evaluating and implementing technology, with a focus on social media monitoring and consumer-facing tools.

The episode concludes with information on how to contact Conforma Compliance Group.

Takeaways

• Compliance consulting is crucial in the fintech industry, especially in a challenging business environment.
• Engaging with compliance consultants provides access to expert resources and a different perspective on compliance issues.
• Top compliance issues include fair lending and state enforcement, which require attention and proactive measures.
• Compliance plays a significant role in evaluating and implementing technology, particularly in areas such as social media monitoring and consumer-facing tools.

Chapters

00:00 Introduction and Background

02:26 The Need for Compliance Consulting

03:03 The Journey to Conforma Compliance Group

04:05 The Different Engagement Dynamic as a Consultant

05:10 Top Issues in Compliance Today

08:22 Challenges and Trends in Compliance

09:23 State Enforcement as a Major Risk

10:05 Engagement with New Companies in the Industry

11:21 The Role of Compliance in Technology Evaluation

12:41 Compliance Considerations for Technology Implementation

15:22 The Importance of Social Media Monitoring

19:59 Insights from Evaluating FinLocker

23:01 The Intersection of Tech and Compliance

25:10 Contacting Conforma Compliance Group

26:00Conclusion